News release: “Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.2 percent in the fourth quarter of 2010, (that is, from the third quarter to the fourth quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.6 = percent. The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 4). The “second” estimate for the fourth quarter, based on more complete data, will be released on February 25, 2011. The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by a negative contribution from private inventory investment. Imports, which are a subtraction in the calculation of GDP, decreased. The acceleration in real GDP in the fourth quarter primarily reflected a sharp downturn in imports, an acceleration in PCE, and an upturn in residential fixed investment that were partly offset by downturns in private inventory investment and in federal government spending and a deceleration in nonresidential fixed investment.”
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Daily Archives: January 27, 2011
Commentary – Why the Rich Are Getting Richer American Politics and the Second Gilded Age
Why the Rich Are Getting Richer, American Politics and the Second Gilded Age, by Robert C. Lieberman – Professor of Political Science and Public Affairs at Columbia University “The U.S. economy appears to be coming apart at the seams. Unemployment remains at nearly ten percent, the highest level in almost 30 years; foreclosures have forced… Continue Reading
Moody's report dimensions the pension and debt liabilities of U.S. states
News release: “A new report by Moody’s Investors Service presents combined net tax-supported debt and pension liability figures for the U.S. states, providing a clearer view of how each factors into the evaluation of states’ total current liabilities. “Pensions have always had an important place in our analysis of states, but we looked separately at… Continue Reading
22% of online Americans used social networking or Twitter for politics in 2010 campaign
PewInternet: 22% of online Americans used social networking or Twitter for politics in 2010 campaign, by Aaron Smith, January 27, 2011: “After first gaining prominence as tools for political engagement during the 2008 presidential election, social media became a regular part of the political environment for voters in the 2010 midyear elections. Some 22% of… Continue Reading
FTC: Court Freezes Assets of Massive Internet Enterprise in Alleged Billing Scheme
News release: “At the request of the Federal Trade Commission, a federal court has frozen the assets of corporations and an individual behind a far-reaching Internet enterprise that allegedly made more than $275 million by luring consumers into deceptive trial memberships, and bogus government-grant and money-making schemes. The court froze the assets of 61 corporations… Continue Reading
Whaton Knowledge: On the Move: Adapting to a New Global Economy
The Lauder Global Business Insight Report 2011 – On the Move: Adapting to a New Global Economy: “In this special report, students from the Joseph H. Lauder Institute of Management & International Studies analyze some of the more far-reaching changes affecting people, industries and regions around the world. The articles offer new perspectives on trends… Continue Reading
New GAO Reports: Afghanistan Security, Payday Lending
Afghanistan Security: Afghan Army Growing, but Additional Trainers Needed; Long-term Costs Not Determined, GAO-11-66, January 27, 2011 Payday Lending: Federal Law Enforcement Uses a Multilayered Approach to Identify Employees in Financial Distress, GAO-11-147, January 26, 2011 Continue Reading
Financial Crisis Inquiry Commission Releases Report on the Causes of the Financial Crisis
News release: “Today the Financial Crisis Inquiry Commission delivered the results of its investigation into the causes of the financial and economic crisis. The Commission concluded that the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserves failure to stem the tide of toxic mortgages; Dramatic breakdowns in… Continue Reading
Report: Seizing the opportunity of online learning for UK higher education
“Working in partnership, the Higher Education Funding Council for England (HEFCE) promotes and funds high-quality, cost-effective teaching and research, meeting the diverse needs of students, the economy and society.” Collaborate to compete – Seizing the opportunity of online learning for UK higher education, Report to HEFCE by the Online Learning Task Force, January 2011: “The… Continue Reading
National Corrections Reporting Program – Statistical Tables (update)
National Corrections Reporting Program – Statistical Tables (update), Thomas P. Bonczar, January 20, 2011: “This update adds data for 2007 and 2008 to the electronic series of selected tables on most serious offense, sentence length, and time served in state prison. The National Corrections Reporting Program collects demographic information, conviction offenses, sentence length, credited jail… Continue Reading
International Holocaust Remembrance Day, January 27, 2011
“January 27 marks the anniversary of the liberation of Auschwitz-Birkenau, the largest Nazi death camp. In 2005, the United Nations General Assembly designated this day as International Holocaust Remembrance Day (IHRD), an annual day of commemoration to honor the victims of the Nazi era. Every member nation of the U.N. has an obligation to honor… Continue Reading
CBO: Budget and Economic Outlook: Fiscal Years 2011 Through 2021
Economic Outlook: Fiscal Years 2011 Through 2021: “The United States faces daunting economic and budgetary challenges. The economy has struggled to recover from the recent recession, which was triggered by a large decline in house prices and a financial crisisevents unlike anything this country has seen since the Great Depression. During the recovery, the pace… Continue Reading
