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  • High GDP numbers for Q3?  We can thank Obamacare and forced consumer spending
    High GDP numbers for Q3? We can thank Obamacare and forced consumer spending
    On Dec. 23, the Bureau of Economic Affairs (BEA) issued their revised GDP numbers for the 3rd quarter of 2014. And while the overall aggregate of consumer spending was down for most of the reporting period, one revision in particular helped...
  • Steel Manufacturing
    Manufacturing industry sector growing beyond GDP
    According to the U. S. Department of Commerce (DOC), the manufacturing sector has added more than 700,000 jobs over the last four-and-a-half years and growing twice the rate of GDP. The idea of a career in this sector may not sound appealing to...
  • GDP and Space Jesus drop “Hash Money” EP
    GDP and Space Jesus drop 'Hash Money' EP
    New Jersey rap artist GDP has joined forces with Philadelphia electronic music producer Space Jesus to form the group "Hash Money". Stylized as “#$” the now Brooklyn, New York based duo released an EP of the same name that...
  • Police
    United Kingdom and Italy includes prostitution and illegal drugs in GDP
    Great amounts of money are spent on sex and illegal drugs every year around the world. United Kingdom and Italy decided to put a price on illegal activities and added it into their GDP.According the U.K.’s Office of National Statistics...
  • The Front Bottoms releasing split with rapper GDP.
    The Front Bottoms to release split with GDP
    Two of New Jersey's rising acts will join forces on an upcoming split. The acts in question? The Front Bottoms and GDP.According to Property Of Zack, The Front Bottoms dropped the big news at SXSW yesterday. No word on when this split will be...
  • Obama gives economic speech
    U.S. economy grows 3.6% in Q3
    On December 5, the Commerce Department released revised growth rates for the third quarter of 2013. The news that the annualized growth rate had increased from 2.8%, a rate that marginally exceeds population growth, to 3..6% a rate that, if...
  • This is the effect of GDP on life satisfaction.
    Researchers prove money does buy happiness
    Eugenio Proto from the Centre for Competitive Advantage in the Global Economy at the University of Warwick and Aldo Rustichini from the University of Minnesota presented new research in the Nov. 27, 2013, edition of the journal Public Library of...
  • BEA reports 2.8 percent GDP growth in 3rd quarter 2013
    White House warns recent GOP shutdown will harm 4th quarter GDP
    While the Bureau of Economic Analysis on Thursday in Washington, D.C. reported a preliminary 2.8 percent real gross domestic product (GDP) growth rate in the third quarter of 2013, White House Council of Economic Advisers (CEA) Chairman Jason...
  • Complete picture of economic sustainability
    Economy still moving forward
    Try as they might, the House Republicans and foolhardy Tea Party didn’t break the economy. It grew at 2.8% that is greater than the expected 2%. If some adjustments are made for the shutdown by subtracting a half percent, that will still be...
  • Secretary of State Condoleezza Rice addresses a summit on global aging March 15, 2007, at the State Department in Washington. The forum highlighted the challenges posed across the globe by an aging population.
    Booming economy means higher death rates for middle-aged and elderly
    Researchers from Leyden Academy on Vitality and Aging in the Netherlands published new research in the Oct. 7, 2013, edition of the British Medical Journal that indicates death rates for middle-aged and elderly people increase when a nation&rsquo...
  • National Debt clock
    Fudging the numbers
    There is an old axiom “Figures don’t lie but liars figure”. This phrase might as well be on Obama’s desk in place of Truman’s “The buck stops here” sign. The administration is faced with the problem of...
  • El "corralito" in Buenos Aires
    What can economic crises teach us?
    Five years ago, I found myself in Buenos Aires, Argentina on a long-awaited vacation to the South American country. The country has a very European flavor with some 97% of its population having Euro roots. Specifically, there is a concentration of...
  • A trader works on the floor of the New York Stock Exchange
    Sad GDP news lifts the market higher
    Today, the Dow Jones Industrial Average climbed 149.38 points, or up 1.02%. Once again, the stock market rallied on news that the U.S. economy is improving more slowly than previously had been thought. This time, according to the Commerce...
  • GDP
    First Quarter GDP Plunges to 1,8%
    The first report on the GDP for the first quarter of 2013, was 2.5%. That was revised slightly to 2.4% and the final tally has dropped to 1.8%. To say this is bad news is an understatement. Every sector fell with the exception of new homes and the...
  • New York Stock Exchange
    The Underground Economy: Bad or Good for Business?
    CNBC reported that a growing underground economy, which is made up of people that are paid under the table and who can't find a full-time or regular job, may be helping to prevent the economy from sinking, even though this segment of the...