Word: gdp
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...four years has been Japan's worst since World War II. From about 1988 to 1991, the nation enjoyed a "bubble" economy that saw huge investment in new factories, real estate and equities, both at home and abroad. When the crash came, it was brutal. Between 1992 and 1995, gdp barely grew at an average of 0.6% a year. In the early 1990s, land values fell 50%, creating a burden of bad debt that could reach $1 trillion. From 1990 to 1994, industrial giants like Nissan closed factories as car production fell almost...
...predictions that the government would order the slaughter of the entire British herd to halt the spread of a bovine brain sickness that could potentially kill people who consume the diseased beef. TIME's Barry Hillenbrand reports that economists project that slaughtering the British cow herd would reduce the GDP by as much as 0.5 percent. "Economically, slaughtering the entire herd would be a disaster," says Hillenbrand. "Despite some very legitimate concerns, there is an air of panic to this situation...
...spread of a bovine brain sickness that could potentially kill people who consume the diseased beef. "The government is muddling through this," says TIME's Barry Hillenbrand. "They don't know which way to turn." Hillenbrand reports that economists project that slaughtering the British cow herd wouldreduce the GDP by as much as 0.5 percent and negatively affect the balance of payments by as much as $3 billion. "Economically, slaughtering the entire herd would be a disaster," says Hillenbrand. The European Union veterinary council is still studying the matter and has not yet decided whether it will enforce a Europe...
...fiscal sanity is not the goal. Reducing the scope of the government is. So there is much more to do. How much, exactly? Newt Gingrich doesn't say. But his chief lieutenant, majority leader Dick Armey of Texas, says the proper goal is to cut the federal share of GDP in half, to 11% from its current share of 22%. That's revolutionary...
...recent years, the U.S. investment rate has lagged significantly behind that of other countries. Currently, the U.S. spends only about 15 percent of its GDP on investment...