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Gdp

Hello Republicans: Japan Switches to Stimulus, Gets Growth; Europe Sticks With Austerity, Stays in Recession

Ian Reifowitz | Posted 05.20.2013 | Politics
Ian Reifowitz

As Europe reminds us, it prevents recession-battered economies from growing. The alternative is to prime the economic pump by having governments engage in fiscal and monetary stimulus.

Gross Domestic Product: Grossly Incomplete, But We Can Fix It

Gernot Wagner | Posted 05.17.2013 | Green
Gernot Wagner

Up to a point, GDP does tell us important facts about people's lives, livelihoods and aspirations. Living on a dollar a day is miserable no matter how you look at it. Choking on economic growth, of course, is equally bad.

Is Colombia Suffering the Dutch Disease?

Felipe Ɓngel | Posted 05.10.2013 | World
Felipe Ɓngel

Despite the global economic situation, Colombia has shown resilience to external shocks in recent years, with reasonable economic performance in its region, in part due to responsible monetary policies conducted by the Central Bank.

Unlucky Number 13: Is Slovenia Next in Line for a Bailout?

Luka OreÅ”ković | Posted 05.02.2013 | Business
Luka OreÅ”ković

While some hope of a miracle occurring in the coming months remains, so does the question of whether the new Slovenian government is willing to invest enough political capital to push through the necessary reforms before the capital markets decide to lock Slovenia out once again.

Austerity: Planned Poverty

Carl Gibson | Posted 04.26.2013 | Politics
Carl Gibson

When a Laney Walker supermarket closed in Georgia, the store had arranged for a local church to pick up all of the store's food to give to the poor. But when the church never came by, the food was unloaded into the parking lot where hungry people gathered to take it back home to their families.

Smaller-Than-Expected Growth

Reuters | Lucia Mutikani | Posted 04.26.2013 | Business

* First-quarter growth accelerates at 2.5 percent rate * Inventories, consumer spending boost growth * Business spending on equipment, software ...

Is Growth the Best Measure of a Good Economy?

Scott Bittle and Jean Johnson | Posted 04.23.2013 | Business
Scott Bittle and Jean Johnson

Is growth in GDP really the best way to judge how the economy is doing? What does GDP actually tell us, and what does it leave out? Can an economy be growing and still be on its way off the rails?

Zach Carter

Goldman Sachs: Deficit Will Plunge Without Austerity

HuffingtonPost.com | Zach Carter | Posted 04.22.2013 | Politics

Goldman Sachs economists predicted on Friday that the federal budget deficit will shrink over the next few years by more than previously projected. ...

Is the Entire Deficit Debate Based on a Big Mistake?

Les Leopold | Posted 04.18.2013 | Business
Les Leopold

Fear of debt is woven deeply into our culture. We associate debt with profligate spending, waste, gambling and overall sinfulness. As we learned during the housing bubble, it's easy to get in over our heads. So naturally we assume that the same must be true for our country -- government debt must be bad. But is it?

The Fiscal Milestone: Achievements, Fatigue, and Prospects

Carlo Cottarelli | Posted 04.16.2013 | Business
Carlo Cottarelli

The 2008-09 global economic crisis pushed public debt ratios of advanced economies to levels never seen before during peacetime. These high debt levels expose countries to a loss of market confidence and, ultimately, damage long-term growth prospects.

Beware of Whither We Are Tending

Mousa Alshanteer | Posted 04.11.2013 | College
Mousa Alshanteer

We are living under a government the likes of which Abraham Lincoln and Alexis de Tocqueville warned us about -- a government that is increasing in scope and size, thereby restricting the very freedoms that distinguish our nation from any other.

Trouble for Exxon

Natalie Pace | Posted 04.02.2013 | Business
Natalie Pace

For investors worried about the impact of the spill on Exxon's share price, the truth is that there are macro market trends that could impact the price even more than the oil spill. Exxon is trading at an annual high, largely because the Dow has posted an 11 percent gain already in 2013.

Time for Change -- Shifting Energy Spending in Africa

Antoinette Sayeh | Posted 03.28.2013 | World
Antoinette Sayeh

For many years, countries in sub-Saharan Africa have spent large amounts on subsidizing fuel and electricity. For both sources of energy combined, this averages around 3-4 percent of GDP. Is this a good use of scarce resources?

U.S. Economy Grew At Slowest Pace In Nearly Two Years

AP | By MARTIN CRUTSINGER | Posted 03.28.2013 | Business

WASHINGTON (AP) — The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accel...

Subsidizing Energy Consumption: Why it's Wrong and What Can Be Done About it

Carlo Cottarelli | Posted 03.27.2013 | Business
Carlo Cottarelli

Let's face it. Everybody loves cheap energy. Almost all human activities require energy consumption and, if something is so basic, it seems pretty obv...

Vietnam in Transition: When Consumers Worship at the Altar of the Shopping Mall

Andrew Lam | Posted 03.26.2013 | GPS for the Soul
Andrew Lam

In Vietnam there's new horde of consumers with dispensable income and a penchant for luxury goods and real estates overseas. Small but growing in numb...

An Open and Diverse Economy to Benefit All Algerians

Christine Lagarde | Posted 05.22.2013 | Business
Christine Lagarde

The goal of continued stability -- and certainly the hope for more broadly shared growth -- cannot be taken lightly. Everybody I spoke to in Algiers agreed the country needs a more open and diverse economy to create a bigger pie, and to ensure that all Algerians get their fair share in it.

Can Cyprus's Sacrifice Save the Eurozone?

Justine Frangouli-Argyris | Posted 05.21.2013 | World
Justine Frangouli-Argyris

Will the government opt to raid some state pension or insurance funds that have already been contributing their share by buying up large sums of national bonds? Will the Europeans back down and ultimately agree to some alternative bailout deal that leaves savings untouched?

Got Happiness? First UN International Day of Happiness

Frances Moore Lappe | Posted 05.19.2013 | Good News
Frances Moore Lappe

Today is the world's first International Happiness Day, declared by the UN to signal the importance of going beyond GDP as a measure of progress. We need, says the UN, better measures of society's real wellbeing -- including happiness.

Ryan Plan Reverts Spending To 1948 Levels

The Huffington Post | Mollie Reilly | Posted 03.15.2013 | Politics

Rep. Paul Ryan's (R-Wis.) proposed budget would reduce government spending outside of Social Security and interest on debt to its lowest levels in ove...

End Budget Conflict Via Balanced Trade

Greg Autry | Posted 05.12.2013 | Business
Greg Autry

For more than a generation the U.S. has been testing a self-destructive theory whereby we export enormous amounts of American capital, priceless technology and millions of jobs to other nations naively expecting them to reciprocate.

Gender Equality Pays Off in Brazil

Otaviano Canuto | Posted 05.07.2013 | World
Otaviano Canuto

Brazil's success in reducing poverty and income inequality has been widely reported in recent years. What is less known is that there has also been progress in lessening gender inequality in the past two decades.

The Tyranny of the Average

Jared Bernstein | Posted 05.07.2013 | Business
Jared Bernstein

The problem with historical average of revenues and outlays as shares of GDP as a guide toward the future is obvious: there have been fundamental changes in our society and economy that make it an unreliable benchmark going forward.

Keep Your Eye on the Middle Class

Michael Farr | Posted 03.12.2013 | Business
Michael Farr

These imperatives do not appear to be materializing as a result of aggressive monetary policy. Even so, Bernanke & Co. charge relentlessly ahead on their chosen course. We can only hope they know what they are doing.

The Case for an Investment Boomlet: Barring a Government Misstep

Diane Swonk | Posted 03.01.2013 | Business
Diane Swonk

If we don't invest today, there will be nothing to build a foundation on going forward. The good news is that investment appears to be coming back.