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Gross Domestic Product

Make Hard Work Pay -- Again

Marian Wright Edelman | Posted 03.14.2014 | Politics
Marian Wright Edelman

The sad truth is you can work full time in America and not be able to meet your family's basic needs. A parent working full time at the federal minimum wage of $7.25 an hour earns $15,080 a year before taxes. That's $4,700 below the poverty level for a parent with two children.

A Post-GDP World? How to Measure Real Progress in America

Michael Shank | Posted 02.28.2014 | Politics
Michael Shank

How should the US government institute supplemental national accounts that better reflect the well-being of the nation? The question stems from a central premise that new comprehensive indicators would lead to better-informed policymaking, and, in turn, genuine advances in the nation's prosperity.

A $1.9 Trillion Christmas Present

Preeti Vissa | Posted 02.19.2014 | Politics
Preeti Vissa

Racial inequity didn't just happen; it was a result of deliberate choices. We can reduce and eventually end this inequity by making different choices.

Paying It Forward Is Sustainable Economic Growth

Harlan Green | Posted 02.07.2014 | Business
Harlan Green

The Fed has said it wouldn't begin to boost interest rates until sustainable economic growth was achieved. However, no one has actually defined what ...

Even the Shutdown Can't Kill Old Republican Fallacies

Anthony W. Orlando | Posted 01.23.2014 | Politics
Anthony W. Orlando

Since the government started collecting economic data around World War II, we have accumulated plenty of evidence to measure each party's success at "dealing with the economy" -- and none of it makes Republicans look good.

Gas Prices: Should They Continue to Rise?

Emmanuel I.S. Ajuzie | Posted 01.23.2014 | Business
Emmanuel I.S. Ajuzie

No other commodity has that type of influence on our economy and the economy of the world. If that is true, the question then is why do we treat it in the same manner we treat other commodities with less simultaneous pronounced effect on both domestic and global economy?

Something Strange Just Happened To The Global Economy

Quartz | David Yanofsky | Posted 08.29.2013 | Business

Quartz: For the first time ever, the combined gross domestic product of emerging and developing markets, adjusted for purchasing price parity, ...

GDP Growth and Diminishing Returns

Bill Chameides | Posted 09.08.2013 | Green
Bill Chameides

Tighten your belts. A new paper suggests the optimum gross domestic product (GDP) may be only $7,000 per person.

Fed Driven

Michael Farr | Posted 06.20.2013 | Business
Michael Farr

As the government's role as economic hall monitor is debated and global markets and foreign economies adjust to their own challenges, our focus is on investing in the old-fashioned companies with strong balance sheets, increasing earnings, strong cash flow, and seasoned management teams.

What Trans-Pacific and U.S.-EU Trade Partnerships Must Tackle: Jobs

Michael Shank | Posted 06.13.2013 | World
Michael Shank

The United States is one of the advanced countries in which the gap between the highest and the lowest wages is largest. While we've heard this before, the gap is getting worse.

Social Security Isn't Dead

Harlan Green | Posted 08.03.2013 | Business
Harlan Green

Social Security isn't dead, or even dying in spite of the prediction by the Social Security Trustees that it will no longer be able to pay full benefi...

Why GDP Growth Won't Fix Our Poverty Problem

Michael Shank | Posted 04.30.2013 | World
Michael Shank

The financial institutions' focus on generating economic growth without ensuring the concomitant increase in jobs, and the inequality this generates, is partly to blame for the waning public support for global economic integration.

The Verdict Is In: GOP Austerity Proposals Are Toxic for Our Economy

Robert Creamer | Posted 04.02.2013 | Politics
Robert Creamer

Whatever the reason, it doesn't take a rocket scientist to understand that if government spending drops, there will be less overall demand in the economy and fewer goods and services will be produced. But Republicans simply won't admit that is true.

Mark Gongloff

Shrinking GDP Doesn't Signal Recession, But Consider Yourself Warned

HuffingtonPost.com | Mark Gongloff | Posted 01.30.2013 | Business

Yes, U.S. gross domestic product shrank in the fourth quarter of 2012. No, it doesn't mean there was a recession. But simply avoiding a recession i...

Raising Taxes On The Wealthy Might Not Be Such A Bad Idea

Reuters | Posted 01.08.2013 | Business

WASHINGTON, Nov 8 (Reuters) - Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much in 2013 if Congress e...

Katherine Brooks

What Is The Economic Value Of Art?

HuffingtonPost.com | Katherine Brooks | Posted 10.31.2012 | Arts

Nobody puts the Arts sector in a corner. That's pretty much what the National Endowment of Arts said when they announced their partnership with the Bu...

Third Quarter GDP Report: Economy Picks up a Bit, But Just a Bit

Jared Bernstein | Posted 12.26.2012 | Business
Jared Bernstein

The nation's economy expanded at an annual rate of 2 percent last quarter, according to this morning's GDP report. That's faster than last quarter's 1.3 percent and a bit above what most analysts were expecting, so that's good. But it's also just trend growth -- 2 percent is about what it takes to keep the job market pretty much where it is. I could easily write the campaign press releases: Romney/Ryan: growth too slow! Obama/Biden: 13th quarter of expansion, growth picked up from last quarter, no time to change horses (I'd add: especially when the other horse wants to run hard in the wrong direction).

The Big Business Of Cross-Border Crime

Reuters | Posted 09.15.2012 | Business

VIENNA, July 16 (Reuters) - Turnover of cross-border organised crime is about $870 billion a year, more than six times the total of off...

Complementarianism: Religion, Women's Work and the Economy

Soraya Chemaly | Posted 08.19.2012 | Politics
Soraya Chemaly

Last week, Rick Santorum, a man more Catholic than the Pope, in an appeal to fundamentalist, Protestant evangelical voters, said of Mitt Romney, a com...

Eurozone's Economy 'Not Likely To Recover Any Time Soon'

Reuters | Posted 07.14.2012 | Business

* Euro zone GDP stable at 0.0 pct change in Q1 from Q4 2011 * Germany surprises with 0.5 percent growth in Q1 * French g...

One Sign The Recovery May Be Stumbling

AP | PAUL WISEMAN and CHRISTOPHER S. RUGABER | Posted 06.27.2012 | Business

WASHINGTON — Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a ...

Crime Actually Does Pay

Reuters | Posted 06.23.2012 | Business

* Criminal business one of the world's largest - U.N. * Threatens international development goals * Crime groups showing...

Shocking Amount Americans Spent On Plastic Surgery In 2011

The Huffington Post | Ron Dicker | Posted 04.18.2012 | Money

Call it the new Reconstruction era. Americans spent $10.4 billion on cosmetic surgery in 2011. That's more than the gross domestic product of nations ...

African Country's New Plan To Fight Social Inequality

Reuters | Posted 06.09.2012 | Business

* Budget amendment extends reach of tax in 2012 * Funds to help develop poor areas to stem discontent * Two rates, depen...

Casino Industry Accounts For Significant Slice Of U.S. Economy: Study

The Huffington Post | Ron Dicker | Posted 02.08.2012 | Business

As the U.S. economy sagged, gambling was there to try and prop it up. At least that's the finding of the American Gaming Association. The trade ass...