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Gross Domestic Product

How Serious Is Our National Debt?

Patrick Takahashi | Posted 05.25.2011 | Business
Patrick Takahashi

The American debt as a percentage of GDP is at around 100%, which is expected to edge up to 101% in 2011, then begin to drop. However, Japan's debt as a percentage of GDP will go to 230%!

A Carbon Price Is a Bet America Needs to Make

Joshua Freed | Posted 05.25.2011 | Green
Joshua Freed

The same opportunities that are driving China to price carbon are there for the United States. There's broad consensus that a carbon price will spur the creation of new jobs in clean energy industries and supporting sectors.

Queens County Economic Forecast

Kathryn Wylde | Posted 05.25.2011 | New York
Kathryn Wylde

Queens County Economic Forecast Speech to the Long Island City Business Development Corporation March 18, 2010 While the focus of the Queens Econom...

The Innovation Delusion

Ralph Gomory | Posted 05.25.2011 | Business
Ralph Gomory

Pundits like Thomas Friedman are wrong to think that we can simply scale up R&D to a degree where it can be equally traded for the huge quantity of things we need but don't make in this country.

GDP Up 2.2% In 3Q, But Recovery Is Much Slower Than Previously Thought

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — All signs suggest the economic recovery will end the year on firmer footing despite a report Tuesday that the economy grew at a 2.2...

Main Street Lags Far Behind Wall Street In Recession Recovery

BusinessWeek | Moira Herbst | Posted 05.25.2011 | Business

On the one hand, the Dow Jones industrial average once again danced around 10,000 last week. If U.S. gross domestic product rebounds as expected on Oc...

Hold the Hofstadter: Why the GOP Is Winning 2010

John R. Bohrer | Posted 05.25.2011 | Politics
John R. Bohrer

Over the last few months, a number of prominent political columnists have pointed to historian and social critic Richard Hofstadter to explain what is happening to the Republican Party. Here's why they shouldn't.

Time to Stop the Regulatory Circus and to Steer the Ship to Safe Ground

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.

'Third Quarter Growth' and Other Things That Mean Nothing To You

Allison Kilkenny | Posted 05.25.2011 | Business
Allison Kilkenny

If life still sucks for you: you're still unemployed, depressed, broke, homeless, or scraping by on food stamps, don't worry. You're not alone.

Ghost Towns in China Prove GDP Is a Farce

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

An entire generation has been conditioned to believe economics is the fundamental nature of reality. If the Chinese government pulls a Lehman, the next chapter of history will be messy.

U.S. GDP Falls AT 0.7 Percent Pace In 2Q

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The economy shrank less than expected in the second quarter as businesses and consumers trimmed their spending at a slower pace, buttressing beliefs that the economy is now growing.

The 0.7 percent dip in gross domestic product for the April-June quarter follows the 6.4 percent annualized drop in the first three months of this year, the worst slide in nearly three decades. In the final quarter of last year, the economy sank at a rate of 5.4 percent

The new reading on second-quarter GDP, reported by the Commerce Department on Wednesday, shows the economy shrinking less than the 1 percent pace previously estimated. It also was better than the annualized 1.1 percent drop that economists were predicting.

The final revision of second-quarter GDP comes on the last day of the third quarter, in which many analysts predict the economy started growing again at a pace of about 3 percent.

"Growth should be solidly positive," said Mark Vitner, economist at Wells Fargo Securities.

Fomenting a Green Industrial Revolution in the U.S.

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

When the leaders of the G-20 nations arrive in Pittsburgh, I want them to know I am fomenting revolution -- Industrial revolution. Specifically, a 21st-century burgeoning of green manufacturing in the United States.

GDP Declines 1 Percent In 2Q, Better Than Expected

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Further evidence the recession is ending came in a report Thursday confirming that the economy shrank at an annual rate of just 1 p...

National Association of Manufacturers Blasts ... American Manufacturing?

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

Why is America's National Association of Manufacturers echoing the Cato Institute's views against American manufacturing? Has this organization lost its way? Do NAM members know about this?

New Economic Data Shows that Right Wing Economic Theory Is Simply Wrong.

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The Republicans and the Right Wing establishment will continue to ignore reality, to repeat their slogans, to pander to fear, and stand up for wealthy special interests. But history has rendered its verdict.

Gov Stats Overly Rosy? Some Say Unemployment Is Actually 20%

smartmoney.com | Posted 05.25.2011 | Business

Today Williams runs Shadow Government Statistics (ShadowStats.com) from his home. For $175 a year subscribers get economic data and analysis adjusted ...

Government GDP Estimate 6% Higher Than Private Forecasters

gregmankiw.blogspot.com | Greg Mankiw | Posted 05.25.2011 | Business

Here (in red) are the growth forecasts used to put out the new Obama administration budget, followed by the consensus forecast of a panel of "Blue Chi...

Healthy, Wealthy and Wise?

Andrew L. Yarrow | Posted 05.25.2011 | Business
Andrew L. Yarrow

How did two proud symbols of American greatness from the late 19th to the late 20th centuries become emblematic of deep social and economic problems and the nation's slide from global pre-eminence?

Economy Nearly Stalled in 4th Quarter

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The economy nearly sputtered out at the end of the year and probably is faring even worse now amid continuing housing, credit and f...

Economy Skids to Near Halt

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused pe...

Recession-Proof Your Portfolio

Yahoo Finance | Annie Sorich | Posted 05.25.2011 | Business

There's lots of talk of a recession these days, making many investors nervous. What exactly is a recession? The technical definition is two quarters (...