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Gdp

The Takeaway

U.S. Economy Boasts Best Growth in 11 Years

Tuesday, December 23, 2014

The U.S. Commerce Department announced today that the American economy grew at its quickest pace in 11 years during the third quarter.

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The Brian Lehrer Show

US Economy, Revised

Thursday, June 26, 2014

GDP for the first quarter was revised sharply downward, due primarily to lower-than-expected healthcare spending. Diane Brady, Bloomberg Businessweek senior editor and the author of Fraternity (Spiegel & Grau, 2013) talks about the drop, and why markets aren't reacting more strongly to the news.

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World Weekly with Gideon Rachman

How should Nigeria tackle the militant threat of Boko Haram?

Friday, May 09, 2014

How should Nigeria tackle the militant threat of Boko Haram?

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The Takeaway

Examining the Recalculation of Global GDP Measurement

Wednesday, July 31, 2013

The United States' Gross Domestic Product will grow 3 percent today—but not because of increased productivity. Government statisticians will be applying new GDP rules retroactively, forcing economists to re-evaluate everything from corporate profits to the Federal Reserve's inflation stability measure. The U.S. will be one of the first countries to adopt the new standard of international accounting. Robert Armstrong, U.S. Lex Editor at The Financial Times, explains.

Government statisticians will be applying the new rules retroactively, forcing economists to re-evaluate everything from corporate profits to the Federal Reserve's inflation stability measure. The U.S. will be one of the first countries to adopt the new standard of international accounting.
Robert Armstrong, U.S. Lex Editor at The Financial Times, explains

 

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The Takeaway

The Agenda: Campaigning Amid Crisis, Mitt Romney Abroad, New GDP Figures, and Geithner Testimony

Monday, July 23, 2012

Both campaigns responded to the Colorado shooting by pulling their ads in the state which could mean a week of toned-down campaigning. But then again, it might not.

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The Takeaway

Is Happiness More Important than GDP?

Monday, April 02, 2012

Today the United Nations will discuss happiness. Does happiness contribute to the well-being of the world? Tom Barefoot, co-coordinator of Gross National Happiness USA, believes that having a sound economy might be less important than having a country filled with happy people. How do we measure — or achieve — something so abstract?

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The Takeaway

This Week's Agenda: Super Committee, Female Soldiers, Economy

Monday, October 24, 2011

The Congressional "super committee," put in charge of finding $1.2 trillion to cut from the deficit, have mostly been a top secret committee that have shared very little about their meetings. As the super committee continues to find cuts in the deficit, a number of economic indicators are set to be released this week, including new home sales and GDP figures. Also on the agenda for this week, the Pentagon is set to release a report on the role of women soldiers in the military and whether or not they should be allowed to serve in combat roles. And after President Obama's announcement that all U.S. troops will be withdrawn from Iraq by the end of the year, there could be some fallout, especially among Republicans, on Capitol Hill.

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The Takeaway

Government Revises GDP Numbers for the Worse

Wednesday, August 17, 2011

Last April the Federal Reserve said that Gross Domestic Product numbers had inched up a respectable 1.8 percent. It was a bright spot in the midst of a bleak economy. The White House touted the news as encouraging, and stocks went up. Now, after a dizzying few weeks of bad news about the economy, the government has revised its numbers, saying the economy really only expanded by 0.4 percent. What happened, and what does this say about the government's understanding of the economy?

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The Takeaway

More Worries Over Weak Economy

Thursday, August 04, 2011

"We do not believe there is a threat there of a double-dip recession. We believe that economy will continue to grow," White House Press Secretary Jay Carney said yesterday. But some economic indicators are painting a different picture. While the private sector added 114,000 jobs in July, layoffs in the U.S. reached a 16-month high. Meanwhile, the Department of Agriculture says the more Americans are receiving food stamps than ever before. The Pew Research Center released a study last month finding that women are having more difficulty than men re-entering the work force. All of this news comes on top of the figures released by the Commerce Department last Friday showing that the economy has only grown by a dismal 1.3 percent.

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The Takeaway

Stocks Down as GDP Grows Just 1.3 Percent

Friday, July 29, 2011

According to new data from Commerce Department Friday, the U.S. economy grew at a dismal rate of just 1.3 percent, significantly lower than the 1.7 percent that had been expected. The new figures show the weakest period of growth since the recession officially ended. Some economists fear that the debt ceiling debate in Congress will produce cost-cutting measures that will slow the economy further. As the August 2 deadline to raise the debt ceiling approaches, it is unclear whether Congress will be able to pass a plan.

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The Takeaway

What About the Long-Term Unemployed?

Monday, July 11, 2011

Friday produced another round of ugly job numbers as the country's unemployment rate inched up to 9.2 percent. Yet in Washington, the conversation remains fixed squarely on a compromise to raise the country's debt ceiling. Have lawmakers forgotten about the country's unemployed? And what about the "99'ers," the individuals who have exhausted their 99 weeks of unemployment benefits and are left with no government assistance? Where do they fit into the picture?

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WNYC News

Financial 411: Rising Commodity Prices

Monday, February 21, 2011

Food costs are at record highs around the globe. The Financial 411 explains what the price of a bushel of wheat has to do with the political upheaval in the Middle East.

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The Takeaway

This Week's Agenda: State of the Union, Economy

Monday, January 24, 2011

President Obama's State of the Union Address on Tuesday is the most anticipated event of the week. Kai Wright, editorial director of ColorLines Magazine, says this speech will signal the start of the 2012 presidential campaign. He shares what to expect from the President's speech, and what the aftermath of it will look like. Kai says the match up is no longer Republicans vs. Democrats, as much as it's Republicans vs. Republicans.

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The Takeaway

New GDP Numbers: Improvement, Not A Christmas Miracle

Wednesday, December 22, 2010

The Commerce Department has revised numbers reflecting how much the economy grew last summer, moving the GDP up from 2.5 to 2.6 percent. Economists are hailing the change as good news, but not great news. Many had hoped that the growth would reach as high as 3 percent. Is this a cause to backtrack on recent optimism, or still cautious progression on the economy? Economics editor for The Takeaway Charlie Herman joins us for more on the subject. 

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The Takeaway

This Week's Agenda: Elections, Economy, and a Conference in Asia

Monday, October 25, 2010

We are just eight days away from election day, and Democrats and Republicans are campaigning at full throttle. First Lady Michelle Obama is on the West Coast, trying to win votes for Democrats in key Senate races in Washington and California.

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The Takeaway

This Week's Agenda: Peace Talks; Bishop Jones; China and Japan Relations Deteriorate

Monday, September 27, 2010

Israel's partial freeze on settlement buliding in the West Bank ended last night, and Marcus Mabry, associate national editor for The New York Times, and Charlie Herman, economics editor for The Takeaway and WNYC Radio, discuss how this will affect peace talks between Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas.  They'll also take a look at what's ahead this week for Bishop Eddie Long, who has been accused of trying to sexually seduce four teenage boys; President Obama's continued conversations with middle-class Americans; how China and Japan's relationship is rapidly deteriorating, and more.

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WNYC News

GDP Numbers Show Drop, But Better Than Expected

Friday, August 27, 2010

U.S. economic growth slowed in the second quarter of this year as the government revised downwards the gross domestic product (GDP) to 1.6 percent from a previous estimate of 2.4 percent. The news caps a week of bad news about the nation’s economy, in particular, reports that housing sales fell to record lows in July.

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The Takeaway

New Disappointing GDP Numbers

Friday, August 27, 2010

Revised GDP numbers for the second quarter — a key indicator of financial health for the country — have just come out, and they are disappointing for those who hoped the U.S. was improving economically. Growth was cut sharply to 1.6 percent in the second quarter, and though the drop isn't as bad as some economists feared, many are wondering if a double-dip recession is becoming a reality. What do the new numbers mean, and what can we do to improve our situation?

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The Takeaway

The Economy: Double-Dip or Mixed Results?

Friday, August 27, 2010

Federal Reserve chairman, Ben Bernanke speaks today at an annual Federal Reserve Bank of Kansas City economic symposium in Jackson Hole, Wyoming. What will Bernanke say about where our economy stands, in light of some recent grim numbers we've received this summer? And do we face a real threat of a "double-dip recession?"

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The Takeaway

The Agenda: Housing and GDP Numbers, Midterm Primaries, Remembering Ted Kennedy's Death

Monday, August 23, 2010

A number of economic indicators are due out this week, including existing and new home sales, and 2nd quarter GDP figures — all are expected to plummet. Charlie Herman, economics editor for The Takeaway and WNYC Radio, is describing this as a "slowdown" this week: "Right now, we're in the slow days of summer. The president is on vacation and Congress is in recess," he says.

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