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Keyword: stagnation

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  • The Debate on Whether America’s Best Days Are Past, or Ahead

    01/19/2016 9:06:44 PM PST · by Theoria · 27 replies
    The New York Times ^ | 19 Jan 2016 | Eduardo Porter
    Take a look back at some of the most popular TV programs of the mid-1960s -- "The Dick Van Dyke Show," "Bewitched," even "The Beverly Hillbillies" -- and what do you see? Like today, middle-class Americans typically had washing machines and air-conditioning, telephones and cars. The Internet and video games were not yet invented. But life, over all, did not look that different. There were TVs and radios in most homes. Millions of people worked in downtown offices and lived in suburbs, connected by multilane highways. Americans' average life expectancy at birth was 70, only eight years less than it...
  • LARRY SUMMERS: The global economy is facing a 'dangerous' situation

    10/24/2015 10:50:17 AM PDT · by ForYourChildren · 37 replies
    Business Insider ^ | October 24, 2015 | Akin Oyedele
    During HSBC's Global Investment Seminar in New York this week, Harvard professor and economist Larry Summers brought up secular stagnation. In 2013, Summers revived the phrase, which, over time, has come to mean all sorts of things to different people. But at its core, secular stagnation refers to a global economy growing at a slow rate because there is too much saving and not enough investment. And right now, a lot of savings (and other monies) are heading out of emerging markets and into the developed world. "I would suggest that the defining financial development of the last year is...
  • Slouching into stagnation – advance read of 1st-quarter GDP +0.2% [The usual suspects blamed]

    04/29/2015 10:16:22 AM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 04/29/2015 | Steve Eggleston
    The economic experts had anticipated the slowdown of the US economy to continue in the first quarter of 2015, after the 5.0% annualized real GDP growth in the 3rd quarter of 2014 slipped to 2.2% growth in the 4th quarter, with the consensus being +1.0% growth this past quarter. The bad news – it slowed down to 0.2%: Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 0.2 percent in the first quarter of 2015, according to the “advance”...
  • Beneath Obama's Budget Proposals Is A Depressing View Of The Future

    02/02/2015 11:44:59 AM PST · by blam · 28 replies
    BI - Reuters ^ | 2-2-2015 | Jason Lange and Howard Schneider, Reuters
    Jason Lange and Howard Schneider, Reuters Feburary 2, 2015WASHINGTON (Reuters) - Beneath President Barack Obama's plan to fight income inequality lies a gloomy view of an economy that is growing slower and creating fewer rewards for its workers than it did in much of the last century. In a budget proposal unveiled on Monday, the White House cut forecasts for an array of economic variables, depicting less growth, weaker inflation and lower interest rates than officials expected only a year ago. This comes despite an unemployment rate that the Obama administration expects to hit the 5.2 percent level considered to...
  • What's Causing the Wage Stagnation?

    11/06/2014 7:57:13 AM PST · by SeekAndFind · 44 replies
    RCM ^ | 11/6/2014 | Robert Samuelson
    I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important - perhaps decisive - explanation. In a nutshell: Frightened of being fired and being unable to find a new job, workers are less inclined to quit and search for something better. Therefore, employers don't have to raise wages, or can raise them less, to retain their best workers. Wage gains have been running at about 2 percent annually, a bit above the rate of inflation. There are many competing theories. The most...
  • Eurozone in danger of repeating Japanese stagnation, IMF chief warns

    10/10/2014 6:07:07 AM PDT · by TigerLikesRooster · 10 replies
    euobserver ^ | 2014/10/10 | Benjamin Fox
    Eurozone in danger of repeating Japanese stagnation, IMF chief warns By Benjamin Fox BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and falling into a prolonged cycle of recession and stagnation. Speaking on Thursday (9 October) ahead of the IMF's annual meeting in Washington DC, Lagarde said: “We have also alerted to the risk of recession in the eurozone", putting the likelihood of a drop in output at "between 35-40%, which is not insignificant". “We are not saying that the eurozone is heading towards recession, but we are saying that there is...
  • The American Middle Class Hasn’t Gotten A Raise In 15 Years

    09/22/2014 8:29:16 PM PDT · by Theoria · 30 replies
    Five Thirty Eight ^ | 22 Sept 2014 | Ben Casselman
    In 1988, the typical American adult was 40 years old, white and married, with a high school diploma. If he was a man, he probably worked full time. If she was a woman, she probably didn’t.Twenty-five years later, Americans are older, more diverse and more educated. We are less likely to be married and more likely to live alone. Work is divided more evenly between the sexes. One thing that hasn’t changed? The income of the median U.S. household is still just under $52,000.The government’s release last week of income and poverty data for 2013 brought renewed attention to the...
  • Obama’s Betrayal of American Workers of All Races and Backgrounds

    08/13/2014 7:36:47 PM PDT · by Bratch · 8 replies
    Facebook ^ | August 13, 2014 | Sarah Palin
    According to a new report by the U.S. Conference of Mayors, Americans are earning 23% less today than what they made before the 2008 recession for the same jobs. This terrible statistic doesn’t even take into account Americans still struggling with unemployment, and please remember that the real unemployment rate is over 20%. That figure reflects all the Americans who’ve given up even looking for jobs that just aren’t there in Obama’s economy. This issue of middle class wage stagnation is directly related to the current debate about amnesty. According to a recent Reuters/Ipsos poll, 70% of Americans believe illegal...
  • Resenting the Rich: Is All Inequality Created Equal?

    02/27/2014 6:55:51 AM PST · by Aspenhuskerette · 13 replies
    The Aspen Times (CO) ^ | February 27, 2014 | Melanie Sturm
    Last week, as Ukrainian emigre- turned-tech tycoon Jan Koum prepared to cash a multibillion-dollar check from Facebook — acquirer of his startup “WhatsApp” — Ukrainian President Viktor Yanukovich was checking out of his Gatsby-esque estate where he’d cached his stolen plunder. That the two Ukrainians derived their riches under diametrically opposed systems — free enterprise versus banana republic — illustrates why all income inequalities are not created equal. Most don’t resent the rich — only the undeservedly rich — as a recent Venezuelan protest sign conveyed: “These Castro-Chavistas speak like Marx, govern like Stalin, and live like Rockefeller, while the...
  • Chicago Fed's Evans: $1.5 Trillion MORE QE By January 2015 (Stalled Economic Growth)

    11/19/2013 7:30:42 PM PST · by whitedog57 · 5 replies
    Confounded Interest ^ | 11/19/2013 | Anthony B. Sanders
    The Chicago Fed’s President Charles Evans sent this Tweet today: #CharlesLEvans our purchases will continue to be open ended. We may need to purchase 1.5 trillion in assets until January 2015. Well, that’s not good. Although he is only one person, this seems to be the mindset of soon-to-be-Fed Chair Janet “Bubbles” Yellen. This is a statement about how markets are addicted to the sugar high of easy money and declining expectations of inflation (at least how the Federal government measures it). In other words, lethargic growth is in our economic future. Here is a chart on nominal GDP growth...
  • The Next American Majority

    11/05/2013 10:30:45 PM PST · by neverdem · 10 replies
    National Interest ^ | November 1, 2013 | William W. Chip
    AMERICA’S CHANGING demographics, long a delicate topic, have become an increasingly prominent part of national political debate... --snip-- "The Latino Education Crisis: The Consequences of Failed Social Policies," that encouraging reports of higher Hispanic rates of graduation from high school often did not account for Hispanics who never entered high school in the first place. They warned that “as a group, Latino students today perform academically at levels that will consign them to lives as members of a permanent underclass in American society. Moreover, their situation is projected to worsen over time.” Academic stagnation in so large and rapidly expanding...
  • Obama is Lazy like a Fox

    08/21/2013 7:31:26 AM PDT · by Kaslin · 22 replies ^ | August 20, 2013 | Rachel Marsden
    President Obama has demonstrated leadership qualities ranging from poor to nonexistent. But is a president who lacks visible leadership qualities really such a bad thing? Or is he lazy like a fox? A lack of leadership -- whether deliberate or accidental -- can have a surprising upside, as none other than the French have historically exemplified. (And no, I'm not being facetious.) As a conservative whose heart leans firmly right, I would have thought the idea crazy until I moved to France four years ago, gaining insight into the mysterious French mind-set. I came to realize that there is a...
  • The One Chart That Shows Just How Stuck Our Economy Is

    06/13/2013 7:26:13 AM PDT · by SeekAndFind · 8 replies
    National Journal ^ | 06/13/2013 | Matt Berman
    The U.S. jobs picture is bleaker than the most recent jobs reports may make you think. The economy added 175,000 jobs last month, but at the rate things are going, it would take almost a decade to get back to prerecession employment levels. A Job Openings and Labor Turnover Survey report released Tuesday by the Bureau of Labor Statistics digs in on the bad news: The number of job openings in the U.S. actually fell by 118,000 in April to 3.8 million.How bad can 3.8 million job openings be? The Economic Policy Institute looks at the number and sees that "the...
  • The Stock Markets Are Forecasting Economic Stagnation, Not Recovery

    04/08/2013 6:52:09 AM PDT · by SeekAndFind · 8 replies
    Forbes ^ | 04/08/2013 | Jerry Boyer
    A number of commentators, some of them friends, have been declaring that current stock market valuations prove that the economy is in full recovery. They think that the market reflects high levels of optimism about the future and that this means that the economy is in a V-shaped recovery, or that we’re about to enter a phase of strong economic growth. Not so fast. The optimism case is generally inconsistent with the weakening spate of recent economic statistics this week including ISM and jobs growth. Furthermore, it’s hard for anyone who writes or speaks from any principled free-market perspective to...
  • Donald Boudreaux and Mark Perry: The Myth of a Stagnant Middle Class

    01/24/2013 6:25:41 AM PST · by SeekAndFind · 27 replies
    Wall Street Journal ^ | 01/24/2013 | Donald Boudreaux and Mark Perry
    A favorite "progressive" trope is that America's middle class has stagnated economically since the 1970s. One version of this claim, made by Robert Reich, President Clinton's labor secretary, is typical: "After three decades of flat wages during which almost all the gains of growth have gone to the very top," he wrote in 2010, "the middle class no longer has the buying power to keep the economy going." This trope is spectacularly wrong. It is true enough that, when adjusted for inflation using the Consumer Price Index, the average hourly wage of nonsupervisory workers in America has remained about the...
  • Under Obama, Economic Stagnation Is the New Normal

    12/10/2012 7:33:51 AM PST · by SeekAndFind · 5 replies
    RCM ^ | 12/10/2012 | Louis Woodhill
    Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) showed that 5.4 million Americans have dropped out of the labor force since Barack Obama took office. The labor force declined by 350,000 in November, despite an increase of 191,000 in our working age population. The unprecedented decline of labor force participation under President Obama is not news. However, it also appears that millions of brain cells have dropped out of the mental labor force of America's economic analysts. How else can we account for headlines like these? "Jobs report: A pleasant surprise" (Jared Bernstein) "The employment emergency is...
  • Obama's "Recovery" The WORST Since 1882

    10/15/2012 7:44:21 AM PDT · by whitedog57 · 8 replies
    Confounded Interest ^ | 10/15/2012 | Anthony B. Sanders
    According to Stanford economist John Taylor, the current economic recovery is the slowest since 1882. Economic growth is generally strong following recessions, but not this time around. According to Taylor, “Growth was nearly 4 times stronger on average in the past recoveries. The only recovery in this list in which growth was as weak as this one followed the 1990-91 recession, but that was from a very shallow recession with output declining only 1.1%, so growth did not need to get very high to catch up.” In addition to looking at economic growth rates (which we know have been lackluster...
  • Do the debates unfairly shut out third parties?

    10/15/2012 4:52:35 AM PDT · by teflon9 · 35 replies
    CBS News ^ | October 15, 2012 | Brian Montopoli
    The presidential and vice presidential debates are sponsored by the Commission on Presidential Debates, a nonprofit corporation that mandates that a candidate have at least 15 percent support in national polls to participate. Since the CPD took over running the debates in 1988, only once has a third party candidate been allowed to participate: In 1992, when Ross Perot joined Bill Clinton and George H.W. Bush on the debate stage. The dominance of the two major parties at the debates has critics charging that the system is effectively rigged to shut out other voices. Gary Johnson, the Libertarian Party nominee...
  • The sickly, stagnant September jobs report

    10/05/2012 10:39:28 AM PDT · by Lakeshark · 10 replies
    AEIdeas ^ | 10/5/12 | James Pethokoukis
    Is this the Obama October Surprise? Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isn’t. Not at all. 1. Yes, the U-3 unemployment rate fell to 7.8%, the first time it has been below 8% since January 2009. But that’s only due to a flood of 582,000 part-time jobs. As the Labor Department noted: The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time...
  • Argentina’s Tragic Malaise

    02/27/2012 7:42:24 AM PST · by InsightSur · 15 replies ^ | February 27, 2012 | Editor
    Last week a train accident in Buenos Aires claimed the lives of 50 individuals. While the event is obviously intensely mournful, much of the emotion within Argentina also includes a high level of frustration over the system and society which allowed this to happen. Argentinian culture is known for being proud. Nationalism has been the tool of many leaders, and drove the nation to war over the Falkland Islands in the 80s. Yet there is a general sense of malaise and indignation in a country that was one of the wealthiest in the world a century ago. Indignation is brewing...
  • If Japan Is Our Worst-Case Scenario, We're All Right

    02/05/2012 4:43:42 PM PST · by BfloGuy · 16 replies
    The Motley Fool ^ | February 3, 2012 | Morgan House
    "[A]fter studying the facts on the ground in Tokyo for decades I find it hard to avoid the conclusion that the story of Japan's stagnation is a media myth." •The highest Japan's unemployment rate has been in the last 20 years is 5.5%. Its current unemployment rate, 4.6%, is about half that of the United States. Among those of prime working age, unemployment is virtually nonexistent in Japan today. •Japan's average life expectancy at birth increased by more than four years -- from 78.8 years to 83 years -- between 1989 and 2009. Japanese, Fingleton points out, "now typically live...
  • STEVE KEEN: The Best We Can Hope For Is Japanese Style Stagnation (Already In Depression)

    12/03/2011 5:27:09 AM PST · by blam · 9 replies
    TBI ^ | 12-3-2011 | Gus Lubin
    STEVE KEEN: The Best We Can Hope For Is Japanese Style Stagnation Gus Lubin Dec. 3, 2011, 6:45 AM If you haven't heard of him, think of Steve Keen as the Nouriel Roubini of Australia: a vocal economist who pissed people off for predicting the recession before it happened, and is still pissing people off predicting further economic crisis. In fact Keen says the world in another Great Depression, where developed countries would be lucky to come out as easily as Japan. Here's an excerpt from his interview with BBC's HardTalk: HT: Do you really think we’re headed for another...
  • Shifting demographics and economic conditions combine for a 'New Normal.'

    11/06/2011 3:19:33 PM PST · by WOBBLY BOB · 13 replies
    quad community press ^ | 10-11-2011 | michelle miron
    HITE BEAR LAKE - Big changes are coming worldwide as shifting demographics and economic conditions combine for a "New Normal." Whether Americans see those changes as debilitating or a huge opportunity will decide America's future. Those were among messages from State Economist Tom Stinson and State Demographer Tom Gillaspy as they made the presentation "The Boomer Tsunami" to a group of about 80 at Century College Oct. 5.
  • Stagnation In Russia Becomes Personal for Putin

    10/13/2011 3:39:04 PM PDT · by bruinbirdman · 9 replies
    The crucial economic signal for Russia last week was the price slide for the Urals oil blend below the $100 per barrel level, which is not only a symbolic watershed but also an inflection mark on which the Russian budget goes into red (Kommersant-FM,, October 5). Prime Minister Vladimir Putin boldly dismissed this minor dip, asserting that oil prices remain at “acceptable levels” so that the real question for his government was how to distribute the surplus revenues (RIA Novosti, 5 October 5). Speaking at an investment forum, he took the argument one step further insisting that Russia was...
  • Data says it all about economy: flat, flat, flat

    09/14/2011 9:47:06 AM PDT · by Free Vulcan · 3 replies
    Marketwatch ^ | 9.14.11 | Staff
    WASHINGTON (MarketWatch) — So it’s official: In August there was no jobs growth, no sales growth and no price growth... That flat performance is pretty appropriate description about the economy: one that might not be in a recession but isn’t going anywhere fast and is very vulnerable to contraction.
  • The Great (Male) Stagnation. The growing disconnect between GDP per capita and male income.

    06/09/2011 4:43:24 AM PDT · by SeekAndFind · 30 replies
    Marginal Revolution ^ | 06/08/2011 | Alex Tabarrok
    You have probably seen something like the following graph which shows real GDP per capita and median male income since 1947. Typically, the graph is shown with family or household income but to avoid family-size effects I use male income. It’s evident that real gdp per capita and median male income became disconnected in the early 1970s. Why? Explanations include rising inequality (mean male income does track real gdp per capita somewhat more closely), Tyler speculates that the nature of technological advances has changed, other people have speculated about rising corporate profits. Definitive answers are hard to come by.Here...
  • The Only Way Out for the American Economy

    03/04/2011 3:39:51 AM PST · by Scanian · 17 replies
    The American Thinker ^ | March 04, 2011 | Steve McCann
    Economic despair reigns in America, as stagnation and mounting debt make our future look hopeless. Yet America is uniquely positioned to rebound and recover our economic preeminence. All that is necessary is a political decision to reverse our energy policy and stimulate domestic production of hydrocarbons. From that would flow a true economic stimulus that would mend many of our ills. The United States is again, for the second time in less than three years, being reminded of its absurd dependence of foreign sources of energy, most notably, oil. The upheavals in the Middle East have driven up the cost...
  • Jeffrey Bell: Return America to the Gold Standard

    12/10/2010 6:48:02 PM PST · by Tolerance Sucks Rocks · 80 replies · 2+ views ^ | December 10, 2010 | Greg Brown and Ashley Martella
    Jeffrey Bell, a two-time campaign adviser to Ronald Reagan, says it’s high time that the United States return to the gold standard, abandoned by President Richard Nixon in 1971. He cites Reagan as a proponent of the monetary regime and squarely blames current Federal Reserve Chairman Ben Bernanke’s policies for the ongoing global economic stagnation. Bell is policy director of the American Principles Project. He served as an issues adviser in Ronald Reagan’s 1976 and 1980 presidential campaigns and was the Republican Party’s nominee for the U.S. Senate in New Jersey in 1978. Bernanke’s policies — extremely low interest rates...
  • From Stagnation To Stagflation

    11/04/2010 7:28:54 PM PDT · by blam · 9 replies
    The Daily Reckoning ^ | 11-4-2010 | John Butler
    From Stagnation To Stagflation By John Butler 11/04/10 London, England – With economic growth as measured by real final demand so weak, any increase in inflation which is not associated with a higher rate of real growth will represent a transition from the economic stagnation of the past few years to an even more unsatisfactory state of affairs, a dreaded “stagflation”, which came to plague the US and, to a lesser extent, global economy in the late 1970s. But wait, some might object, US CPI reached double-digits in the late 1970s/early 1980s, surely this is not a fair comparison? To...
  • The government bubble is ending.

    05/14/2010 5:07:07 AM PDT · by Scanian · 19 replies · 703+ views
    The American Thinker ^ | May 14, 2010 | Monty Pelerin
    Daniel Henninger at the Wall Street Journal is one of the more talented journalists and opinion writers left in the print media.Today he editorializes about Europe and its implications for US politics. "The state of Europe can be summed up in one word: stagnation. Jean-Claude Trichet, the European Central Bank president who just agreed to monetize the debt that Europeans can't or won't pay, noted in a 2006 speech that 'over the period from 1996 to 2005, euro area output grew on average 1.3 percentage points less than in the U.S., and the gap appears to be persistent.' Angus Maddison,...
  • Rail Traffic Data Tell a Different Economic Story

    08/05/2009 10:20:46 AM PDT · by arthurus · 8 replies · 558+ views
    Seeking Alpha ^ | August 04, 2009 |
    While we have gotten several economic reports in a row that indicate the economy is stabilizing, if not starting to expand, there is one indicator of the real economy that is not budging, namely rail traffic. The table below comes from Railfax, which tracks activity on the nation's rails. It shows very little change in activity. Look at the 4-week rolling average (the weekly numbers can contain a lot of noise, the 4-week average smooths them out) relative to the year-to-date numbers. For total rail traffic, there has been only a 0.2% difference in the year-over-year rate of decline, down...
  • THE SAVAGE NATION!!!!! June 19, Friday, 2009

    06/19/2009 2:41:52 PM PDT · by fishtank · 74 replies · 1,077+ views
    Savage's websiteLOTS of links to listen to the Savage radio show here!!!Savage's KNEW website Call the show at 1-800-449-8255 P.S. I recommend TSN ping list from rock'."Scowl" ... a Michael Savage classic(John Scungili aka Michael Savage) "savagenation" is the FR keyword. Rammstein - Du HastThe S3x Pistols - God Save the Queen
  • Obama’s Taxes: A $2 Trillion Trip Back to the 70s

    06/28/2008 6:36:41 AM PDT · by george76 · 25 replies · 185+ views
    Pajamas Media ^ | June 27, 2008 | Tom Blumer
    With President Obama in office, the days of governments extracting a top marginal rate of 60% will return. Could bell bottoms be far behind? Remember how the press made George Bush’s tax rate cuts look so “huge” in 2001 and 2003? A March 10, 2001, New York Times article by reporters Frank Bruni and Richard W. Stevenson typified the approach. The trick was to talk about the (scary) $1.6 trillion impact of the “cuts” while minimizing attention to their time frame. At the linked article, the reporters waited until the ninth paragraph to tell us that it was a “$1.6...
  • A Coup d'État in Sweden (Election Today)

    09/13/2006 6:10:12 AM PDT · by shrinkermd · 8 replies · 837+ views
    Wall Street Journal ^ | 13 September 2006 | JOHNNY MUNKHAMMAR
    STOCKHOLM -- In Sweden's general elections on Sunday it seems possible that voters will end 12 years of Social Democratic rule. As a matter of fact, the Social Democrats have been in power for 65 of the last 74 years, so a government change would really be historic. A group of four center-right parties known as the Alliance has been leading in opinion polls by three to five percentage points for weeks, but the race has tightened and appears too close to call now. "...The McKinsey Global Institute estimates Sweden's total unemployment rate to be 15%. That may surprise, as...

    06/13/2006 11:35:58 AM PDT · by bruinbirdman · 6 replies · 931+ views
    Daily Policy Digest The architects of the cradle-to-grave Swedish welfare system said that if it couldn't work there, it wouldn't work anywhere. Well, it didn't and it doesn't, says Investor's Business Daily (IBD). Funding the welfare state is a massive strain on a free economy. Entitlements and the administrative bureaucracy to manage it must be paid for. The only way to do that, aside from printing more currency, is to tax and tax again the wealth-, prosperity-creating private sector. That's a recipe for stagnation, not growth, says IBD: ** Sweden's slope became most slippery from 1960 to 1980, when public...
  • Paris Burning, Once Again

    03/25/2006 5:16:08 PM PST · by JAWs · 32 replies · 1,267+ views
    Washington Post ^ | 3/26/06 | Claire Berlinski
    PARISLast Saturday morning, needing help to move several heavy cartons of books from my apartment in central Paris to a storage room, I hired two movers and a van from the want ads. Students were in the streets protesting the Contrat de Premier Embauche (CPE) -- a law proposed to combat unemployment by giving employers more flexibility to fire young employees -- and the barricades and traffic diversions made our four-block drive into a half-hour ordeal. As we turned down one obstructed street after another, the movers -- both Arab immigrants -- became more and more incensed."They're idiots," said the...
  • Kravchuk: We have got characteristic features of economic crisis

    08/23/2005 9:04:18 AM PDT · by jb6 · 3 replies · 263+ views
    Forum Ukraine ^ | 23 August 2005
    Leonid Kravchuk the First President of Ukraine reckons that the economic and political situation in Ukraine will worsen. "The prices on food, especially on meat, have been raised by more than100% in comparison with 2004. The prices on fuel are constantly getting higher. The inflation of the half-year is 15%, the gross domestic product reduced by 3.2 times. So, we have got all characteristic features of economic crisis. It goes without saying, that it negatively influences peoples’ life," stated Kravchuk. During his visits to Dnepropetrovsk, Lugansk, Vinnitsa and Odessa he spoke with people who stated that the new power had...
  • German Economy Expands 1 Percent in 1Q Strongest Rate in Four Years

    05/12/2005 1:45:09 PM PDT · by demlosers · 21 replies · 488+ views
    Yahoo ^ | Thursday May 12, 9:34 am ET | Matt Moore
    FRANKFURT, Germany (AP) -- Germany's economy grew 1 percent in the first quarter from the previous quarter, the strongest rate in four years, the government statistics office said Thursday. But it expects the pace to slow for the rest of the year. Europe's largest economy broke out of the 0.1 contraction that it posted in the last quarter of 2004, the Federal Statistics Office said, and grew at twice the 0.5 percent that economists had forecast. It was the strongest quarterly growth since the Germany's gross domestic product grew 1 percent in the first quarter of 2001. "This is a...
  • CA: Electoral stagnation

    01/21/2005 8:51:19 AM PST · by NormsRevenge · 18 replies · 580+ views
    SF Examiner ^ | 1/21/05 | Op/Ed
    "Redistricting" isn't a word that easily flows off the tongue, nor is it normally part of the vocabulary of the average voter. But Californians are certain to hear and read it for at least the next few months as part of Gov. Arnold Schwarzenegger's plan to reform the state government from the ground up. Redistricting is the process of changing the boundaries of the districts by which voters elect representatives to office. When it comes to the Assembly and Senate districts for the state Legislature, boundaries are drawn by the Legislature itself. In 2001, leaders of both the Democratic and...
  • Can Japan Ever Emerge from Stagnation?

    11/14/2003 7:20:51 PM PST · by forty_years · 6 replies · 189+ views ^ | November 13, 2003 | Andrew Jaffee
    Can Japan Ever Emerge from Stagnation? By Andrew L. Jaffee, November 13, 2003 Home   Search   Forum   Terms Japanese Prime Minister Junichiro Koizumi's party, the Liberal Democratic Party (LDP), lost seats in parliamentary elections held last weekend. Elected in 2001 on a pro-economic reform platform, Koizumi has been slow to deliver. Some fear the LDP's election losses will mean even slower reforms. Remember "Japan, Inc.", the envy of American corporate bosses? Remember when many Americans were afraid that prime property in U.S. downtowns and golf courses would all be bought by Japanese? That was then (1970 - 1990), when Japanese corporations seemed unstoppable...
  • Leaving Central NY was a popular decision

    08/06/2003 5:26:30 AM PDT · by Behind Liberal Lines · 56 replies · 534+ views
    © 2003 The Post-Standard. ^ | August 06, 2003 | By James T. Mulder
    People moved out of Central New York at the third-highest rate in the nation between 1995 and 2000, according to the U.S. Census Bureau. People leaving Onondaga, Madison, Oswego and Cayuga counties outnumbered those moving in by 31,851 during the five-year period. That represents 4.6 percent of the region's population over age 5. Only two other major metropolitan areas - Honolulu and El Paso, Texas - lost larger percentages of their populations to migration. Those are some of the findings contained in a bureau report analyzing the nation's migration patterns. The report, released today, is based on the 2000 Census,...
  • I'm From The Government, and I'm Here to Help You

    12/19/2002 2:46:43 PM PST · by NonZeroSum · 7 replies · 262+ views
    Fox News ^ | December 19, 2002 | Rand Simberg
    <p>Ninety-nine years ago this past Tuesday, Dec. 17, amid some windblown sand dunes on the shores of North Carolina, the first powered, controlled heavier-than-air flight occurred.</p> <p>It was accomplished, as the popular myth has it, by two "bicycle mechanics" from Dayton, Ohio. The reality, of course, was that they almost single-handedly invented modern aerodynamics and aeronautical engineering, and they did it on their own, with their own resources.</p>
  • Bumping along the bottom (JAPAN IN DIRE TROUBLE ALERT)

    11/21/2002 4:36:32 PM PST · by MadIvan · 18 replies · 303+ views
    The Economist ^ | November 22, 2002 | The Economist
    As Japan's government announces another dollop of public spending, its debt is downgraded again by a leading rating agency. The news comes after gloomy economic forecasts and sharp falls in the share prices of Japan’s banks. Speculation is mounting that some of them will be nationalised TALK about piling on the gloom. On November 21st, one of the leading credit-rating agencies, Fitch, announced it was, yet again, downgrading Japan's sovereign-debt rating. This was the latest in a series of humiliating assessments for Japan. And it came on top of gloomy economic forecasts from the Bank of Japan, on November 20th,...
  • Russians remember Brezhnev (ANOTHER ANNIVERSARY ALERT)

    11/11/2002 12:49:44 AM PST · by MadIvan · 4 replies · 357+ views
    BBC News ^ | November 11, 2002 | Stephen Dalziel
    It is exactly 20 years since the former Soviet leader, Leonid Brezhnev, died.Good riddance too - Ivan The latter part of his 18 years as general secretary of the Communist Party saw the Soviet economy slide. And when Mikhail Gorbachev took over the post in 1985, the Brezhnev years were called "the era of stagnation". Brezhnev would not recognise Moscow now. 'Figure of scorn' The grey society over which he presided has been replaced by colourful, often brash capitalism. Yet many Russians remain nostalgic for the law and order of Brezhnev's Soviet Union. What tends to be forgotten is how...
  • A Shuttle By Any Other Name

    10/24/2002 1:32:31 PM PDT · by NonZeroSum · 11 replies · 168+ views
    Fox News ^ | October 24, 2002 | Rand Simberg
    <p>NASA may, thankfully, be about to make major changes in its vaunted "Space Launch Initiative," known in acronym shorthand as SLI.</p> <p>A major review of the program scheduled for November has been rescheduled, with no definite new date. Its future is in flux, as policy in space transportation (particularly reusable space transportation) is clearly being rethought.</p>
  • NEIL COLLINS: Germany in denial as the keystone cops it (HOLD MEIN BIER, THE CONTINUING SAGA)

    10/20/2002 11:32:09 PM PDT · by MadIvan · 11 replies · 240+ views
    The Daily Telegraph ^ | October 21, 2002 | Neil Collins
    Well, he said it. The Stability and Growth Pact, the keystone in the arch of the single currency, is "stupid". We have this on the authority of Romano Prodi, the president of the European Commission, no less, speaking to Le Monde last week. Despite the damage limitation exercise from his spokesman - Mr Prodi had really meant only that it should be used intelligently - the cat was out of the bag. The pact has provided neither stability nor growth, and it's clear that many countries in the eurozone intend to take not a blind bit of notice of it....
  • Level The Playing Field

    08/29/2002 10:48:23 AM PDT · by NonZeroSum · 17 replies · 253+ views
    Fox News ^ | August 29, 2002 | Rand Simberg
    <p>There was a story last week about the unaccountable accounting on the Air Force's Evolved Expendable Launch Vehicle program.</p> <p>This is a program in which the government gave Boeing and Lockheed Martin, the manufacturers of the Delta, and Atlas and Titan launch vehicles, respectively, millions of dollars in funding to help them both improve the performance and reliability of the systems, and to reduce their cost. The catch is that these are ostensibly commercial systems, so this is in effect a taxpayer subsidy of what should be in theory private enterprise.</p>