Posts Tagged ‘GDP’

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    State Finance

    Dec 6, 10 • 268 Views • No Comments

    Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey, though, is not alone. Jon...  [read more]

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    Well-Being Yardsticks

    Nov 17, 10 • 213 Views • No Comments

    Having just looked at the “Human Development Report 2010” from the UN, I thought of a former mayor of NYC, Ed Koch. Mayor Koch used to ask, “How am I doing?” Let’s assume that an economy can ask the same question. What yardstick...  [read more]

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    Health Care Insight

    Oct 4, 10 • 270 Views • No Comments

    Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. “Wilbur, I’ve just been looking through the polls here, and I’ve only got a few weaknesses, and the worst of them is that...  [read more]

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    Double Dipping

    Aug 28, 10 • 253 Views • No Comments

    For a smile, you might want to watch Merle Hazard’s “Double Dippin'” song. As the Guardian points out, also look for the fun trivia such as a small background picture of mathematician Benoit Mandelbrot. No one was smiling, though in response...  [read more]

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    The World’s Biggest Economies

    Aug 20, 10 • 201 Views • No Comments

    The Chinese leader Deng Xiaoping said, “It doesn’t matter what color a cat is as long as it catches mice.” Explained in the Teaching Company’s “Why Economies Rise or Fall,” Deng cared about results more than economic...  [read more]