GDP Fraud

The government released GDP figures showing rosy 3.5% growth in the third quarter. But don’t be fooled: the books were cooked. This time by the cash for clunkers boondoggle, the first time homebuyers tax credit,...

Economic Growth is Unsustainable

One thing has become clear with this financial crisis, trees don’t grow into heaven in other words any growth has its limitation. The question arises whether economic growth the so-called GDP increases year on...

U.S. Economy Shrank 1% In Q2

The U.S. economy shrank at a 1% in the second quarter of 2009, much lower than the 1.5% economists had been projecting. The Department of Commerce said that the "much smaller decrease in real GDP in the second quarter" was mainly a result of smaller decreases in...

Slowdown pulls down India's growth to 5.3 percent

The signs of worldwide economic downturns have started showing in world's second fastest growing economy India. India's econmy grew at its lowest rate in almost six years in the third quaeter ending at December. The slowdown has raised questions about projected growth for...

Government Needs $4 Trillion for Bank Bailouts

There is a big possibility that the price of bailout for banks will be greater compared to the allotted $700 billion because banks do not have enough resources to mend their problems. Therefore support for companies in financial services spent by the government can eventually...

The 10 Poorest Countries on this planet.

By, Uwe Paschen.The 10 Poorest countries on our planet today.  The Republic of Congo in central Africa is leading the way being the Poorest Country today with a GDP-per Capita of  $300.00, being followed by...

The 10 Poorest Countries Of The World

The level of economy in countries around the globe is not even. It is somewhere very high and somewhere very low. GDP, literacy rate and employment rate are several parameters of a country to determine the level...

Credit Cards Could Become Next Trouble Spot in Crisis

"Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the overall economy won't be as severe as the housing slump, analysts believe. As the economy worsens...

American GDP Grows at 3.3% Last Quarter

3.3% isn't bad for a developed country. Not bad at all actually. But forecasts predict some more rough patches ahead."The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns...

The Shifting Landscape of Health Care Fraud and Regulatory Compliance

Regulators Increase Scrutiny As Health Care Costs Consume Higher Share of GDP. As health care costs continue to accelerate and consume an ever-higher percentage of GDP, federal and state regulators are...

2008 Summer Olympics Part 4 - China's Human Rights

2008 Summer Olympics Part 4 - China's Human Rights To believe that the Olympics in todays world is a mere sporting event is naive. Beijing was awarded the Olympics as a political gesture allowing them to prove themselves. Now it is up to China to prove to the world they...

A New Meaning Of Independence Day

This 4th of July 2008 may be the last time many of us Americans may ever feel happy about the 4th of July Independence Day meaning ... as the true American Independence heritage fades more and more each and every passing day as corporate America out-sources domestic...

That Burj Dubai TV commercial « Peter J. Cooper’s Weblog

"If you listen to CNN, BBC World or even Al Jazeera International you could be forgiven for thinking the Middle East is a war zone with no hope of economic progress. But look at Dubai with the world’s tallest building under construction - indeed UAE infrastructure...

China’s Economy Gets a Little Deflated

Oops, China isn’t as close to us in terms of economy size as we thought. Using the new and improved, yet still statistically not perfect, method of purchasing power parity, the World Bank has adjusted China’s...

The Economy is Humming Along

I’m sure there were many people who feared the economy was going to tank during the worst part of the credit crunch during the summer. Stocks were going down, it seemed like everyone was declaring bankruptcy,...

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