Bloomberg: “China surpassed Japan as the worlds second-largest economy last quarter, capping the nations three- decade rise from Communist isolation to emerging superpower. Japans nominal gross domestic product for the second quarter totaled $1.288 trillion, less than Chinas $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010, the government agency said. China led the world out of last years global recession with an economy thats more than 90-times bigger than when leader Deng Xiaoping ditched hard-line Communist policies in favor of free-market reforms in 1978. The country of 1.3 billion people will overtake the U.S., where annual GDP is about $14 trillion, as the worlds largest economy by 2027, according to Goldman Sachs Group Inc. chief economist Jim ONeill.”
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Daily Archives: August 15, 2010
New Orders, Production and Employment Growing; Supplier Deliveries Slower; Inventories Growing
“Economic activity in the manufacturing sector expanded in July for the 12th consecutive month, and the overall economy grew for the 15th consecutive month, say the nations supply executives in the latest Manufacturing ISM Report On Business®. Manufacturing continued to grow during July, but at a slightly slower rate than in June. Employment, supplier deliveries… Continue Reading
Extreme Heat in Summer 2010: A Window on the Future
News release: “Could the sweltering summer of 2010 be considered mild compared to the typical summers of the future? It depends on whether America & nations around the world act now to curb our global warming pollution. That’s the conclusion of a new National Wildlife Federation report, Extreme Heat in Summer 2010: A Window on… Continue Reading
World Health Organization: Fact Sheet on Improving the Health of Young People
Young people: health risks and solutions – “Most young people are healthy. However, more that 1.8 million young people aged 15 to 24 die each year. A much greater number of young people suffer from illnesses which hinder their ability to grow and develop to their full potential. A greater number still engage in behaviours… Continue Reading
CRS: Financing the U.S. Trade Deficit
Financing the U.S. Trade Deficit, James K. Jackson, Specialist in International Trade and Finance, June 22, 2010 “The U.S. merchandise trade deficit is a part of the overall U.S. balance of payments, a summary statement of all economic transactions between the residents of the United States and the rest of the world, during a given… Continue Reading
New on LLRX.com: Documentation Capturing
Documentation Capturing: In the past, many of us have failed to document processes for ourselves or for our organizations. A good example of a professional arena where good documentation has the potential to have a positive impact is within the IT department. When a computer-related system blocks access to staff or fails to timely record… Continue Reading
New GAO Reports: Formaldehyde in Textiles, Higher Education, State and Local Governments
Formaldehyde in Textiles: While Levels in Clothing Generally Appear to Be Low, Allergic Contact Dermatitis Is a Health Issue for Some People, GAO-10-875, August 13, 2010 Higher Education: Institutions’ Reported Data Collection Burden Is Higher Than Estimated but Can Be Reduced through Increased Coordination, GAO-10-871, August 13, 2010 State and Local Governments: Fiscal Pressures Could… Continue Reading
Questions About Fate of the American Dream in Face of Long-Term Unemployment
Jobless millions signal death of the American dream for many: “Growth rates are stuttering and a recovery is struggling to take hold. It may even now be showing signs of going backwards again, as countries such as Germany start to power forward. Joblessness has taken hold in America, with the numbers of long-term unemployed reaching… Continue Reading
CRS: Conversion from the National Security Personnel System to Other Pay Schedules
Conversion from the National Security Personnel System to Other Pay Schedules: Issues for Congress, July 15, 2010 “Most federal employees (59.1%) are paid on the General Schedule (GS), a pay scale that consists of 15 pay grades in which an employee’s pay increases are to be based on performance and length of service. Some Members… Continue Reading
NOAA: Second Warmest July and Warmest Year-to-Date Global Temperature on Record
News release: “The combined global land and ocean surface temperature made this July the second warmest on record, behind 1998, and the warmest averaged January-July on record. The global average land surface temperature for July and JanuaryJuly was warmest on record. The global ocean surface temperature for July was the fifth warmest, and for JanuaryJuly… Continue Reading
