Economics Chapter 10 Notes B

As Anti-Media often notes, these stories are not entirely unreported by the media. Sessions will speak to the committee in wake of former FBI Director James Comey’s testimony Thursday that raised questions about the AG’s meetings with Russian officials before President Trump was sworn into office and while Sessions was still a senator. Comey’s recent testimony before the Senate Select Committee on Intelligence, it is important that I have an opportunity to address these matters in the appropriate forum,” Sessions said in a Saturday letter to a House appropriations subcommittee. Leaking US military files was ‘responsibility to public’ – Manning in first interview after release RT – t was her responsibility to reveal classified military documents to the public, Chelsea Manning told ABC in her first interview after leaving prison, adding that she was unaware that the leaks could threaten US national security. No one told me to do this. Nobody directed me to do this.

The NBER’s Business Cycle Dating Committee

The Recession What is a Recession? When the business activity starts to rise again it is called an expansionary period. The average recession lasts about a year. A large part of the national budget had been shifted to the war with Iraq. Rapidly rising medical and pension costs for the elderly showed the lack of stable economic infrastructure.

Main countries of origin for refugees included Bosnia and Herzegovina, Serbia and Montenegro , and Turkey.

Scott Morrison wants you believe the budget’s strong enough to fund tax cuts. It isn’t, and the update makes that clear. As it is required to do, it spells out the stated aim of the budget – what the Coalition has pledged to achieve since its election – on page The aim is to “deliver sustainable budget surpluses, building to at least 1 per cent of GDP, as soon as possible, consistent with the medium-term fiscal strategy”. That’s a surplus of 1 per cent of gross domestic product, as soon as possible, consistent with quality spending and economic growth.

A budget surplus of just one half of one per cent of GDP by the end of the four year projection period. The May budget pencilled in 0. But it’s nothing like the 1 per cent of GDP the Coalition itself adopted as a target to be reached “as soon as possible”. And beyond those four years the graph in the update shows the surplus staying put at half a per cent of GDP right out to Weakening that budget position by giving some of it away, as the Prime Minister and Treasurer are hinting they will in next May’s budget, would be a further abrogation of a pledge the Coalition hasn’t come near fulfilling ever since it made it in Improving the budget, certainly improving it by the billions that would be needed to fund reasonable tax cuts, is hard.

Peter Martin

Demonocracy My question would be, where the heck are all of these so-called service jobs? How did offshoring jobs create them? T C Ross Perot gave warnings and even had flip charts showing exactly what would happen. Of course, everyone laughed and thought he was crazy.

They have to accelerate plans on all fronts; people are waking up too quickly.

The chronology comprises alternating dates of peaks and troughs in economic activity. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak. During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.

In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth. The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction.

The most recent example of such a judgment that was less than obvious was in , when the Committee determined that the contraction that began in was not a continuation of the one that began in , but rather a separate full recession. The Committee does not have a fixed definition of economic activity. It examines and compares the behavior of various measures of broad activity: The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve’s index of industrial production IP.

The Committee’s use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures. Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.

The NBER’s Business Cycle Dating Committee

Definition[ edit ] In a New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was two down consecutive quarters of GDP. Some economists prefer a definition of a 1. The NBER defines an economic recession as:

The eyes see, but the brain interprets and reacts.

Number of Individuals with Internet Access: Press freedom was a crucial factor in the formation of the American republic, and strict protections for the press were added to the United States Constitution just two years after it was ratified. European travelers observed the appetite for newspapers among ordinary American citizens and thought it a distinctive characteristic of the early Republic. Notably, Alexis de Tocqueville devoted large sections of his Democracy in America to his amazement at the amount of information from newspapers available to a common rural farmer.

From its independence from England into the twenty-first century, the U. Toward the end of the twentieth century, however, libel suits and libel law for private persons and corporations was less favorable to newspapers.

United States

The national flag consists of an equilateral white cross on a red background, each arm of the cross being one-sixth longer than its width. The Swiss franc SwFr of centimes, or rappen, is the national currency. There are coins of 1, 5, 10, 20, and 50 centimes and 1, 2, and 5 francs, and notes of 10, 20, 50, , , and 1, francs.

All four are quad- or octa-core designs boasting maximum clock speeds of 2.

The NBER typically announces that the economy is in a recession well after it has begun. Expansions cause unemployment rate to decrease. The economy is more stable because: Because durable goods are usually more expensive than services, during a recession households will cut back more on purchases of durables that they will on purchases of services.

Government programs enacted after the s have made it possible for workers who lose their jobs during recessions to have higher incomes and, therefore, to spend more than they would otherwise. Active federal government policies The economy is more stable because: In the years since World War 2, the federal government has actively tried to use microeconomic policy measures to end recessions and prolong expansions. Increased stability of the financial system The economy is more stable because: During the years after the great depression, institutional changes resulted in increased stability in the financial system.

Economic Fluctuations are irregular and unpredictable Fact 1. The term Business cycle is somewhat misleading because it suggests that economic fluctuations follow are regular, predictable pattern. In fact, economic fluctuations are not at all regular, and they are almost impossible to predict. Although many microeconomic variables fluctuate together, they fluctuate by different amounts.

As output falls, unemployment rises Fact 3.

Hispanic Identity Fades Across Generations as Immigrant Connections Fall Away

Bureau of Labor Statistics: GDP per capita [person], when converted to U. Countries with low GDP per capita and slow growth in GDP per capita are less able to satisfy basic needs for food, shelter, clothing, education, and health.

Environmental damage by industrial effl uents has slowed since the promulgation of the Water Pollution Control Law of , but there is still widespread pollution of lakes and rivers from household sources, especially by untreated sewage and phosphate-rich detergents.

However, much has happened since it went up, including the Blogger outage. Scroll down for a report on that. More new posts will be added below this one. The essay below is the conclusion of the ninth part in a series by Takuan Seiyo. See the list at the bottom of this post for links to the previous installments. Their main endeavor has been to enforce their compulsory e.

Econ: Chapter 10

See Data Sources The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. How does that relate to your recession dating procedure? As an example, the Committee has identified the period from the first quarter in to the third quarter in as a recession, despite the fact that real GDP was growing in some quarters during that episode and that real GDP was higher at the end of the recession than at the beginning.

As another example, the Committee did not declare a recession for or , even though the data at the time appeared to show a decline in economic activity though not for two quarters. Subsequent data revisions have erased these declines.

The May budget pencilled in 0.

At its meeting, the committee determined that a trough in business activity occurred in the U. The trough marks the end of the recession that began in December and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of and , both of which lasted 16 months. In determining that a trough occurred in June , the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity.

Rather, the committee determined only that the recession ended and a recovery began in that month. A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.


Low interest, plain vanilla cards rare from major issuers — To find low rates, cardholders have to look to smaller banks, credit unions That compares to 11 percent for Americans overall. See Millennials opening credit cards How to give the gift of travel — Giving the gift of trip or getaway takes care and planning so as not to spoil the surprise.

That is what arming bureaucrats is.

But two trends — a long-standing high intermarriage rate and a decade of declining Latin American immigration — are distancing some Americans with Hispanic ancestry from the life experiences of earlier generations, reducing the likelihood they call themselves Hispanic or Latino. Among the estimated The closer they are to their immigrant roots, the more likely Americans with Hispanic ancestry are to identify as Hispanic.

Similarly, second-generation adults with Hispanic ancestry the U. By the third generation — a group made up of the U. And by the fourth or higher generation U. Defining self-identified Hispanic and self-identified non-Hispanic This report explores the attitudes and experiences of two groups of adults.