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Keyword: economicgrowth

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  • Krugman: Wrong on Taxes, Wrong on Kansas

    07/14/2014 2:41:40 PM PDT · by ThethoughtsofGreg · 6 replies
    American Legislator ^ | 7-11-14 | Will Freeland
    New York Times columnist Paul Krugman recently used his weekly column to take aim at pro-growth tax reform and the Rich States, Poor States ALEC-Laffer State Economic Competitiveness Index. Krugman pulled no punches while dismissing the pro-growth impact of tax reform—Kansas’ recent tax reform specifically—seeing it fit to call those he disagrees with “charlatans and cranks.” Issues of projection by Krugman aside, he is wrong on the economic evidence for tax reform and wrong on Kansas. His errors, omissions, and innuendo in the place of facts warrants correction. First and most broadly, Krugman is wrong on the economic evidence analyzing...
  • How Obamacare Is Constricting the Economy

    07/06/2014 3:30:16 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | July 6, 2014 | Kevin Glass
    While the Bureau of Labor Statistics' jobs report this week contained mostly good news, our economic statistics have been shaky over the past few months. A major downward revision to economic gowth has a report showing that the economy contracted by almost 3% last quarter. It's possible that Obamacare is holding back the economy. Jared Meyer, policy analyst at Economics 21, wrote about how Obamacare's hurting economic growth: The Employer Mandate. The Act originally required businesses with over 49 full-time equivalent employees to offer insurance that met government requirements by January 1, 2014, but President Obama has delayed the mandate....
  • Thomas Piketty Wants Income Equality -- And the Hell With Growth

    04/29/2014 4:48:00 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | April 29, 2014 | Michael Barone
    French economist Thomas Piketty's book "Capitalism in the Twenty-First Century" has been inspiring a lot of comment and controversy. The English translation published last month zipped to No. 1 on amazon.com. It has given a lift to economists on the Left who have cheered on Barack Obama's flagging attempts to make income inequality a voting issue. They have hailed it as "truly superb" and "extraordinarily important." Others, not all on the Right, have taken a jaundiced view. "All wrong" was the verdict of one. "The main argument is based on two (false) claims," concluded another. Piketty's title echoes Karl Marx's...
  • China’s Common Core

    02/18/2014 7:37:13 AM PST · by Academiadotorg · 2 replies
    Accuracy in Academia ^ | February 18, 2014 | Spencer Irvine
    <p>Although we often hear about how China is in hot economic competition with the U. S., we don’t hear as frequently how eerily similar their education system is to ours. “The Chinese government has always been concerned about being outmaneuvered” by its opponents and as a result, their history books are “not even 5% correct” and “children grow up with a certain view of the world and of China,” author Timothy Beardson said at the Cato Institute on February 6, 2014.</p>
  • BEN BERNANKE'S FOLLY

    09/19/2013 8:17:02 AM PDT · by SatinDoll · 26 replies
    The Market-ticker ^ | Sept. 9, 2013 | Karl Denninger
    This much has been determined yesterday -- The Fed could not handle a 2.8% 10 year Treasury rate. Nor could it handle any further increases. But consideration of the impact of this policy on the common man, along with the destruction of purchasing power and outright theft from the people who produce the services (and few goods remaining) in this nation was damned -- exactly as has been the case for the last three decades. What Bernanke did yesterday was guarantee a crash. He guaranteed it because he took what was a clear opportunity to take what had been priced...
  • During The Best Period Of Economic Growth In US History, There Was No Income Tax, No Federal Reserve

    08/09/2013 7:34:40 AM PDT · by SeekAndFind · 17 replies
    TEC ^ | 08/09/2013 | Michael Snyder
    How would America ever survive without the central planners in the Obama administration and at the Federal Reserve? What in the world would we do if there was no income tax and no IRS? Could the U.S. economy possibly keep from collapsing under such circumstances? The mainstream media would have us believe that unless we have someone "to pull the levers" our economy would descend into utter chaos, but the truth is that the best period of economic growth in U.S. history occurred during a time when there was no income tax and no Federal Reserve. Between the Civil War...
  • 1%: Average Annual Economic Growth Under Obama

    07/31/2013 12:00:43 PM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 31, 2013 - 11:39 AM | Terence P. Jeffrey
    In the 21st century, during the presidencies of George W. Bush and Barack Obama, the U.S. economy has not shown the ability to grow that it did in the last two decades of the 20th century, according to data released by the Bureau of Economic Analysis. In fact, real average annual economic growth has been nearly cut in half so far this century compared to the last two decades of the last century; and specifically during President Obama’s time in office it has dropped to an average of just over 1 percent. …
  • The Obama Economy's Lowered Expectations

    07/26/2013 3:52:00 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | July 26, 2013 | Donald Lambro
    In the sixth year of Barack Obama's presidency, America's job-starved economy remains weak, insecure and undernourished. That's not the economic picture reported on the nightly network news, where anchors report only "good" numbers and ignore bad ones. But the painful reality is that the economy is slowing down, even from its widely acknowledged anemic levels. The economic growth rate (as measured by the Gross Domestic Product) has fallen, and many economists have lowered their GDP forecasts to a snail's pace 1.5 percent annualized rate of growth for the past three months. Some say it's slowed to less than 1 percent....
  • A Mirage Called the Stock Market

    06/06/2013 9:07:33 AM PDT · by abbyjoseph · 9 replies
    Profit Confidential ^ | 3rd june | Michael Lombardi
    While an economic slowdown is looming over the global economy, no one seems to care, as stock markets continue to reach new record-highs—giving investors false hopes of economic growth. But how long can this mirage actually last? The economic slowdown in the global economy I’m talking about is a worldwide pullback in growth. Take India as the first example. According to India’s Central Statistics Office, the Indian economy is growing at five percent—its slowest pace in a decade! The director general of the Confederation of Indian Industry was quoted late last week as saying, “With no visible pick-up in any...
  • Red States Beat Blue States On Jobs, Growth

    05/23/2013 5:09:57 AM PDT · by IBD editorial writer · 12 replies
    Investor's Business Daily ^ | 05/23/2013 | John Merline
    Texas outperformed every other state in the nation on jobs and growth over the past decade, according to the latest annual report on state economic performance released Thursday by the American Legislative Exchange Council. Michigan came in dead last. The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011. The ALEC report also finds that Utah has the best economic outlook this year, and Vermont the worst.
  • Black Leaders Open Fire on Obama Over Unemployment

    03/29/2013 1:06:09 PM PDT · by Kaslin · 72 replies
    Townhall.com ^ | March 29, 2013 | Donald Lambro
    WASHINGTON - Barack Obama's failed job policies are facing bitter criticism from African-American leaders who say black unemployment has grown worse under his presidency. After four years of holding their tongues and remaining quiet in the face of sharply rising black unemployment and record poverty, political leaders from the Congressional Black Caucus to the NAACP have begun to open fire on the White House. Obama won 96 percent of the black vote in 2008 and about the same percentage in 2012, despite a worsening jobless crisis among African-Americans. At 14 percent for adults and 43.1 percent for 16-to-19-year-old teenagers, blacks...
  • New Census Data Show People Go Where the Money Is

    03/25/2013 9:18:45 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | March 25, 2013 | Michael Barone
    What parts of America have been growing during these years of sluggish economic growth? Answers come from comparing the Census Bureau's just-released estimates of metropolitan area populations in July 2012 with the results of the Census conducted in 2010. The focus here is on the 51 metro areas with populations of more than 1 million where 55 percent of Americans live, most of them of course not in central cities but in suburbs and exurbs. Two growth champs stick out -- Austin and Raleigh. A half-century ago, neither of them amounted to much. The counties now in metro Austin had...
  • GOP Must Launch Reality Offensive

    03/15/2013 6:25:10 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | March 15, 2013 | David Limbaugh
    How can anyone take President Obama seriously when he tells us our national debt is no big deal? Well, we have to take him seriously, because, unserious thinking or not, he has serious power, including the power to obstruct progress on reducing the debt. I'm not making this up, of course, which is too bad because it illustrates why it is so hard for Republicans to work with this man. He neither views the fiscal world from the same lens nor shares the goal of significant debt reduction. In an interview with ABC News' George Stephanopoulos, Obama said, "We don't...
  • Will Obama Reluctantly Buy Into Base-Broadening Tax Reforms That Also Lower the Rates?

    03/08/2013 2:42:16 PM PST · by Kaslin · 10 replies
    Townhall.com ^ | March 8, 2013 | Donald Lambro
    WASHINGTON - President Obama has been pleading with House Republican leaders lately to raise government revenues by overhauling the tax code to erase loopholes and other income exemptions. It wasn't an idea he campaigned on last year, though the chairmen of his deficit reduction commission proposed doing just that in a report he shelved. But they also wanted to use the higher revenues to offset lowering the tax rates in order to boost economic growth, jobs and investment, which in turn would boost tax revenues and reduce the deficits. But cutting tax rates doesn't play well with Democratic voters or...
  • Recovery Leaves One Red State With the Blues

    03/08/2013 10:49:00 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | March 8, 2013 | Matt Towery
    Being a native of Atlanta, I always resented media depictions and popular culture images of Georgia as a state where everyone wore overalls, had three teeth in their head, and liberally used terms like "ain't" and "gonna" in their daily vocabulary. The problem is when reality programs like "Here Comes Honey Boo Boo" depict exactly that, well, it starts to become a losing battle. In the past, I would have written how metropolitan Atlanta has a population of nearly 6 million, many of whom are from somewhere other than Georgia. I would have noted that race relations in the state...
  • Spending Cuts May Be Answer to Slow Economic Growth

    03/07/2013 5:54:11 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | March 7, 2013 | Michael Barone
    The Dow set a new high on Tuesday, but the larger economy is a different story. What if today's sluggish economic growth turns out to be the new normal? That's the unsettling question asked by some of our most creative economic thinkers. And the people asking it are not necessarily partisan opponents of the Obama administration. They argue that economic growth rates were disappointing even before the financial collapse and recession of 2007-09. Take Tyler Cowen, author of the e-book (belatedly published in print) "The Great Stagnation." Economic growth is the product of increases in the labor supply and...
  • Fewer Dollars and Babies Threaten Social Programs

    02/04/2013 4:19:45 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 4, 2013 | Michael Barone
    Our major public policies are based on the assumption that America will continue to enjoy growth. Economic growth and population growth. Through most of our history, this assumption has proved to be correct. These days, not so much. Last week, the Commerce Department announced that the gross domestic product shrunk by 0.1 percent in the fourth quarter of 2012. And the Census Bureau reported that the U.S. birth rate in 2011 was 63.2 per 1,000 women age 15 to 44, the lowest ever recorded. Slow economic growth and low population growth threaten to undermine entitlement programs like Social Security and...
  • Does Poverty Still Matter?

    01/25/2013 4:12:56 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | January 25, 2013 | Mona Charen
    The Republican Party is picking up the pieces. Speaking of the ticket's loss for the first time since the election, Rep. Paul Ryan noted that many voters "don't think or know that we have good ideas" on fighting poverty and "helping people move up the ladder of life." It's not surprising that Ryan, who got his start working for Jack Kemp and William Bennett at Empower America, sees the world this way. Though it's a total secret to members of the press and the Democratic Party, conservative intellectuals have been grappling with the problems of poverty in America for several...
  • Detached From Reality

    01/07/2013 5:40:53 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | January 7, 2013 | Star Parker
    Here’s two ways to think about the “fiscal cliff” deal that just took place in Washington. You are sitting at dinner and television is on, broadcasting the news. There is one story after another about things you don’t want to hear. Recession. Unemployment. You walk over to the TV, turn it off – or switch to a sitcom or sporting event - and sit back down to finish your meal in peace. Or a more personal version. You take your mail out of the mailbox and see the bills that are due. Without opening the envelopes, you throw them into...
  • Mr. President, the Fiscal Cliff Deal Was Not “the Right Thing to do For Our Country”

    01/03/2013 9:12:57 PM PST · by Kaslin · 4 replies
    Townhall.com ^ | January 3, 2012 | Donald Lambro
    WASHINGTON - Let's be clear what the "fiscal cliff" deal does and doesn't do. It permanently preserves the bulk of George W. Bush's tax cuts for most Americans, but it does not offer desperately needed new incentives to revive a weak economy and jobless labor market. On the contrary, the 11th hour compromise is marred by higher taxes that will hinder further growth, cost hundreds of thousands of jobs, and make life even tougher for many Americans barely surviving paycheck to paycheck. This deal, which elicited effusive praise from Obama in the wee hours of New Year's Day, would increase...
  • How to Stick it to Greedy Capitalists

    12/17/2012 5:59:44 AM PST · by econjack · 4 replies
    Daily Wealth ^ | 12/17/2012 | Dr. Steve Sjuggerud Dr. Steve Sjuggerud
    Governments in Europe and the U.S. have decided that bankers and investors need to be attacked... Last week, the European Union reached a deal with lawmakers to cap banker bonuses at twice their salaries. And we know that U.S. lawmakers plan to dramatically increase taxes on investors – by increasing taxes on dividends and capital gains. You've got to PUNISH those greedy bankers and investors... right? What good are they, right? But is that right? Consider this: Japan's government is going the opposite way... Japan's government is – God forbid – encouraging investment. Can you imagine such a thing?
  • Obama Economy “Is Still In A Giant Hole

    10/31/2012 10:37:26 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | October 31, 2012 | Donald Lambro
    WASHINGTON - The bleak truth about the comatose Obama economy is not just that it's barely breathing, but that it's still not far from another recession. President Obama's campaign bid for another four years is loosely based on the preposterous claim the economy is "moving forward." In fact, it's been falling backward or at least treading water on a number of fronts, and economic forecasters say it will weaken further under his policies, if he is re-elected. Economists predict yet another weak jobs figure Friday that may push the unemployment rate up a bit, reminding undecided voters and even jittery...
  • Restoring the Last Best Hope of Earth

    10/25/2012 5:08:11 AM PDT · by Aspenhuskerette · 4 replies
    The Aspen Times ^ | October 25, 2012 | Melanie Sturm
    During the Civil War, when the union's preservation and slavery's abolition were in doubt, President Lincoln roused the nation with his dream “of a place and a time where America will once again be seen as the last best hope of earth.” In rekindling our founders' vision, Lincoln helped assure that America would become the freest and most prosperous nation on earth, a status that successive U.S. presidents have dutifully maintained, or they were cast aside by voters. As Americans Think Again about President Obama, consider that no president has won re-election amid such economic stagnation, declining incomes, high gas...
  • Despite Convention Distractions, It's Still All About the Economy

    09/07/2012 12:52:46 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | September 7, 2012 | Scott Rasmussen
    Mercifully, the political conventions have ended. The political press will keep buzzing over whether Clint Eastwood's unconventional speech helped or hurt Mitt Romney and whether the snafu over Israel and God in the Democratic platform will do any lasting damage to President Obama. Republican reporters will think former President Clinton talked too long, and Democrats will note that New Jersey Gov. Chris Christie talked more about himself than about Romney. But they are missing the point. The campaign is about what's happening in America, not what the politicians are saying. At the beginning of 2012, it was easy to note...
  • Show Germany the Way, Obama

    05/31/2012 6:42:08 AM PDT · by Aspenhuskerette · 6 replies
    The Aspen Times ^ | May 31, 2012 | Charlie Leonard
    On Tuesday, it was reported that the Obama administration sent one of its top Treasury officials to Europe to tell government officials there that they need to take decisive actions now to solve their fiscal problems or risk causing another global economic crisis. In a statement announcing the trip, the Treasury Department said the U.S. official “will meet with senior government officials in each country to discuss their plans for achieving economic stability and growth in Europe.” No additional details were provided. Can you imagine how those talks are going? “President Obama asked me to tell you that he really...
  • What if the austerity measures and balancing budget won't work? The worst may be still on the way...

    05/07/2012 6:16:02 AM PDT · by se99tp · 8 replies
    Christian Concepts Daily ^ | May 7th, 2012 | Norman Bailey, Alexander Mirtchev
    Other than the stock market crash of 1987, which was seen at the time as the harbinger of another great depression, the worst was avoided due to excellent Federal Reserve policies directed specifically at market psychology. The effectiveness of the Fed aside, it should be noted that the short and medium cycles did not coincide during that period. After the mid-point of the decade of 2000, they did, so that a long-wave theorist could hypothesize that the collapse phase of the long wave was delayed by about a decade, when the three cycles did, in fact, coincide. The confluence of...
  • China, Marx, USA or Scandinavia?

    03/24/2012 6:40:20 AM PDT · by WesternCulture · 18 replies · 1+ views
    03/24/2012 | WesternCulture
    Everyone knows the US today is the single most powerful nation on Earth and corners of Europe like Switzerland, Scandinavia and Luxemburg are the richest (yes, Qatar is pretty rich too). But what part, if any, will lead the World in say 200 years from now? Marxists claim the US is heading for a fall. Perhaps it is, but don't expect North Korea or Cuba to take its place. Hundreds of times, I've been telling members of this forum what is right about Scandinavia. We dare to stand up for freedom of speech, we dare to fight Islamofascism, we dare...
  • Melanie Sturm: Think Again (Is the Buffett Rule Fair or a Farce?)

    03/01/2012 5:48:33 AM PST · by Aspenhuskerette · 7 replies
    The Aspen Times ^ | March 1, 2012 | Melanie Sturm
    “The higher up in the tree the monkey goes, the more of his backside that shows,” goes the maxim. It would be hard to climb higher than Warren Buffett, the world's most celebrated investor. However, as the namesake of the Buffett Rule that imposes higher tax rates on the wealthy, Buffett and his backside dangle precariously “out on a limb.” Residing atop Buffett's tree is New Jersey Gov. Chris Christie, known to deliver the best rhetorical broadside, probably because of his broad backside. Last week, Christie buffeted Buffett, forcing him to Think Again. After two years of traumatic budget austerity,...
  • 11/29/2011: Good news from Germany and Sweden

    11/29/2011 11:49:29 AM PST · by WesternCulture · 19 replies
    11/29/2011 | WesternCulture
    To begin with, congrats to the US on nice Black Friday shopping statistics! Maybe, the World economy is facing a brighter future despite Obama and the horrid mess of Southern Europe. Over here, in the midst of the Euro crises, it seems Northern Europe is doing pretty well. Especially Germany and my Sweden that is, if we are to believe the most recent statistics, delivered today on the 29th of November. BGA, the Federation of German Wholesale, Foreign Trade and Services, seated in the German capital of Berlin, today announced that it estimates German exports to grow by 12% in...
  • 9 Responses To 9 False Attacks On The 9-9-9 Plan

    11/11/2011 6:26:20 PM PST · by goldstategop · 44 replies
    Herman Cain Newsroom ^ | 10/31/2011 | Herman Cain
    Do you know why candidates for office tend to be reluctant to propose detailed plans? Because they know the plans will be flyspecked and picked apart by just about everyone. Inviting criticism doesn’t help you to get votes. But fear of criticism prevents you from conceiving solutions to problems. So even if avoidance of criticism helps in propelling you to an election victory, how are you supposed to effectively govern? How are you supposed to fix the problems you told everyone you were going to fix? That’s why I’m happy to see so much criticism of the 9-9-9 plan I’ve...
  • Praise for Rick Perry’s "Cut, Balance & Grow" Plan

    10/26/2011 3:44:25 PM PDT · by casinva · 18 replies
    rickperry.org ^ | October 26, 2011 | Various
    Praise for Rick Perry’s "Cut, Balance & Grow" Plan See the various comments from people we pay attention to. ________________________________________ “Rick Perry announced his tax plan today, which I’ll go on record as saying I, El Rushbo, think is great. It’s fabulous. I like it. … This is why a lot of people are going to like it. It is a return to fiscal sanity.” Rush Limbaugh on “The Rush Limbaugh Show,” 10/25/11 “This program he’s come up with is a great program, this tax plan. … Perry has come up with one hell of a proposal.” Mark Levin on...
  • Republicans can learn from Mitch Daniels and Paul Ryan when they talk about upward mobility

    09/26/2011 2:59:40 PM PDT · by rzman21 · 7 replies
    ConservativeHome ^ | September 26, 2011 | Ryan Streeter
    Yesterday on CNN’s State of the Union, Indiana Governor Mitch Daniels said the following about the current GOP presidential field: I don't think they're yet talking about the things…that have a lot of zeros attached to them, the ones that are threatening to kill not just an economy but the entire idea of America, the idea of upward mobility from the bottom and tomorrow is better than today…I'll tell you what's bothering me a little bit [is] the president is clearly in very desperate political shape. And it seems more clear every day. And I worry a little bit, ironically,...
  • Economists cut growth forecasts for 2011 and 2012

    09/13/2011 7:47:41 AM PDT · by Qbert · 5 replies
    AP via Yahoo Finance ^ | September 12, 2011 | Martin Crutsinger
    WASHINGTON (AP) -- Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year. In their latest forecast, top economists with the National Association for Business Economics predict that the economy will grow 1.7 percent this year -- down from the group's May prediction of 2.8 percent expansion. For 2012, the group is forecasting growth of 2.3 percent, compared to a May forecast of 3.2 percent growth. [Snip] The survey was done before President Barack Obama appeared before Congress on Thursday to unveil a new $447 billion plan to...
  • Will Obama Be First Post-WW-II Prez to Never See Any Quarter With 4% Economic Growth?

    08/31/2011 8:35:25 AM PDT · by Justaham · 13 replies
    cnsnews.com ^ | 8-31-11 | Terrence Jeffrey
    Will Barack Obama become the first president in the post-World War II era during whose term real gross domestic product never grew in any quarter at an annual rate greater than 4 percent? With less than optimistic recent forecasts from the Federal Reserve System's Federal Open Market Committee and the Congressional Budget Office, it now seems like a very real possibility. Having been inaugurated in January 2009, Obama has served as president in 10 quarters. Without doubt, he came into office in a severe recession. In three of the quarters of 2008, according to the U.S. Bureau of Economic Analysis,...
  • June Jobs, Unemployment Numbers Announced For State [Wisconsin] [PDF file]

    07/21/2011 11:07:49 AM PDT · by Hunton Peck · 2 replies
    Wisconsin Department of Workforce Development ^ | Thursday, July 21, 2011 | John Dipko, Communications Director
    Gain of 12,900 private-sector jobs is largest one-month gain since September 2003 MADISON – Department of Workforce Development (DWD) Secretary Scott Baumbach announced today preliminary state jobs and unemployment data for the month of June 2011 that show the Wisconsin employment picture continues to brighten. “Wisconsin has added 39,300 private-sector jobs since Governor Walker declared Wisconsin open for business,” Secretary Baumbach said. “Jobseekers and employers alike are reaping the economic benefits of the business-friendly environment that Governor Walker is advancing, and we encourage jobseekers to keep pursuing these new employment opportunities.” The latest preliminary estimates show a net gain of...
  • The Cost of US Overregulation

    06/14/2011 5:36:50 AM PDT · by econjack · 2 replies
    Daily Wealth ^ | 6/14/2011 | Chris Weber
    How the U.S. Gov't Is Choking Off Access to Traditional Safe Havens By Chris Weber, editor, The Weber Global Opportunities Report Tuesday, June 14, 2011 Everywhere I go in the financial world in Europe, I hear the same thing: The U.S. is shooting itself in the face. The problem is the regulations the U.S. now insists every nation impose on U.S. companies or people seeking to do business or lower their taxes. For instance, there are two Swiss cantons that are using low corporate taxes to lure companies to place their headquarters there. The more famous one is Zug, but...
  • Germany arises anew!

    05/20/2011 11:30:45 AM PDT · by WesternCulture · 37 replies
    http://www.wmctv.com ^ | 05/13/2011 | GEIR MOULSON
    BERLIN (AP) - The German economy, Europe's biggest, grew by an unexpectedly strong 1.5 percent in the first quarter as investment and spending at home combined with already-buoyant exports, official figures showed Friday. The quarterly rise was above economists' forecasts for 1 percent and nearly four times the 0.4 percent growth recorded in the last three months of last year, when economic activity was hindered by harsh winter weather. The January-March figure was the strongest since a 2.1 percent spurt in last year's second quarter, when the German economy was just emerging from a savage recession. Following the robust first...
  • Chile: Lessons from Land of 15% Growth

    05/06/2011 6:29:11 AM PDT · by SeekAndFind · 14 replies
    Economics: As the U.S. languishes, Chile posted a head-turning 15.2% yearly gain in GDP in March, and forecasts for the year are rising. Why can't we do that here? A year ago, Chile lay in rubble, victim of the world's fifth most powerful earthquake. So Chile's 15.2% growth is a big bounce from a bad setback. But it shouldn't be dismissed as an anomaly. It's a showy number, but not the only one. The same day Chile released its data, Goldman Sachs raised its 2011 growth forecast for the country to 6.4% from 6%. In its annual regional business index,...
  • We Must End Our “Addiction To Economic Growth”

    04/20/2011 1:28:05 PM PDT · by library user · 19 replies
    Say Anything ^ | April 20, 2011 | Staff
    A quick taste of what the modern environmentalist movement actually believes, courtesy of the Energy Action Coalition’s Power Shift 2011 conference which took place recently in Washington DC featuring Van Jones, Nancy Pelosi and other speakers. It’s really amazing how many of these leftist movements – green movements, labor movements, etc. – feature followers who are almost cultists. They aren’t independent thinkers. They really don’t know a whole lot about the topic they’re activists for. They get together en masse to cheer on hip, charismatic leaders but often can’t answer even the most basic of questions about the policies and...
  • The Stimulus, Not Oil Prices, Is Hammering Consumers

    02/23/2011 8:14:31 AM PST · by JohnRLott · 8 replies
    Fox News ^ | February 23, 2011 | John R. Lott Jr.
    .S. crude oil prices soared by 8.5 percent Tuesday, stunning financial markets. The financial media fretted that the oil price shock from the Middle East turmoil would slow or stop the fragile economic recovery. Crude oil prices soared even though gas prices at the pump are already the highest in any February since 1990. The reaction was swift, with the Dow Jones Industrial Average falling more than 178 points (1.4 percent) and NASDAQ and S&P 500 both also falling by more than 2 percent. This morning, with Libya teetering on the brink of civil war, gas prices continued rising. While...
  • Why do large parts of the US and European economy refuse to grow?

    11/03/2010 8:36:53 PM PDT · by WesternCulture · 21 replies
    2010/11/04 | WesternCulture
    Let's face it. We Westerners and our allies can afford nice cars or at least plenty of cars, Chinese made jacuzzis and nice furniture - but we actually produce lesser and lesser amounts of the goods we purchase. Wall Street, London and Frankfurt owns a lot, yes, but is that equal to putting Western capital to work? Furthermore, who actually owns all of this wealth that places like Inner London bathe in? What does Germany, USA and the rest of the Western World of today manufacture that is unique and selling? Not much really. Some luxury cars, yes. Even if...
  • Remarks by President Obama and President Medvedev of Russia at the U.S.-Russia Business Summit

    06/25/2010 3:42:17 AM PDT · by Cindy · 19 replies
    Whitehouse.gov ^ | June 24, 2010 | n/a
    NOTE The following text is a quote: www.whitehouse.gov/the-press-office/remarks-president-obama-and-president-medvedev-russia-us-russia-business-summit Home • Briefing Room • Speeches & Remarks The White House Office of the Press Secretary For Immediate Release June 24, 2010 Remarks by President Obama and President Medvedev of Russia at the U.S.-Russia Business Summit U.S. Chamber of Commerce, Washington, D.C. 3:08 P.M. EDT PRESIDENT OBAMA: Well, good afternoon, everybody. It is a pleasure to be here with my friend and partner, President Medvedev, and I want to thank him again for his leadership, especially his vision for an innovative Russia that’s modernizing its economy, including deeper economic ties between our...
  • Hillary: Brazil Growing Like Crazy

    05/29/2010 3:31:56 AM PDT · by Scanian · 10 replies · 638+ views
    The American Thinker ^ | May 28, 2010 | Gene Schwimmer
    What's rapid economic growth to a Democrat? Or truth? Or fairness? Hillary Clinton gave us pretty good indication of all three on May 27th, when she said: "The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] - whether it's individual, corporate or whatever [form of] taxation forms." She then went on to cite Brazil as a paragon of economic growth - and taxation: "Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what - they're growing like crazy." But, as with any "fact" a...
  • Poland's Economic Architect Will Be Missed

    04/17/2010 9:18:15 AM PDT · by ThomasHart · 169+ views
    Fox News ^ | April 17, 2010 | John R. Lott Jr.
    Among the Polish leaders lost in the plane crash in Russia last weekend was Slawomir Skrzypek, head of the National Bank of Poland. Skrzypek was the architect behind the scenes of what has been Poland’s economic success over the last couple of years. Americans know all too well the effects of the big drop in economic growth we suffered last year. That same fate has befallen virtually all of Europe. While Europe’s GDP has fallen by 2.2 percent over the last year, Poland’s grew by 3.1 percent. It is quite a feat for a country's economy to grow while its...
  • Drilling Ban To Cost Trillions

    02/16/2010 4:16:12 PM PST · by Kaslin · 21 replies · 1,321+ views
    Investors.com ^ | February 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit. From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet. The study by Science Applications International Corp....
  • Israel's economic recovery accelerates (GDP grew 4.4% in the fourth quarter of 2009)

    02/16/2010 9:21:46 AM PST · by anotherview · 3 replies · 200+ views
    Globes ^ | 16 February 2010 | Adrian Filut
    Israel's economic recovery accelerates The Central Bureau of Statistics reported that GDP grew 4.4% in the fourth quarter of 2009. The Central Bureau of Statistics today reported that Israel's GDP grew by 4.4% at an annual rate in the fourth quarter of 2009. GDP grew on a seasonally adjusted basis by 2.9% at an annual rate in the second half of last year, after a 1.6% fall in GDP at an annual rate in the first half of 2009. The 4.4% rise in GDP in the fourth quarter of 2009 followed a 3% rise in GDP in the third quarter...
  • Germany's Merkel Aims for Quick Coalition Deal(Tax cuts prominent in election)

    09/28/2009 7:03:15 AM PDT · by mtrott · 6 replies · 275+ views
    CNBC/Reuters ^ | 9/28/2009 | Reuters
    German Chancellor Angela Merkel's conservatives vowed on Monday to seal a coalition deal, including tax cuts, with the pro-business Free Democrats (FDP) within a month after Sunday's election victory. Merkel's conservatives won a parliamentary majority with the FDP, her partner of choice, enabling her to end her awkward four-year-old partnership with the Social Democrats (SPD). "Considering the strength of the junior partner, (the ideas) of that party will penetrate negotiations. That includes the simplification of the income tax system as well as tax relief," said Heino Ruland of Ruland Research in a note.
  • THE EMPIRICAL EVIDENCE AGAINST BIG GOVERNMENT

    09/16/2009 5:38:51 PM PDT · by TheFreedomPoster · 1 replies · 209+ views
    THE FREEDOM POST ^ | September 16, 2009 | The Capitalist
    VIDEO: Yesterday, The Center for Freedom and Prosperity Foundation (CF&P) released a video on the empirical relationship between the size of government and economic growth. Entitled "The Empirical Evidence Against Big Government," the educational video comes at a crucial time as government spending rose rapidly during the Bush years and Obama is continuing the same failed policies.
  • S.Africa won't compromise economic growth to cut carbon emissions

    09/15/2009 1:32:26 PM PDT · by NormsRevenge · 9 replies · 326+ views
    AFP on Yahoo ^ | 9/15/09 | AFP
    JOHANNESBURG (AFP) – South Africa will not sign any deal that would compromise the country's economic development chances at the upcoming climate change conference in Copenhagen, the environment minister said Tuesday. "All negotiators are there to pursue national interests ... and South Africa is no different in this regard. If a deal is going to compromise our national interest we are not going to support it 100 percent," Buyelwa Sonjica told journalist. In the lead up to the crucial climate summit in December which hopes to thrash out a new climate treaty, Sonjica said it was unrealistic for developing countries...
  • The problem with not having kids

    02/24/2009 11:07:53 PM PST · by JLS · 50 replies · 1,596+ views
    McCleans.ca ^ | 24 February 2009 | Mark Steyn
    The problem with not having kids Saving the planet for the next generation by not having a next generation is a bad idea Anything happen while I was gone? Oh, yeah. The collapse of the global economy. Armageddon outta here. The ecopalypse is upon us. Down south, President Obama has abandoned the gaseous uplift of “the audacity of hope” and warns we’re on the brink of the abyss. In the old New Deal, FDR warned that “we have nothing to fear but fear itself.” For the new New Deal, President Hopeychangey says we have nothing but fear itself. Get used...