On the edge of friction

(PhysOrg.com) -- The problem exists on both a large and a small scale, and it even bothered the ancient Egyptians. However, although physicists have long had a good understanding of friction in things like stone blocks being ...

Global warming slows down world economy: report

Climate change caused by global warming is slowing down world economic output by 1.6 percent a year and will lead to a doubling of costs in the next two decades, a major new report said.

China energy consumption rises 3.9% in 2012

Energy consumption by China, the world's leading emitter of CO2, rose 3.9 percent in 2012 from the previous year but fell by 3.6 percent per unit of gross domestic product, the government said.

Using physics to make better GDP estimates

A team of Italian physicists has used economic complexity theory to produce five-year gross domestic product (GDP) estimates for several countries around the world. In their paper published in the journal Nature Physics, ...

GDP predicts auto sales worldwide

Personal income, interest rates and the price of gas all influence auto sales, but a country's gross domestic product alone is a good indicator of new sales, says a researcher at the University of Michigan Transportation ...

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