Word: gdp
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...World-class universities must compete in a world market for top-flight professors, research grants and funds to build labs and support needy students. Oxford and Cambridge have huge advantages over less famous universities (Britain now has almost 100), but with the country spending a smaller portion of its GDP on universities than 20 years ago, they too must struggle. Compared to American universities in particular, which the British government frequently extols, they are poor and getting relatively poorer. Harvard professors earn 70% more, on average, than their Cambridge counterparts. All U.K. universities put together were able to harvest...
...then they did. The Commerce Department, making its third and final revision to last year's economic numbers, reported Thursday that after just one quarter in critical condition, GDP in the October-December fourth quarter grew at a 1.7 percent clip - thanks to a dramatic 6.1 percent rebound in consumer spending from the July-September period. Which means that statistically, at least, the recession - defined as two consecutive quarters of economic contraction - never happened. The expansion lives...
...GDP West Bank Israel and Gaza...
Though Kerry has not yet determined a suggested appropriation, protesters argued that America should provide at least 25 percent of the funding because the U.S. makes up 25 percent of the world’s GDP...
...Bush proposed his tax rebate of up to $600 per couple, he billed it as an insurance policy against recession. Critics sniped that no government could possibly hope to time fiscal relief to offset economic stress. Call Bush lucky, but his rebates landed in the only quarter of negative GDP. They softened the downturn and helped pave the way for a buoyant Christmas quarter. Already, though, Bush's tax-cutting agenda is in deep trouble. Just hours after Greenspan hailed the recovery, the House passed a scaled-back economic package that amounts to a Republican retreat on broader tax cuts...