Word: gdp
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...Lewis has called for nations to donate 0.7% of their GDP, and private-sector corporations to follow suit with 0.7% of their pre-tax earnings. ("Although I would accept post-tax earnings," he added to some laughter.) While $8.3 billion was spent on AIDS internationally in 2005, he added, the projections for 2006 have climbed as high as $15 billion and could reach $30 billion by 2010. "We are nowhere near generating that money," he said...
...Italian way. The year I was born, the Italian recovery from the ashes of World War II reached its climax. And, no, I am not referring to my actual birth. In 1987, with bells and whistles, the Ministry of Economy announced the sorpasso: Italy’s GDP had overtaken Britain’s.Since then, however, it has all been downhill. Italian financial scandals, such as the implosion of the dairy colossus Parmalat have made Enron and WorldCom look like sound companies. Whilst American CEOs appear with aplomb in front of a myriad of courts, dubious Italian executives choose instead...
...countries. Simply put, China sells far more stuff to the U.S.?more than $200 billion last year?than the U.S. sells to China, a situation economists (and many politicians) say cannot continue indefinitely. The U.S. current-account trade deficit reached $805 billion in 2005. That amounted to 6.4% of GDP, or more than twice the size of the trade deficit in 1985, when the U.S. took the drastic step of devaluing the dollar?and the rate at which the gap is expanding is accelerating. China trade alone accounts for more than one-fourth of the deficit. That...
...most metrics, the plan has worked brilliantly. Dubai's economy is the healthiest in the Middle East, growing at a 16% annual clip and diversifying well beyond oil (which accounts for just about 6% of GDP). Dubai's ports and free-trade zones bustle. The government has built high-tech centers, including Dubai Media City and Dubai Internet City, attracting companies from Microsoft to IBM. A research park called DuBiotech is luring drug companies. The Dubai International Financial Center, a "financial free zone," aims to lead the region's securities exchanges, although there will be plenty of competition for that...
...Because they were not born in the U.S., undocumented immigrants are denied the rights and privileges of U.S. citizens. Immigrants, however, are a part of the U.S. and participate in the country’s social contract. Once here, immigrants constantly interact with American citizens, contribute to the national GDP, and fulfill jobs most Americans do not want but that are nonetheless critical for maintaining our way of life. The labor of undocumented workers has even become crucial in rebuilding areas affected by Hurricane Katrina. Most importantly, immigrants are human beings and are thus entitled to basic human rights...