Posts Tagged 'Gross domestic product'

ROBBIE GRAMER – India Overtakes Britain as the World’s Sixth-Largest Economy

Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump.

Economically, it’s been a banner year for India. In February, it surpassedChina as the world’s fastest-growing economy. And in October, the ...

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Junaid Ghoto – The Myth of India as an Upcoming Asian Economic Powerhouse. Rising Poverty and Social Inequality

Regret or not, but it is important to see where India stands today, the idea to write regarding this is to differentiate the illusion from fact and give reason so the sane understanding follows. A nation is called developing not because of its population, or defense budget, but how good the people fare in that country; it is about the human development and economic growth which include improving education and health by having less people as possible under the poverty ...

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Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street

This is Naked Capitalism fundraising week. 1320 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in financial realm. Please join us and participate via our Tip Jar, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our fifth goal, more original reporting.

By Bill Black, the author of The Best Way to Rob a Bank is to ...

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Lauren McCauley – Making Case for Clean Air, World Bank Says Pollution Cost Global Economy $5 Trillion

Air pollution is the fourth-leading cause of premature deaths worldwide and the problem only continues to worsen, but governments have been reluctant to make the dramatic changes necessary to curb polluting industries in favor of cleaner alternatives.

In an effort to strengthen the case for action, the World Bank along with the Institute for Health Metrics and Evaluation (IHME) at the University of Washington, Seattle released a joint study (pdf) Thursday warning about the economic effects ...

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James K. Galbraith – From the destruction of Greece to democracy in Europe

IN PROTESTING the Treaty of Versailles ending World War I, John Maynard Keynes wrote: “The policy . . . of depriving the lives of millions of human beings, of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilized life of Europe.”

Last year’s third bailout of Greece, imposed by Europe and the International Monetrary ...

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JOHN MAULDIN – These 6 Charts Show Why the Average American Is Fed Up

The last 20 years have brought great wealth to a few while most of the population was lucky to break even.

Whether you’re a member of the elite/protected class or one of the unprotected, it’s hard to deny this reality.

Household income is going nowhere

Here’s an update of Doug Short’s household income chart:

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Lauren McCauley – Billionaire Bonanza as Wealth Surges Among One Percent

There is little doubt that the global one percent is winning. In fact, a new study has found that the number of billionaires reached an all-time high in 2015 at the same time that their portfolios and piggy banks also continued to grow to record proportions.

According to the 2015-2016 Billionaire Census by international market research firm Wealth-X, which bills itself as “the global authority on wealth intelligence,” the billionaire population grew by 6.4 percent last year and now totals ...

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Peter Spence – US economy ‘close to stagnant for almost a year’ as growth shudders

Hopes of US interest rate rises were pushed into the distance on Friday, as figures showed that the world’s largest economy had slowed sharply and was near stagnation for almost a year.

The  US economy grew by just 0.3pc in the three month period to the end of June, according to the Bureau of Economic Analysis (BEA). Economists had anticipated that the US economy would expand at more than twice this pace. On an annualised basis, growth ...

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Michael Snyder – Painful To Watch: This Is The Weakest U.S. Economic ‘Recovery’ Since 1949

Most of us have never witnessed an economic “recovery” this bad.  As you will see below, the average rate of economic growth since the last recession has been the lowest for any “recovery” in at least 67 years.  And unfortunately, the economy appears to be slowing down even more here in 2016.  On Friday, I talked about how the U.S. economy grew at a painfully slow rate of just 1.2 percent in the second quarter after only ...

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ERIC ZUESSE – How Corrupt America Is

The best reporting on the depth of America’s dictatorship is probably that being done by Atlanta Georgia’s NBC-affiliated, Gannett-owned, TV Channel “11 Alive”, WXIA television, “The Investigators” series of local investigative news reports, which show, up close and at a cellularly detailed level, the way things actually work in today’s America. Although it’s only local, it displays what meets the legal standards of the US federal government in actually any state in the union; so, it exposes the character of the US government, such that ...

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