tagged w/ GDP
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The total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars, which is more than the entire GDP of the whole world.
According to the 2008 Financial Report of the United States Government, which is an official United States government report, the U.S. actually had a budget deficit of 5.1 trillion dollars in 2008The total liabilities of the United States government, including future social... more
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Here's an interesting op/ed article about why inflation might actually be necessary, even though thinking about it makes my skin crawl.Here's an interesting op/ed article about why inflation might actually be... more
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islek
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added this
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3 years ago
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Japan -- the world's second-largest economy -- is in a recession, government officials announced Monday.
Japan's Cabinet Office confirmed that its economy fell another 0.1 percent in its third quarter, following a 0.3 percent drop in the second quarter.
The country's Gross Domestic Product -- second to the United States -- has fallen by 0.4 percent this year.
Major indexes around the globe have plummeted over the last two months. The Russian stock market has lost 65.5 percent of its value since the start of the year. Stocks in Japan and the United States have been equally hard hit, falling 42 percent and 33 percent, respectively.
In Europe, the pain has been particularly acute. The European Union on Friday officially declared that the 15-nation group had entered into a recession, with its gross domestic product declining 0.2 percent for the second straight quarter.
Japan's recession announcement was not unexpected. Part of the problem is the strong yen, which skyrocketed in recent weeks as turmoil in the world's financial markets and concerns about a global recession drove investors away from high-yielding currencies such as the euro and the pound.
As a result, lower-yielding currencies like the dollar and the yen surged in value because they are considered by many investors to be a safe-haven.
Since Japan is such a big exporter of goods, a more robust yen hurts profits for Japanese firms as sales from abroad get translated back into yen. The more that the yen has climbed, the worse Japan's stock market has performed, which has resulted in a ripple effect on European and U.S. exchanges.Japan -- the world's second-largest economy -- is in a recession, government... more
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Declining GDP in the fourth quarter of this year and the first quarter of 2009 will bring the Canadian economy into an official recession, UBS predicted Monday.Declining GDP in the fourth quarter of this year and the first quarter of 2009 will... more
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The US economy grew at a revised 3.3% annually in the second quarter of 2008, the Commerce Department said, much higher than its first estimate of 1.9%.The US economy grew at a revised 3.3% annually in the second quarter of 2008, the... more
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Jamaica had the most gold medals per Capita. Zimbabwe had the most gold medals per GDP (but has a GDP of 0?!?). China had the most gold medals overall.Jamaica had the most gold medals per Capita. Zimbabwe had the most gold medals per GDP... more
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bshipp
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added this
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3 years ago
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The Gallup Organization and a health industry partner now offer a detailed daily measure of U.S. happiness and stress that you can look up on the Internet. They hope that it'll be as influential an indicator of national progress someday as the gross domestic product.The Gallup Organization and a health industry partner now offer a detailed daily... more
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lib
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added this
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3 years ago
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Here's a link to another interesting entry over at Strange Maps--this one, a map of US states, renamed for countries with similar GDPs. California? It's France now. Texas? It's Canada. Take a look.Here's a link to another interesting entry over at Strange Maps--this one, a map... more
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For the first time since the 19th century UK workers will, on average, have a greater income than their friends across the pond. It's not all bad news for the US, although they'll be earning less, their purchasing power will be greater as goods and services will still remain cheaper Stateside.
The results come courtesy of Oxford Economics, who's research states the UK's GDP will reach £23,000, just £250 more than the US. This UK position reflects the sustained strong growth that Britain has enjoyed since 1993 when the US was a whopping 34% lower than US.
Click the link to read up on a few more stats...For the first time since the 19th century UK workers will, on average, have a greater... more
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