#gdp
Morgen startet die dritte Verhandlungsrunde für den Tarifvertrag der Länder. Die ÖD-Gewerkschaft haben heute zum landesweiten Warnstreik aufgerufen. Über 5.500 Menschen haben in #Hannover vor dem Finanzministerium und auf dem Opernplatz ihre Forderungen lautstark unterstrichen.
Die Gewerkschaften fordern:
- Erhöhung der Entgelte um 10,5 %, mindestens aber um 500 € monatlich
- Erhöhung der Entgelte der Azubis, Studierenden und Praktikant*innen um 200 € monatlich
RT by @jungewelt: #StaatsfeindFußballfan: Das Dossier von @jungewelt, regelmäßig aktualisiert:
https://www.jungewelt.de/bibliothek/dossier/228/kategorie/1
#Fanrechte #Fanpolitik #Fanhilfen #Fananwälte #PolizeiProblem #Polizeigewalt #Ultras #Hooligans #Stadionverbot #Bundesliga #ZweiteLiga #DritteLiga #Fankriminelle #GdP #DPolG
Aktuelles: Die Gewerkschaft der Polizei Niedersachsen zeigt sich in einer Mitteilung „entsetzt“ über einen Kommentar der Braunschweiger Zeitung.
#polizei #gdp https://www.braunschweiger-zeitung.de/sport/eintracht-braunschweig/article240746254/ACAB-Debatte-Polizei-Gewerkschaft-kritisiert-BZ-Kommentar.html
U.S. Economic Outlook: Expansion Continues Into 2024
RSM US - December 5, 2023
“We expect that policy tailwinds from both the fiscal and monetary authorities will set the stage for strong productivity and growth in the years ahead as inflation eases back to a much more tolerable 2.5% to 3% range.”
https://realeconomy.rsmus.com/u-s-economic-outlook-expansion-continues-into-2024/
(FOTO) #Aversa. Vandalizzato l'arco ex #GdP
https://www.larampa.it/2023/12/foto-aversa-vandalizzato-arco-ex-gdp/
India’s ‘Amrit Kaal’: Hunger, Inequity and a $30-Trillion Economy
A near ten-fold increase in the size of the economy and per-capita GDP is being projected to be achieved in the next 25 years in the backdrop of poverty, hunger and unemployment, writes MG Devasahayam.
#economy #GDP #unemployment #hunger #poverty #india
https://thewire.in/economy/indias-amrit-kaal-hunger-inequity-and-a-30-trillion-economy
Aktuelles: Zwei Beiträge zum #demokratieschutz in der neuen Ausgabe der DP, der Mitgliederzeitung derGewerkschaft der Polizei. #GdP
美國GDP趨勢圖中可以看出只有2008年的金融海嘯對GDP產生下降趨勢，至於近幾年的新冠肺炎，理論上應該對全球經濟造成更大影響，卻反而只有兩季的下降。如此一來，新冠肺炎的兩季下降成為趨勢轉折的位置。
這應該是讓所有經濟學家們都需要特別關注的新冠肺炎影響，還創造出美國史上超快速的GDP上升速度。試想明明出現了居家令，讓經濟多數活動都暫停的狀態下，即使是經濟復甦，在達到一定程度後應該會逐漸趨緩，並回到原本的資源利用情況。
然而，美國的GDP所告訴我們的情況與理論其實是有所不同的。我們或許可以說美國經濟韌性足夠，但如果從資源角度來看，我們或許能說這是全舊的資源在支撐美國經濟。
#經濟 #財經 #經濟筆記 #AI數據分析 #AI #數據分析 #知識 #學習 #教育 #教學 #課程 #mathai #GDP #美國
‘Lost GDP’: What Is the Economic Cost of Climate Change?
#ClimateChange #ClimateMitigation #LostGDP #Globalarming
#ClimateEconomy #GlobalGDP #ClimateRisk #GDP #EConomy #DevelopingNations #SouthAsia #EconomicLosses #SPEconomicReport
https://the-14.com/lost-gdp-what-is-the-economic-cost-of-climate-change/
1984 is often cited as a banner year for the US economy -- giving Ronald Reagan a landslide re-election.
In 1984, #unemployment was 7%, #inflation was 3.8%, and #GDP growth was 6.9%.
Today, unemployment is 3.9%, inflation is 3.2%, and GDP last quarter grew at a rate of 5.2%.
THINGS ARE BETTER WITH #BIDEN
#BidenHarris2024
#PresidentBiden
#Politics
#PresidentBiden
#Economy
#Democrats
#DemocratsAbroad
If recent adjustments in #ONS #GDP data & the ongoing reformation of its #labour statistics continue, then as #inflation falls, the UK may look less of a regional economic outlier than it has in the last few years... but the Q. is will this have a positive impact on inwards #investment (or any investment for that matter)?
The problems of #productivity stagnation & the UK's ineffective #management persist, which may mean investors will continue to have reasons to look elsewhere?
Death notices for the surge in #globalisation that started in the 1990s have been posted for about as long as the process itself. Covid-19, the US-China conflict, climate change and the struggle for green industrial supremacy are all being offered as reasons for globalisation coming to a stop. And yet it moves.
Now, it’s true that the era of “#hyperglobalisation” from roughly 1992 to 2008, where trade grew markedly faster than global #GDP, is over.
https://www.ft.com/content/2021d931-4cbb-4d72-bddf-6a55b33c150d
Aktuelles: Terrorgefahr: "Gewappnet ist die Polizei gut"
#gdp
Der Schwerpunkt läge momentan "auf dem religiösen Terrorismus", so Jochen Kopelke, Bundesvorsitzender der Gewerkschaft der Polizei. Dieser Fokus sei "notwendig."
https://www.zdf.de/nachrichten-sendungen/zdf-morgenmagazin/terrorgefahr-polizei-100.html
https://www.moezine.com/867968/ ゴールドマン・サックスも驚くインドの圧倒的強さとは？日本とインドを繋ぐMayo氏らが大激論！ ゴールドマン・サックスも驚くインドの圧倒的強さとは？日本とインドを繋ぐMayo氏らが大激論！ 【Sponsored by 日本タタ・コンサルタンシー・サービシズ株式会社】 今年4月には中国を抜いて人口世界一となったインド。およそ世界人口の２割を占め、今後経済にも大きなインパクトを及ぼすのではと注目が集まっています。 すでにGoogleやMicrosoft、スターバックス、アドビ、IBMなど、世界的大企業のトップにもインド人材が次々と就任し、ビジネスにおいて、インドはもはや無視できない存在です。今後インドは世界をリードする存在となるのか？強烈な経済的追い上げを見せるインドの「強さ」とポテン… #announcer #GDP #mayo #newspicks #TheUPDATE #アナ #アナ美人 #インド #ニューズピックス #古坂大魔王 #女子アナ #女子アナ美人 #河村綾奈 #経済成長
Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes - BTC price encounters classic resistance as sellers refuse to let ... - https://cointelegraph.com/news/bitcoin-price-fails-38-5-k-breakout-us-gdp-fed-hard-landing #btcprice #bitcoin #gdp
#US : Real #GDP grows at an annual rate of 5.2% in Q3 vs 5.0% expected
https://www.fxstreet.com/amp/news/us-real-gdp-grows-at-an-annual-rate-of-52-in-q3-vs-50-expected-202311291334
How is the US economy, really?
'GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated.' - CNBC
https://www.cnbc.com/2023/11/29/us-gdp-grew-at-a-5point2percent-rate-in-the-third-quarter-even-stronger-than-first-indicated.html
Also, unemployment still under 4%; inflation is at 3.24%, compared to 3.70% last month and 7.75% last year. This is lower than the long term average of 3.28%. But much of the media is still talking like the economy is in trouble. That is simply not true.
#GDP #inflation #unemployment
"It's the economy, stupid"
Eurozone Economy to Stay Weak Through Year-End: ECB Chief
#LeidenUniversity has does some great work compiling the various metrics on socio-economic success that have been proposed either to complement #GDP or to replace it.
They've then arranged them in a large interactive venn diagram around three priorities:
* Wellbeing, Today;
* Inclusivty, Wellbeing for all;
* Sustainability, Wellbiign for the future
There is also a long list of national initiatives; If your thinking about alternatives to GDP this is a vital resource
📅 Key #Events this Week
🔵Nov 29
➡️ Q3 #GDP (preliminary revision) - Expected to remain unchanged at 4.9%.
📚 Release of the Beige Book (economic survey) by the Fed.
🔵Nov 30
➡️Meeting between SEC and #Ripple.
➡️Personal Consumption Expenditures (PCE) Price Index (Core PCE estimated to decrease from 3.7% to 3.5%).
🔵Dec 1
💬 Remarks by Federal Reserve Chair Jerome Powell.
🌍 Jerome Powell and Federal Reserve Board member Lisa Cook will engage in a discussion with local leaders in Atlanta.
What if economists are right and climate change will only cause a negligible drop in GDP this century? What if their amoral projections turn out to be correct?
As an example, the whole of Sub-Saharan Africa (where 1.2 billion people live) is just 2% of global GDP. If all these people were to disappear to economic models that's less than a year worth of growth.
A Look at the Real Growth Figures Amid the $4 Trillion GDP Hoax Story
The news of a strong GDP can influence public perception and confidence that the ruling government is effectively managing the country's economy. But let's take a look at the real growth story, writes Taniya Roy.
#economy #GDP #FMCG #labour #employment #labor #BJP #DevendraFadnavis #GautamAdani #disinformation #india
https://thewire.in/economy/real-growth-figures-4-trillion-gdp-hoax-story
India's economy has surpassed the $4 trillion-mark in nominal terms for the first time ever, marking a significant moment in the country's global presence. The achievement has been hailed by several BJP leaders, including Union minister Arjun Ram Meghwal and Maharashtra deputy chief minister Devendra Fadnavis, who praised the leadership of Prime Minister Modi. Billionaire Gautam Adani also congratulated India, predicting that it will become the third largest economy in the world within the next two years.
#India #GDP
https://timesofindia.indiatimes.com/business/india-business/indias-gdp-crosses-4-trillion-for-the-first-time-report/articleshow/105330667.cms
Kurzbericht der #gdp zur Verleihung des Deutschen Personalrätepreis an den Polizeihauptpersonalrat Niedersachsen.
#polizei #demokratieschutz #personalrätepreis
https://www.gdp.de/gdp/gdpnds.nsf/id/Nds_20231116_Personalraet?open&ccm=000
“The United States no longer faces a growth challenge from China, which now has an economy around 62 percent of the size of America’s.”
https://www.foreignaffairs.com/united-states/how-america-should-react-chinas-economic-slowdown
#china #economy #gdp #growth #natsec #foreignpolicy #politics #uspolitics #uspol
#Tunisia: #GDP growth in volume (adjusted for seasonal variations) fell by 0.2% in Q3 of 2023, compared with Q3 2022, while real GDP increased slightly by 0.1% Quartet on Quarter, according to preliminary estimates of @InsTunisia released Wednesday. http://www.tap.info.tn/en/Portal-Economy/16819826-gdp-growth-rate
Source: @TapNewsAgency
https://nitter.privacydev.net/TapNewsAgency/status/1724824822134231208#m
Japan’s economy shrank over the summer, pointing to the fragility of the country’s recovery in the face of uncertainties including currency weakness, prolonged inflation and a cloudy outlook overseas. https://www.japantimes.co.jp/business/2023/11/15/economy/japan-gdp-shrinks/?utm_content=buffer2c96c&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #economy #gdp #japaneseeconomy #economicindicators #boj
Japan’s economy likely shrank over the summer as the impact of trade weighed on the nation’s sputtering recovery, a result that would support continued caution at the central bank. https://www.japantimes.co.jp/business/2023/11/14/economy/japan-gdp-forecast/?utm_content=bufferb26b2&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #economy #japaneseeconomy #gdp #economicindicators #trade
This article by Noah Smith gave me pause for thought. There’s plenty of people talking about ‘degrowth’ at the moment and, I have to say, that I don’t know enough to have an opinion.
It’s really easy to get swept up in what other people who broadly share your outlook on life are sharing and discussing. While I definitely agree that […]
https://thoughtshrapnel.com/2023/11/13/is-the-only-sustainable-growth-degrowth/
Weil es an Wertschätzung für die Arbeit in Verwaltungen und Betrieben der Länder fehlt und die Arbeitgeber bisher kein Angebot vorgelegt haben, gehen die Beschäftigten auf die Straße. In #Niedersachsen rollt die Warnstreikwelle diese Woche durch #Braunschweig, #Oldenburg, #Lüneburg und #Hannover.
Zusammen geht mehr!
#verdi #GEW #GdP #IGBAU #Gewerkschaft #DGB #TVL #ÖffentlicherDienst #Streik #Warnstreik
#經濟圖表 英國GDP趨勢圖
在GDP的季資料上，仍可以得到短期趨勢變化。從英國的10年GDP季資料中可以計算得到3段穩定且精準的趨勢線，同時也證實新冠肺炎對英國GDP的影響發生在2020年第二季，成為新趨勢的開始。
受到新冠肺炎衝擊後，英國經濟復甦的力道非常快速，此時可使用新冠肺炎前的趨勢，做時間的自然增長後，可以發現2022年第一季開始，英國GDP值已經超越新冠肺炎前的趨勢增長，同時也反映新趨勢的增長力道更快於過往。
所以，英國的經濟真的不好嗎?或許我們得看看實質GDP的趨勢變化會更有代表性。
#投資 #理財 #經濟 #財經 #知識 #學習 #教育 #教學 #課程 #AI #AI數據分析 #數據分析 #mathai #英國 #GDP
Expect the government to crow about how wonderful they are that we're not yet in a recession.
That's bollocks, of course.
Yes, we are not technically in a recession, but that's going to be of little comfort to people sleeping on the streets in tents (if #LegionellaSuella doesn't confiscate them) or having to turn to food banks or switch off their heating because they can't afford the energy bills.
Whatever the #GDP figures say, the economy is in a poor state
GDP growth in the last quarter--under Biden--was 4.9%.
It's not a Ramaswamy dream of growth. It's arrived under Biden.
#US #GDP by city. Guess where #SanFrancisco ranks? 4. Not bad right. Silicon Valley. Home of FAANG.
Well would you ever #travel there?
https://www.tiktok.com/@freqmeek/video/7296537311276256555
#Capitalism is not free markets: https://mas.to/@jackofalltrades/109977457126672562
It is a system of employers and employees:
https://mas.to/@jackofalltrades/111245689119919882
What #GDP measures: https://mas.to/@jackofalltrades/109842100515223661
Mainstream #economics is a religion: https://mas.to/@jackofalltrades/110118899120303334
Why capitalism and solving #ClimateChange are at odds: https://mas.to/@jackofalltrades/110430464147472454
🧵 9/
I'm not a #doomer, but #collapse-aware. Looking for ways to turn things around: https://mas.to/@jackofalltrades/110027604661067203 and https://mas.to/@jackofalltrades/109990113296310198
#Degrowth is the right idea: https://mas.to/@jackofalltrades/110683313244872670 however it's politically impossible: https://mas.to/@jackofalltrades/110431373094497084
#GDP #growth and #emissions are strongly linked: https://mas.to/@jackofalltrades/110909533107613073 and https://mas.to/@jackofalltrades/110793069634402306
Fossil fuels subsidize us: https://mas.to/@jackofalltrades/110949488347424310
What would it actually take to reduce #emissions: https://mas.to/@jackofalltrades/111065398522921928
🧵 7/
We get the Q3 GDP figures on Friday, which will tell us whether or not we're heading for recession.
But honestly, I'm not sure it matters either way.
GDP has always been an imperfect measure of the health of the economy, but with the #CostOfLivingCrisis and rampant inequality we have now, it seems spectacularly imperfect.
I would like to propose we focus on a new, more meaningful, measure of economic health.
How about an index based on the demand for food banks?
#kabuki play #MacArthur were censored after consequence of #perlharbor
#zaibatsu of the nation was crushed and redistribution of lands took place
as the big brother then wanted to appear more noble than the communist #china and dreams of the fascist bureaucrats came true
even the ministry of finance which controlled #intrestrates ( price of money) didnt control #credit creation \allocation ( quantity of money \ value of loan and enterprise [1]) central bank
[1]: the goal was to encourage #consumerism at any cost
why does it sound so familiar to #softbank op in #india #startup ecosystem , although it didnt go a long way. Like in a #war #economy surviving enterprise wouldn't compete for profit , but for market share. This was excess competition , later dealt by window guidance in banks , to create cartels controlled by banks. #freemarket hypothesis failed. With the creation of national #bonds , national #debt grew . This d be followed by creation of a bubble handy to central bank and then liberalized the economy. Asset prices hit to roof, Then the people with money ( even from #manufacturing ) wanted to benefit from their own speculation and made #zaitech #hedgefunds . Land value\loan was ~300 pc in 87. It bought 75% of us treasury bonds .
#history
#economists are idiots and so are ( i am sorry to say) most of their #books
- #trade surplus is a powerful as gold standard , if a country has it, it can just print and print money and buy out the entities abroad #gdpthis does leadvto systemic #banking #risk non gdp loans\ total loans USA has once lent houses against stocks as collatoral, #stockexchange shot up then busted , #incomeinequality of course rises in such craziness#tax payer can only foot the bill and book lossesthis is #moralhazardat the end of the day does it curb #homelessness ?i mean securitisation of #realestate requires deregulationthis led to one party rule in #japan, which shifted the economic center of the nation from banks to stock market and productivity from manufacturing to #services. The message was> no recovery without structural reformthat also increases the gap between the rich and the poor , job loss and #foreclosurestrade surplus alone isnt sustainableif you re allowed to borrow from abroad ,local interest rates ll rise to favor that currency you ll be bound to peg your currency to that currency and your #forex reserves ll depleteGross current account balance, if its maintained by the loans from abroad, that counts as export not import
U.S. net saving as a percentage of gross national income
https://fred.stlouisfed.org/series/W207RC1Q156SBEA
#ycombinator #national_income #gni #savings #gross #percent #net #nipa #income #bea #gdp #quarterly #nation #public_domain_citation_requested #usa #Economic_Data #FRED #St_Louis_Fed #Federal_Reserve
Wenn der Täter nicht Polizist ist, wird direkt wieder mehr Überwachung gefordert.
Fick dich Andreas Roßkopf von der Gewerkschaft der #Polizei (#GdP).
https://youtube.com/watch?v=PnzGt6VVifI (ungefähr bei 4 min)
Making the world a happier, fairer, safer place seems like an idea that most people can get behind. But how do you do it? Although there’s a relationship between average self-reported happiness of a population and increased GDP per capita, there are notable outliers.
So, what to do? Focus on other numbers as well. This article talks about measuring […]
#Lithuania's real #GDP totalled EUR 53.2bn at current prices in M9/2023, which was down 0.5% from a year earlier. In Q3/2023, the GDP totalled EUR 19.2bn, which was up 0.1% on year.
https://viabaltica.fi/lithuania-gdp-down-0-5-in-m9-2023-up-0-1-in-q3-2023/
RT by @ecfin: Euro area #GDP -0.1% in Q3 2023, +0.1% compared with Q3 2022: preliminary flash estimate from #Eurostat https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-31102023-BP
🐦🔗: https://nitter.cz/EU_Eurostat/status/1719293146285420612#m
[2023-10-31 10:00 UTC]
"The welfare of a nation can scarcely be inferred from a measure of national income"
— economist Simon Kuznets, who created the GDP measurement for the Commerce Department in 1934
"the keepers of GDP have had pressure to change GDP from this measure of the market economy to one that measures economic welfare"
— economist Steve Landefeld, who ran the Bureau of Economic Analysis, which publishes US GDP
https://www.marketplace.org/2023/09/01/gdp-measure-of-economic-growth/
—
#economics #GDP #welfare #SocialWelfare
Article: Economic growth so strong, Republicans are literally speechless
GDP growth at 4.9%
Unemployment at 3.8%
Inflation falling to 2.4%
336,000 jobs added in September
Why all the economic doom and gloom?
"When will Americans stop worrying and learn to love the U.S. economy?"
Opinion by Catherine Rampell
#Economy #Inflation #GDP #Growth
https://www.washingtonpost.com/opinions/2023/10/26/economy-growth-third-quarter-optimism/
GDP is not a valuable indicator of a successful society
#economics #degrowth #gdp #wagetheft #profit #profits #corporatism #welfarefortherich #prosperity
The #US #economy grew by an annual rate of 4.9% in the 3rd quarter, the strongest pace since 2021, as spending — by families, businesses & the government — accelerated, even in the face of fast-rising borrowing costs.
New govt data released Thurs by the Bureau of Economic Analysis shows that #GDP expanded between July & September, capping 5 straight quarters of growth & eluding a long-feared #recession.
https://www.washingtonpost.com/business/2023/10/26/gdp-third-quarter-economy-growth/
Fresh #GDP data shows U.S. #economy grew at blistering pace in third quarter - ABC News https://stocks.apple.com/A9E8MwlzGRuaepyppTqWjBQ
GDP Report Shows Economy Grew at 4.9% Rate in Third Quarter
The Wall Street Journal - October 26, 2023
“Economists estimated gross domestic product grew at a seasonally- and inflation-adjusted 4.7% annual rate in the third quarter—more than double the second quarter’s 2.1% pace.”
https://www.wsj.com/economy/central-banking/us-gdp-economy-third-quarter-f247fa45
Ganz genau!
Und deshalb sind #Gewerkschaften und Betriebs- und Personaräte so wichtig, um die Interessen der Beschäftigten zu schützen und ihre Arbeitsbedingungen zu verbessern.
Jetzt mit dabei sein: https://www.dgb.de/service/mitglied-werden/
#Gewerkschaft #IGMetall #IGBCE #verdi #EVG #GEW #IGBAU #NGG #GdP #DGB #Mitbestimmung #Tarifvertrag #Betriebsrat #Personalrat
In 2023, Japan's GDP will contract, and will drop to be the just the 4th largest economy and will be overtaken by Germany.
PROJECTED (GDP size)
1. United States
2. China
3. Germany ⬆️
4. Japan ⬇️
#Japan #MaiNichi #Asia #GDP #Ranking #Economy #Business
https://mainichi.jp/english/articles/20231024/p2g/00m/0bu/001000c
"#ExtremeHeat this year may have cost the #Texas #economy $24 billion, or reduced the state’s nominal gross domestic product, or #GDP, by about 1 percentage point in 2023.
Texas is twice as vulnerable to heat-related economic slowdowns as the rest of the country."
Tell me again how it's #climate action that's so "expensive".
https://www.texastribune.org/2023/10/18/texas-economy-summer-heat-climate-change-dallas-fed/
Since it was always unlikely that world trade would even approach 100% of global #GDP, the fact that international trade peaked at 60% in 2008 & since has fallen back slightly is likely not to be a major indicator of global economic crisis.... even if some commentators seem to be reading it as such.
What this looks like to me is the beginning of a period when global trade sits in the range of 50%-60% depending on short term issues.
But, this isn't to say signs of crisis don't lie elsewhere!
#WorkingTime variations between countries can affect measures of #productivity markedly.
Was looking today at rankings at the back of #theeconomist for a number of relatively rich countries in 2022. The piece I read covered #GDP per head in $ at the prevailing exchange rate, the same adjusted for cost and price differences and the latter adjusted for hours worked. Some #European countries do very much better on the third measure whereas #Asian countries like #Japan and #Korea do much worse.
«During the 1960s, #US public and private R&D investment accounted for almost 70% of the global total. Today is less than 30% of the world’s total. Twenty nations now match/exceed US R&D intensity, with public and private spending near or in excess of 2% of #GDP per year. In absolute dollars, #China spends approximately the same amount as the US. China has nearly 2 million full-time equivalent researchers now, compared with the United States’ 1.5 million.»
https://issues.org/global-science-technology-policy-guile-wagner/
#research #dev
He says #GDP growth trumps #climate and #EcologicalSafety
"I’m mindful of the fact that if there’s one thing that has killed growth in the last 13 years – and it has been killed – it’s the chopping and changing lack of strategic thinking. And therefore, as a matter of principle, we will accept, as it were, the baseline that we inherit from the government if we win that election.”
Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, “You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing.”
“That's not true”, responded the second economist.
“We increased the GDP by $200!”
— u/kspacewalk2 on reddit
the “US economy going strong under Biden” thinkpieces feel like gaslighting.
housing and food costs are through the roof, wages mostly stagnant, but corps are posting record profits so gdp goes up.
if Biden loses this it’ll be in part because he failed to reign in corporate profits.
Weil die Polizeigewerkschaft #GdP mal wieder #Videoüberwachung incl. #Livezugriff in allen #Zügen fordert:
Professor Chris May discusses the implications of the revisions made to the UK’s GDP data and reasoning behind the revisions.
#ONS #GDP
@ChrisMayLA6
https://northwestbylines.co.uk/politics/economy/ons-revised-the-uks-gdp-data-is-it-good-or-bad-news/
The Index of Sustainable Economic Welfare (ISEW) is an economic indicator intended to replace the gross domestic product (GDP).
ISEW = personal consumption
+ public non-defensive expenditures
- private defensive expenditures
+ capital formation
+ services from domestic labor
- costs of environmental degradation
- depreciation of natural capital
Naively wishing humanity to 'make decisions' for things to get better won't make things get better.
https://en.wikipedia.org/wiki/Index_of_Sustainable_Economic_Welfare
Is green growth happening? An empirical analysis of achieved versus Paris-compliant #CO2–#GDP decoupling in high-income countries
The decoupling rates achieved in high-income countries are #inadequate for meeting the #climate and equity commitments of the #ParisAgreement and cannot legitimately be considered #green. If green is to be consistent with the Paris Agreement, then high-income countries have not achieved green growth.
https://www.thelancet.com/journals/lanplh/article/PIIS2542-5196(23)00174-2/fulltext
"The rapidly growing African continent of more than 1.3 billion people is losing 5% to 15% of its #GDP growth every year to the widespread impacts of #ClimateChange, according to [Kenya's President] Ruto. It’s a source of deep frustration in the resource-rich region that contributes by far the least to global warming."
https://apnews.com/article/africa-climate-summit-kenya-cc6f0a694ea12a1d42371df8f0fdee69
#wages #gdp #capitalism
The only way #ai won't be a tool to further this trend is if AI itself is used to dismantle capitalism.
Well #RishiSunak has just had a lucky break... #ONS data revisions suggest that while the UK was still in the lower part of the distribution of #GDP recovery after the #pandemic, it is now not an outlier.
To be clear, while this is welcome news for the #Tories, the recovery was still among the lowest in the G7 & nothing to be celebrating in absolute terms.
But you can bet this will be treated as a vindication by the #Tories in their nascent #election campaign (& miss-reported in the media)!
Die Gewerkschaft der Polizei #GdP fordert mal wieder #Vorratsdatenspeicherung. Diesmal ist der Vorwand … 🥁 … Schleusungskriminalität. Nein, Massenüberwachung aller ist in Demokratien keine Option! Die Lösung lautet: gezieltes Ermitteln. @EP_GreensEFA https://www.gdp.de/gdp/gdpbupo.nsf/id/de_kampf-gegen-schleusungskriminalitaet?utm_source=dlvr.it&utm_medium=mastodon
@jackiegardina yeah, that's what I thought so too...
Not that it's exclusive to the #USA but considering it's (quite skewed it it's favour) #HDI and #GDP per capita it should have like free healthcare, childcare and education!
After all, far "less off" nations do that...
https://www.youtube.com/watch?v=ejoAG5n19iE&t=16s
"Wir brauchen keine immer neuen Debatten über #Clankriminalität."
Call me crazy, aber ich finde nicht, dass wir uns von der #Polizei darüber belehren lassen müssten, oder sollten, worüber wir als #Demokratie politische Debatten führen. #GdP #GdPNRW
What will a bigger BRICS mean? | Inside Story
‘A wall of BRICS’: The significance of adding six new members to the bloc
“The #IMF analysis found the total subsidies for #oil, #gas and #coal in 2022 were $7tn (£5.5tn). That is equivalent to 7% of global #GDP and almost double what the world spends on #education.”
“#ExplicitSubsidies, which cut the price of fuels for consumers, doubled in 2022 as countries responded to the higher energy prices resulting from Russia’s war in Ukraine. Rich households benefited far more from these than poor ones,”
"Sweltering temperatures fanned by #GlobalWarming will cost [#Australia's] economy up to $423 billion over the next four decades, reduce the nation’s production of wheat, and leave taxpayers footing the bill for more expensive natural disasters."
In GDP-speak: This is about 0.44% of #GDP every year.
(For comparison, GDP growth averages about 2.2%)
Climate action is not expensive:
Doing nothing is.
Saudi Arabia and Iran among new members invited to BRICS bloc
BRICS expansion: Egypt, Iran, Saudi Arabia & UAE invited
Leaders of BRICS member states gathering in South Africa for second day of alliance's annual summit
Russian President Vladimir Putin talks about Russia’s growing isolation & global economic turmoil
Indian PM Narendra Modi says greater cooperation in tech field will make members 'future-ready’
Consumption-based CO₂ emissions per capita vs. GDP per capita show a very strong correlation.
Notice how the bottom right of the chart is empty. There is not a single country that has high GDP with low emissions.
Perhaps it is impossible to optimize for high #GDP and lower #CO2 emissions at the same time, at least in the timescale necessary to prevent catastrophic #ClimateChange. Nations would do better focusing on other metrics of wellbeing.
https://ourworldindata.org/grapher/consumption-co2-per-capita-vs-gdppc?yScale=log
“Accounting for increased health costs, supply-chain problems, falling crop yields, reduced exports and more, it estimated that the #costs of #ClimateChange will knock more than five per cent from the national #GDP by 2095, compared to what it would be in a world with a stable #climate. ..At that point, the #AnnualCost of dealing with disaster after disaster, and the hits to health, productivity and more will add up to $100 billion annually.”
Chris Riddell (Observer) sums up my view(s) one this week #GDP announcement....
UK's second Q 'growth' in #GDP = 0.2% - while allowing the UK to continue to avoid a 'technical' #recession, for those thinking growth is the answer, things look pretty grim....
Whether this is the right measure for #economic 'success' is fo course another matter - here is something I wrote in response to earlier Q. announcement of GDP figures - really we might be better advised to think differently about our economic plight....
These models are used to compare reducing emissions options (#mitigation) given specific policy goals (e.g., limiting warming to 1.5°C). In contrast to cost-benefit #IAMs, they do *not* include a feedback from temperature change on population or economy (GDP).
The only effect on GDP are costs from #ClimatePolicy - benefits from avoiding flooding or fires are ignored *by assumption*.
It's a one-way street: #population & #GDP to baseline-vs-mitigation scenarios (i.e., different #warming levels).
To review the (draft) update of national #SSP projections for #GDP and #population, you can...
1. View the data via our interactive #ScenarioExplorer hosted by the #IIASA #ScenarioServices team
2. Download the full dataset as xlsx
3. Access the data via our #Python or #Rstats API
And with our #opensource package #pyam_iamc, it's as easy as the snippet below...
... to get something that's just like a #pandas #DataFrame - but better!
The #SharedSocioEconomicPathways (#SSP) are the foundation of #ClimateChange #Mitigation research - but the underlying national projections 📈 of #GDP and #population are outdated...
So the #IAMconsortium & #ICONICS are starting an update & review 📝 process! Please contribute and comment on the review-projections!
👉 https://data.ece.iiasa.ac.at/ssp
There's an overlap between the people who hate capitalism but insist that we need economic growth.
If you're one of these people, did you know that GDP was designed to measure the welfare of capitalism? *Welfare* of capitalism
What the heck are we doing?
#Capitalism #DeGrowth #Economics #ClimateCrisis #ClimateChange #EconomicGrowth #GDP #LessIsMore #JasonHickel
In 2012 the #IPCC concluded that #ClimateChange causes more economic loss (in absolute terms) in the global #north and more economic loss (as a percentage of #GDP), and more #death, in the global #south.
https://www.ipcc.ch/site/assets/uploads/2018/03/SREX_FD_SPM_final-2.pdf
PS: I assume that's still true. But if it's changing, could anyone point me to research on how it's changing?
I know this all sounds counterintuitive, but #GDP doesn't really measure how well people in a country live or how efficient the system is. All it measures is how fast the cogs in the machine turn, regardless if the machine does any useful work.
Recently I've been thinking about how #climateChange is going to affect the #economy. First measure I wanted to look at is #GDP.
🧵...
At the #BeyondGrowth conference, ERC grantee @g_kallis goes as far as advocating a #degrowth model to replace the one based on #GDP, saying economies can – indeed must – prosper in a way that reduces #inequality & improves #wellbeing
👉 https://bit.ly/3O95Vm4
@HorizonMagEU
🐦🔗: https://n.respublicae.eu/ERC_Research/status/1658094929850273792
I can't recommend this short #film enough.
The Great Simplification - Film on energy, environment, and our future.
"We're all alive during the #carbon pulse" 🛢️ ⛽
We are draining Earth's "energy battery" 🔋 millions of times faster than it was trickle charged by photosynthesis ☀️ 🌳. https://www.thegreatsimplification.com/animations
#history #future #FossilFuels #EnergyBlind #GDP #power
#wisdom #sustainability #degrowth #EnergyEfficency
The U.S. economy slowed in the first quarter, with GDP growing only 1.1%, compared to 2.6% the previous quarter.
The AP explores the question: How will we know if we're in a recession?
https://apnews.com/article/recession-gdp-economy-inflation-interest-rates-growth-b6276997368000bdd2bb12bdcf34f3b8
After Ronald Reagan was inaugurated in 1981, US debt as a percentage of GDP rose precipitously. It had previously fallen and had leveled off.
#uspol #uspolitics #RonaldReagan #neocon #USDebt #GDP #Republican #FiscalConservativeMyAss #MilitaryIndustrialComplex #TaxCuts #TaxTheRich
Immigrants make countries richer: the economist David McWilliams writes https://www.irishtimes.com/opinion/2023/02/04/david-mcwilliams-immigrants-like-my-grandparents-are-job-creators-not-job-takers/ #Immigration #GDP #GNP #Ireland
He writes: "In the 1850s, an anti-Irish political movement called the Know-Nothing party emerged in America as a response to the 990,000 Irish who emigrated to the US between 1851 and 1860 – 83 per cent of all immigrants to the US.
"We would do well to remember that."
A meta analysis of 850 peer-reviewed papers by Tim Parrique and others supports what Zoe Cohen writes in the @TheGuardian
#GDP, resource use, and #GHG emissions cannot be decoupled.
Much like a malignant tumor...
...Growth = Death.
It’s Jan 2023, so it’s time for some benchmarking about the US #economy
Remember how you’ve been told nonstop by the media about all the Suffering From #Inflation™️? Well, here is <real> consumption since 2018 & compared to the Lost Decade
Remember how the Oracle of Summer(s) & co railed against #Biden & the ARP, saying it would cause “overheating” & was “the least responsible economic policy in 40 years”? Well, here is real #GDP, back on trend after only 2 years, again compared to 2008-18
🧐
#GDP
---
RT @CNBCnow
U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom https://cnb.cx/3HxWJDX
https://twitter.com/CNBCnow/status/1618602627025235968
"The problem here is that we need to update our analysis of the relationship between productivity growth and equality. They once grew together: as the economy grew, so did workers’ share of a rapidly growing pie. But that link was broken in the 1980s. Whether the economy was stagnating or growing, the rich have been taking a bigger slice of the cake for decades now"
#UKPolitics #UKEconomy #Growth #Productivity #GreenEconomy #GDP #Inequality #Redistribution
https://www.theguardian.com/commentisfree/2023/jan/26/britain-growth-crises-productivity-wealth-inequality-80s-green
Mapped: The World’s Countries Compared by 20 Key Metrics
#DataVisualization #Countries #GDP #Metrics
https://www.visualcapitalist.com/cp/worlds-countries-compared-by-20-metrics-animated-map/
Ok die #GdP kann definitiv auch weg. Ich dachte, populistischer Müll ist nur was für die #DPolG? /MS #LetzteGeneration #Endloshaft
---
RT @MDRAktuell
Gewerkschaft der Polizei fordert bundesweite Vorbeugehaft gegen Klimaaktivisten - nach Vorbild Bayerns. Gewerkschaftschef Kopelke sagte @rnd.de, es sei ein wirksames Instrument der Gefahrenabwehr. Gleiche Standards seien notwendig.
https://twitter.com/MDRAktuell/status/1595344221698924544
Hello! I have lived a long time and paid close attention.
I Studied Mathematics, Physics and Molecular Biology at Oxford and the O&U, and am passionate about human rights and justice especially with reference to the evils of capitalism, ecological destruction and religious fundamentalism.
As a species we progressed from individual to family and then to tribal survival and selfishness. We didn't make it to global cooperation and that means that the majority of our current crises are insoluble.
My conclusion is that the Capitalist paradigm on top of the worst features of human nature, especially greed, present an existential threat to humanity and the planetary ecosystem. The question I ask everyone is:
"Is there an ecological economic alternative to capitalist growth that can gain political traction?"
The best plank of a solution to many, but still not all, of these problems is #Degrowth However it is both necessary and politically impossible at present, so we need a transition catalyst. There is no value in the continual re-statement of the blindingly obvious issues of climate change and inequality. We need practical solutions, urgent massive and global, for all our children and grandchildren.
My list of urgent problems we face, some existential, is:
Political: No Global cooperation. Degrowth transition policies absent from Manifestos. Dictators and Populism. Fossil-Fuel and other Capitalist lobbying. Green-washing.
Military: Conflicts. Technologies including L.A.W.S., WMD.
Economic: Capitalism & Growth. GDP as driving metric. Greed & Inequality. Over-consumption by the 1%. Corporations & Company Law. Subsidies for fossil fuels. Debt.
Industrial: Plastic production and waste. Chemical Pollution including from Solar PV production. Steel & Concrete use including in renewable energy. Material Footprint coupled to GDP.
Agricultural: Beef & other meat production. Soil Degradation. Fisheries collapse. Climate change forcing crop changes. Food Miles. Crop failure.
Climate & Ecology: Carbon footprint & GHG emissions. Deforestation. Species extinction. Sea-level rise. Desertification. Coral reef destruction. Inertia of Climate change in the pipeline. IPCC compromise. COP failure.
Projections: Computer models tuned/sanitised to ~linear scenarios, feedback loops and Tipping points underestimated, e.g. permafrost and ice-sheet melt, methane clathrate gun ~2000 Gt. Tipping points and cascade.
Health & Social: Poverty & famine. Refugee crises, from war, famine, sea-level rise. Discrimination, by race, religion, colour. Zoonotic Pandemics. Child Mortality. Antibiotic resistance. Mental Health. Climate stress. Drug abuse. Religious extremism.
Information & Computing: Intellectual property including crops, medicines and vaccines. AI and the Singularity. Surveillance Society. Mis-information and Conspiracies.
Population size and growth: 8bn, forecast 10.9bn by 2100, stabilising at ~12bn.
(more here https://ourworldindata.org/#entries )
#HumanRights #Justice #Equality #AntiCapitalism #GreenNewDeal #GDP #Inequality #EcologicalEcomonics #GlobalWarming #ClimateChange #ClimateCrisis #ClimateEmergency #PaleBlueDot #JustStopOil #Coal #Pollution #MicroPlastics #Renewables #RenewableEnergy #EnergyCrisis #EnergyTransition #AntiTheist #Linguistics #PoliticalScience #Consciousness #FreeWill #Introduction
"Oh, there is hope, an infinite amount of hope - just not for us." Franz Kafka :earth: