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Highlights

A collection of news and information related to Gross Domestic Product published by this site and its partners.

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    Apr 24, 2013 |Column| Orlando Sentinel

  1. The Reinhart/Rogoff brawl

    WASHINGTON -- An insistent question of our time is how much government debt is too much. Is there some debt level that becomes crushing as opposed to merely costly? The controversy over research by economists Carmen Reinhart and Kenneth Rogoff shows how explosive the issue is. They suggested that debt exceeding 90 percent of a country's economy (gross domestic product, or GDP) corresponds to a sharp drop in economic growth. But their work is being challenged by three other economists, who say that Reinhart and Rogoff made basic errors that invalidate their results.
    WASHINGTON -- An insistent question of our time is how much government debt is too much. Is there some debt level that becomes crushing as opposed to merely costly? The controversy over research by economists Carmen Reinhart and Kenneth Rogoff shows how...

    Tags: Government Debt, Public Finance, Federal Reserve, Money and Monetary Policy, European Debt Crisis

    2. Apr 11, 2013 |Column| Orlando Sentinel

  2. A lazy budget

    WASHINGTON -- There is something profoundly timid about President Obama's proposed $3.778 trillion budget for 2014. Stripped of boasts about "investments" for the future and a responsible "balance" between deficit reduction and economic growth, the budget is a status-quo document. It lets existing trends and policies run their course, meaning that Obama would allow higher spending on the elderly to overwhelm most other government programs. This is not "liberal" or "conservative" so much as politically expedient and lazy.
    WASHINGTON -- There is something profoundly timid about President Obama's proposed $3.778 trillion budget for 2014. Stripped of boasts about "investments" for the future and a responsible "balance" between deficit reduction and economic growth, the budget...

    Tags: Inflation and Deflation, Personal Weapon Control, Barack Obama, Medicare, Washington, DC

    3. Dec 11, 2012 |Column| Baltimore Sun

  3. Crisis they created catches up with Republicans

    The most ironic part of the partisan fight over the "fiscal cliff" is that, if Republicans want Barack Obama to act according to Republican principles, they should encourage the president to do nothing and simply let the country — and the...

    Tags: Tea Party Movement, Barack Obama, U.S. Congress, Ronald Reagan, Elections

    4. Mar 20, 2013 |Column| Orlando Sentinel

  4. The Cyprus confusion

    WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...

    Tags: American Enterprise Institute, International Monetary Fund, Financial Markets, Economy, Business and Finance, Brookings Institution

    5. Mar 6, 2013 |Column| Los Angeles Times

  5. Dow hits a record, but who's reaping the rewards?

    You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?"
    You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?" The joke needs...

    Tags: JPMorgan Chase & Co., New York University, Economic Indicator, Federal Reserve, Employees

    6. Feb 25, 2013 |Column| Orlando Sentinel

  6. The True National Debt

    WASHINGTON -- How big is the national debt?
    WASHINGTON -- How big is the national debt? You'd think this would be an easy question. Surely we know how much the government owes. Unfortunately, it's not that simple. The true national debt could be triple the conventional estimate, anywhere from $11...

    Tags: Government, Financial Markets, Economy, Business and Finance, U.S. Congress, National Government

    7. Feb 18, 2013 |Column| Orlando Sentinel

  7. Why job creation is so hard

    WASHINGTON -- President Obama and Democrats want more jobs. So do Republicans. Heck, everyone does. Yet, job creation is weak. It's true that the economy has generated 5.5 million jobs from its low point. Still, there are 3.2 million fewer jobs now than at the previous high. The official unemployment rate is 7.9 percent, but it would be 14.4 percent if it included part-timers who would like full-time work and discouraged workers who have stopped looking, notes Janet Yellen, vice chair of the Federal Reserve Board. Scarce jobs are the nation's first, second and third most important economic and social problem.
    WASHINGTON -- President Obama and Democrats want more jobs. So do Republicans. Heck, everyone does. Yet, job creation is weak. It's true that the economy has generated 5.5 million jobs from its low point. Still, there are 3.2 million fewer jobs now than...

    Tags: Labor Markets, Religion and Belief, Business, Philosophy, Financial Markets

    8. Jan 28, 2013 |Column| Orlando Sentinel

  8. Is America in decline?

    WASHINGTON -- The American Century is dead. Long live the <em>next</em> American Century.
    WASHINGTON -- The American Century is dead. Long live the next American Century. The subtext of political debate these days is that the United States is in decline -- a proposition often portrayed as self-evident. The economy lacks dynamism;...

    Tags: Petroleum Industry, Economic Indicator, Japan, International Energy, Brazil

    9. Jan 18, 2013 |Column| Orlando Sentinel

  9. Wake up, socially liberal fiscal conservatives

    Dear Socially Liberal Fiscal Conservative Friend,
    Dear Socially Liberal Fiscal Conservative Friend, That's pretty toothy, so I'm going to call you Bob. But whatever specific name you go by, Bob, you know who you are. You're the sort of person who says to his conservative friends or co-workers...

    Tags: Colin Powell, Public Finance, Barack Obama, Budgets and Budgeting, Elections

    10. Oct 29, 2012 |Column| Orlando Sentinel

  10. Bill Clinton's stealth '16 candidate?

    WASHINGTON -- How to explain this budding "bromance," as First Lady Michelle Obama puts it, between her husband and Bill Clinton?
    WASHINGTON -- How to explain this budding "bromance," as First Lady Michelle Obama puts it, between her husband and Bill Clinton? The 44th president and the 42nd president are indeed having a whirlwind affair in the closing days of the campaign....

    Tags: Hillary Clinton, Barack Obama, Bill Clinton, Washington, DC, The Wall Street Journal

    11. Oct 9, 2012 | Los Angeles Times

  11. France approves European treaty on public-spending limits

    World Now
    France approves the European treaty to limit public spending, a key element in Europe's strategy to combat its debt crisis. Critics say that it will enshrine austerity into French law....
    12. Oct 2, 2012 | Chicago Tribune

  12. The Rhubarb Patch: The Legacy of Obama's Recovery Act

    Change of Subject
    With the economy the likely focus of Wednesday night’s first debate between President Barack Obama and GOP challenger Mitt Romney, I invited veteran reporter Scott Reeder (right), the journalist in residence at the Illinois Policy Institute, a free-...
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