Posts Tagged ‘UK’

  • Italy's and the UK will add marijuana and prostitution to improve GDP accuracy...but will it?

    Should GDP Include Illegal Drug Deals?

    Jun 1, 14 • 504 Views • No Comments

    In 1987, Italy decided to include its “off-the-books” economy in its GDP. The result was an 18% boost. Now, further complying with EU accounting regulations, Italy will add illegal drugs, prostitution and black market alcohol and prostitution....  [read more]

  • Displaying different strategies, McDonald's and Starbucks call a 16 ounce cup different names.

    Caffeine Highs and Lows

    Nov 18, 12 • 651 Views • No Comments

    Among the biggest coffee drinkers in the world, euro-zone consumers are cutting back. As one Milan café owner explained, “Since the beginning of the year most of our regulars cut their coffees from around four to two a day. Sometimes, instead of...  [read more]

  • Looming Worldwide Pig Shortage

    Pork Problems

    Sep 28, 12 • 232 Views • No Comments

    Announcing the cancellation of this year’s bacon eating contest, Major League Eating (“the world body that governs all stomach-centric sports’) said,  “We cannot, in good conscience, allow top ranked eater Joey Chestnut to eat bacon...  [read more]

  • How To Win The Olympics

    Aug 11, 12 • 193 Views • No Comments

    The 2016 Olympics in Rio might be different. At the 1996 Atlanta Olympics, Great Britain fared poorly. They took home only one gold and ranked #36 among medal winners. At Beijing in 2008, their medal count was 47 and they ranked #4. And now in London, 2012,...  [read more]

  • Tax Revenue

    Do You Agree With French Taxes?

    Aug 9, 12 • 283 Views • No Comments

    Talking about taxes, economists like to quote Louis XIV’s finance minister: “The art of taxation consists of so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.” We have been hearing a...  [read more]