Space porn: These images are (quite literally) out of this world
Americans increased the amount of money they borrowed in November, mostly to buy cars and attend college. But the second straight month of gains barely raised consumer credit above its lowest point in four years.
Consumer debt rose $1.3 billion in November, the Federal Reserve said Friday. That follows a revised $7 billion increase in October.
The increase pushed overall borrowing to an annual rate of $2.4 trillion. That’s not much higher than the $2.39 trillion rate from September — the lowest point since January 2007. It’s 6.9 percent below the $2.58 trillion high point hit in July 2008.
The figures are not adjusted for inflation.
Households have been borrowing less and saving more since the recession began in December 2007. This has been a major factor holding back overall economic growth because it has dampened consumer spending. Consumers account for 70 percent of total economic activity.
The strength in November came in the category that includes auto loans and student loans. The category that includes credit card debt fell for a record 27th month, although the November drop was smaller than the previous four months.
Borrowing in area of student loans and credit cards rose 4.2 percent in November after a 9.4 percent advance in October.
Consumers borrowed 6.3 percent less on their credit cards in November following a decline of 8.1 percent in October.
NASA astronaut Mike Hopkins
On December 28, 2013, Expedition 38 crew member Mike Hopkins participating in the second of two space walks to replace a degraded pump module on the International Space Station. (NASA astronaut Rick Mastracchio is reflected in his helmet!)
The Soyuz TMA-10M
The Soyuz TMA-10M headed towards the International Space Station with crew members from Expedition 37 onboard.
40 years ago the Apollo 8 mission flew up to the moon, orbited it ten times and then returned to Earth. This picture was taken from that flight and shows the Earth as it seemingly rises in similar fashion to a sunrise.
Sunrise from Expedition 36
NASA Flight Engineer Karen L. Nyberg of Expedition 36 took this photo of the sun rising -- a sight they saw nearly 16 times per day due to the speed of the International Space Station's orbit around the earth.
A pair of NanoRacks CubeSats -- nanosattelite spacecrafts carrying experiments -- were launched by Expedition 38.