Word: gdp
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...have streamed into American burgs to tint themselves red, white and blue enough to tempt the world's biggest shopper: the U.S. Department of Defense. The 25 countries of the European Union spend only about half what the U.S. does on defense, even though the Continent has a larger GDP than the U.S. has. Since Sept. 11, the Pentagon's budget has increased 41%--to $419 billion a year. Ralph Crosby, the West Point graduate and defense-industry veteran who runs EADS's North American operations, says the company, which sells everything from ballistic missiles to mobile medical units...
Just as Vargas Llosa’s proposals for reform seemed removed from everyday reality, his economic analysis largely considers macroeconomic indicators like GDP, despite his admission that internal inequalities make such statistics grossly misrepresentative...
...lower taxes on the prosperous north. Berlusconi has tried to satisfy these divergent interests by giving something to everyone, including €6 billion in income tax cuts along with increases in public spending. Result: a growing budget shortfall, which the European Commission warns will equal 3.6% of Italy's GDP in 2005, well above euro-zone limits. "Berlusconi wanted to be like Bush, pursuing an expansionist policy by running a deficit," says opposition MP Enrico Letta. Having patched over coalition differences, the PM is playing it safe - he's stopped calling for income tax cuts, and though he dare...
...global and U.S. growth and saying, "Well, these high prices are having less impact than might have been anticipated." And it's true that oil does not have as much leverage on our economy as it did in the '70s. We use half as much oil per unit of GDP as we did then. But when you have sustained prices of more than $50 a barrel, the economic impact will be larger than people have anticipated...
...policy of ?concealing strength and waiting for opportunities.? China has no need to exert itself or take risks on the foreign policy front as its power appears to expand exponentially in proportion to its massive economic growth, which has averaged 9 percent per annum over two decades. China's GDP is slated to equal Britain's this year; Germany's in 2009, Japan's in 2017, and America's by 2042 - although some analysts say that by measure of purchasing power parity, it could match the U.S. as early...