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However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
Fortune 500 companies based in Houston [1]: Rank Company name 12: ExxonMobil: 48: Phillips 66: 60: Sysco: 105: Enterprise Products Partners: 106: Hewlett Packard Enterprise: 127: Plains GP Holdings
The American General Center is a complex of several office buildings in Neartown Houston, Texas located along Allen Parkway. [1] [2] It is the global headquarters for Corebridge Financial, formerly American General.
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Greater Houston, designated by the United States Office of Management and Budget as Houston–The Woodlands–Sugar Land, [4] [5] [6] is the fifth-most populous metropolitan statistical area in the United States, [7] [8] [9] encompassing nine counties along the Gulf Coast in Southeast Texas.
Five Post Oak Park is located in the 43 acres (17 ha) Post Oak Park business park. Originally developed by The Winter Company and completed in 1982, Five Post Oak Park is a 28-story building on 3.8 acres (1.5 ha) of land.
The purchase of the Two Westlake Park gave the firm a total of 1,700,000 square feet (160,000 m 2) of Class A office space in Houston. [2] The 20 story Three Westlake Park, which contains 428,000 square feet (39,800 m 2) of space, was completed in 1983. A 1,247 car parking garage is located next door to Three Westlake Park. [1]