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Gross Domestic Product Not A Good Measure Of Economic Health

The percentage of growth in GDP is used, at times, to measure health of the economy. The United States GDP estimate has been downgraded recently to just a couple percentage points. News reports often cite the Gross Domestic Product to explain the health of the economy. Economic progress, however, is far too complicated for one number to measure. The GDP is simply outdated. Article source – Why GDP is not the best measure of economic growth by MoneyBlogNewz.
What you need to know about the Gross Domestic Product
The entire value of goods and services in a country is represented by the GDP. GDP began as a measurement of the standard of living in various countries, however it is used in several other ways. Finding the GDP takes a special formula. It calls for adding up government spending, exports, gross investment and private consumption. Congress was given a report of Gross Domestic Product in 1934 for the first time. Simon Kuznets put it together. Decisions were made by the Federal Reserve on this. That is what the GDP was good for.
The information measured by the GDP
The limitations of the Gross Domestic Product have been clear for a long time. The “real” Gross Domestic Product is released by the Bureau for Economic Analysis that adjusts the number. Without that adjustment, the GDP would always appear to be growing with the rate of inflation. The Consumer Price Index, which is a way of measuring the inflation or deflation of the cost of most household goods, also has no impact on the Gross Domestic Product. Even though the American has less income if households go up by 400 percent, the GDP will go up.
Comparing GDP with credit card
Since negative numbers aren’t taken into account, the Gross Domestic Product has the biggest problem with that. To translate the Gross Domestic Product in terms of a household budget, it would be as if you calculated the health of your household finances based on how much money you spent — both in cash and on your credit cards. There are several things left out. There is the possibility a mortgage payment won’t be made, the spending budget could be damaged and eventually the cards have to be paid. Measuring the economic growth of the United States — or any country — based solely on Gross Domestic Product is too simplistic to be accurate.
Citations
The Money Alert
themoneyalert.com/GDP.html
Blogging Stocks
bloggingstocks.com/2010/09/10/economists-lower-2011-u-s-gdp-growth-forecasts-to-2-5/
Investopedia
investopedia.com/study-guide/cfa-exam/level-1/macroeconomics/cfa3.asp

Causes Of Economic Recession An Overview

Over the course of the past year there has been a significant amount of media attention being paid to the subject of economic recession. With that said, you may be like many people and find yourself worried about facing the prospect of an economic recession. But, you may not exactly know what are the causes of economic recession. Through this article, you are presented with an overview of some causes of economic recession. By way of this information, you will have a better idea of what you are facing when it comes an economic recession.
Generally speaking, when it comes to the causes of economic recession, there normally are a number of contribution factors. In other words, there tends to be a number of factors that combine to give rise to the causes of economic recession.
With that noted, one of the more significant causes of economic recession is inflation. In most instances, an inflationary period does precede a recession. In some instances, more significant inflation becomes one of the primary causes of economic recession. In the end, inflation has its most significant impact on consumers.
The national debt can also contribute to recession. The higher the national debt grows, the more money the government is forced to borrow in a particular fiscal year, the higher the odds are that a recession might be around the corner.
Beyond inflation and an increase in the national debt, a devaluation of the national currency can also be one of the causes of economic recession. In other words, when the currency exchange rate of a nation’s monetary unit becomes adverse, recession can be in the offing.
As was noted previously, in most instances these various causes of economic recession come together in advance of an actual recession. These different economic problems interplay with one another to cause a recession. Historically, when recessions have occurred, the existence of a number of these causes of economic recession could be seen contributing to the actually recession that ended up taking place.
A recession technically is said to be taking place when there is negative economic growth over the course of two consecutive quarters (or six months) in the course of a given year. These different causes of economic recession are all used as economic indicators to determine whether or not a recession is about to occur or is in fact occurring.
There are also some other causes of economic recession that can play into the mix. However, with that said, the causes of economic recession that have been noted in this article are the most common of these contributing factors, the causes of economic recession that are most commonly seen.

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Child Abuse in Religious Institutions Is the Fault of Governments As Much As Anyone Else

The irony of taking children born to unwed mothers and placing them in orphanages where they were ultimately abused is now coming to the fore. A tribunal in Australia is examining cases whereby many are now in a position where they can tell their stories and show the scars they bear from such treatment as that dealt out to them while in such an environment. The number being heard is large and the stories are horrific.

A few years ago an elderly friend told me of her experience in a Catholic orphanage. She was a child when her mother died and her age at that time escapes me but she was quite young. This is how many children became wards of the state and ended up in homes run by the religions. The trauma a young child would feel following her mum’s death is severe and today they would be treated for post-traumatic stress.

Instead of sympathy this poor woman received abuse. She was not allowed to cry or show pain and there was no one to cuddle her or read her a story at night before going to sleep. She cried only into her pillow so as not to be heard and she became a bed wetter. This brought the wrath of the nuns upon her. She could not change the bed and she was not given clean underpants. In fact the undergarments were only changed once a week on Fridays.

One can only imagine what this must have been like. When she reached 15 she was discharged from the orphanage with no skills for anything in the workforce except domestic duties. The nuns placed her in the local presbytery (priests home) to perform as a maid until she eventually met someone and married.

While caring for orphans in such a horrendous way is unforgivable the religions forced the governments to act against unmarried mothers in this way due to their beliefs that what they did is against God. The politicians upheld their view and acted accordingly. Now the victims are getting a chance to tell their stories and they are bringing tears to the eyes of those responsible who are still among the living.

Many victims of church related abuse, particularly of the sexual kind, have committed suicide. In that case it is their siblings who are relating their stories. Those who survived are often still traumatised fifty or more years afterwards.

Skymol Corporation Launches White Label Solution Of Its Live Video Chat Software Platform

Through the white label program, partners now can privately label Skymol’s best-in-class, on-demand live chat software platform and resell it to customers as their own.

“We’re excited to provide partners with the opportunity to expand their business offerings using Skymol’s cutting edge cloud-based live video chat solution,” said Thomas Morocz, Chief Strategy Officer & Co-Founder of Skymol Corporation. “Our reseller partners can benefit from the ability to provide SMEs with white labeled live video chat software offerings that provide aggressive remuneration,” continued Morocz.

The program provides partners with a number of benefits:

The platform is cloud-based, run on Skymols top tier servers located in datacenters in Houston, TX, USA, protected by industry standard security technology, such as firewalls and security analyzers using SSL (Secure Socket Layer) encryption, power backup and redundant Internet connectivity. There are no onsite servers to build, install or maintain.
Partners can utilize a white label customization interface that is available online to upload their header images and logos displayed in the chat windows, change window titles, colors, header and footer texts that will be shown to their own customer base.
Partners are provided with a FREE full featured Skymol Communicator Business Edition account with 1 agent license (seat). Additional agent licenses (seats) are available at discounted price for them.
Partners have direct contact with their clients. Skymol never contacts them, it communicates only with Partners.
Partners set their own prices and bill their customers.
Free technical support.
And much more.

We are committed to building our white label partner program and working with companies to provide the support they need to succeed in expanding their offerings with privately labeled Skymol technology, concluded Morocz.

Reseller partners interested in participating must meet certain criteria. Skymol will qualify reseller candidates to make sure that they have an applicable business to distribute the offering, and they also must meet minimum monthly revenue requirements to maintain all the benefits the program provides them. To ensure the success of new partners in the program, Skymol is providing training, tutorials and datasheets that can be branded. Skymol will also provide free technical support to white label partners. For more information on the Skymol White Label Partner Program, contact Thomas Morocz, Chief Strategy Officer at +82.10.7120.7551 or via e-mail at thomas.morocz [at] skymolcorp.com.

About Skymol Corporation
Skymol Corporation, a provider of technology facilitating on-demand real-time online customer interaction using voice, video, and text chat communications. Skymol has set itself apart as an innovator through its pioneering suite of applications, delivering its solutions to the enterprise and SME market. Its key mission is to pioneer live video chat solutions for sales and customer service. Skymol operates from Hungary, EU and runs an extensive Technology Development Center there. Its Asian division is based in Seoul, South Korea. Skymol’s competitors include Boldchat, Liveperson, Velaro and Talisma. For further details, please visit us at .

Unstable Economic Growth Rate Of United Kingdom

The economy of UK will keep dipping in and out of growth this year. According to Sir Mervyn King, the chief of Bank of England the UK economy will “zigzag” this year. The quarterly inflation reports of the bank stated that the economy will grow by about 1% and forecasts inflation will continue to fall in the coming months but now it now predicts inflation will decline towards 1.8% by 2014, not as low as the previous estimate of 1.3%.
Chief of Bank of England warned that the euro zone crisis remained a big risk. UK unemployment rose by 48,000 to 2.67 million in the three months to December, the smallest rise in almost a year. Though some of the business survey is showing a pick up in the economy at the start of this year, but said this may not last. It also forecast that inflation would drop to the government’s target of 2% by the end of 2012 and will fall further next year.
The fear is generating that UK is slipping back into a technical recession; the governor reiterated his warning that the recovery is likely to be ‘slow and uncertain. The inflation of UK is falling from its peak but it will stay above the target. The economy of UK has just suffered a quarter of contraction and could slide into a technical recession. Disruptions to the supply of oil could pose an upside risk to the inflation outlook. The extra Bank Holiday for the Queen’s Diamond Jubilee made it even harder than usual to interpret the official estimates of growth. The hard times remained tough and challenging for the UK economy, and there remained a number of factors that were completely unpredictable. Moreover there is no easy or quick remedy to tackle the current economic situation. Apply for quick finance at payday loans no credit check @ and get finance without any type of verification.
The slowdown in inflation would help economic recovery as people’s spending power became less squeezed. According to the reports released on Tuesday showed that Consumer Prices Index (CPI) inflation slowed to 3.6% in January, from December’s rate of 4.2%. The inflation chart appears to show that CPI will drop to around 1.8% in two years, higher than its November forecast of 1.27%. Millions of UK people spending power reduced sharply. The Bank is predicting a pick-up in growth to about 1.8% in 2013.

Sato Travel Government

Sato Travel government agency is the largest service provider of its kind in the United States with incredible ticket sales of nearly $4.2 billion per year. The agency has been functional for fifty years now and has the reputation of offering great travel conditions to the U.S. government worldwide. Sato Travel government agency offers not only airline tickets, hotel and car reservations, as it provides more special services too: like airport meeting, leisure travel or end-to-end voyage options. In the United States there are three hundred customer on-site offices, but the agency also has bureaus in ten other countries.

The strong points of Sato Travel government agency refer to a very advantageous fee policy, the possibility to book routine travel on the Internet, the chance to use vouchers, all activities being tackled with superior management skills. The needs of a military or a governmental traveler are unique in terms of service, which explains why there is a special organization to take care of national traveling exclusively. Sato Travel government policy relies on the use of the Defense Travel System that enables any military or government member to plan their trips in the best of conditions whether for work or leisure purposes.

Since its launch, Sato Travel government agency has served the purposes of the Department of Defense for good airline traffic at the highest extent. Thus, the agency covers all the details for the departure from the the booking and the specific estimates to the authorization approval. Moreover, the traveler receives weather updates as well as all sorts of tips for destination planning. The fees for the reservations are considerably lower as compared to any other travel agency. Yet, alarming reports and very serious accusations have been made concerning the purchase of millions of plane tickets that were never used or refunded, which equals with a very serious budget waste.

Presently, Sato Travel government agency works an official partner of FlyteComm, a top service provider of travel flight tracking solutions. The Sato Travel government clients receive recommendations for various kinds of flight tracking services that mainly cover real-flight data from a very large number of airports and airlines not only in the United States but everywhere in North America. The travel experience is thus expected to increase in terms of quality and efficiency, since the managing companies now have all the elements necessary to announce the flight traveling schedules of their passengers in the most advantageous of conditions.

Economics masquerading as Altruism

Economics masquerading as Altruism It is a human tendency of getting envious when someone else pose a threat to your stature or is on the verge of overtaking you in any field, one tries every possible methodology in order to retain his stature and do not even abstain himself from adopting devious methods in order to restore it. The above tendency is synonymous with the developed countries as well who are boggled by the pace at which the economic development of the developing countries is taking place. Global warming is a very grave issue and requires concerted efforts from both the developed and developing countries. The developed countries have perceived this issue in a very immature way by putting the onus of this problem on the developing economies irrespective of all the commercial activities being carried by them contributing to Global warming. It is indeed interesting to note that the emission levels had shot up unprecedently in the 1970’s but this issue was never heeded as the economies of the developed countries were blooming at that point of time. Eversince the late 1990’s the economies of the developing countries started to expand and that too at a rapid pace which made the developed economies wary of the threat being posed by the developing economies. In order to encumber their growth, they started using Global warming as a tool to fructify their objectives by masquerading this issue in an exaggerated manner. Recently during the Copenhagen meet, a lot of restrictions were being imposed on the developing economies in order to compel them to cut down on emissions. In a study it was found that U.S.A accounts for 25% of the Global emissions whereas developing countries like India accounts for a miniscule 0.2%. It is therefore imperative for the developed countries to get their facts right and try to cut emissions on their part rather than imposing unwarranted restrictions on the developing countries in order to curtail their Economic development. At the same time it is essential for both the developed as well as developing countries to join hands and work together with efficacy in order to tackle Global warming which is indeed a serious problem. It should be vacillated as the repercussions could be very dreading rather than finding out ways to retain economic supremacy by encumbering the growth of each other.

Major Uk Payday Loan Lender Taken Over By An American Corporation

Bury St Edmunds based Fortress, founded in 2004, continues to grow fast to turn into considered one of the UKs major cash advance lending businesses. Fortress is an fully online loan provider, and was set up with very best of breed IT techniques and compliance processes to let it to be scalable. It is growing rapidly since creation and a current review found it to be one of the leading five players in the industry. Fortress, which sells under the brand name 1 Month Loan offers quick unsecured loans to private individuals generally known as payday loans as they are designed to be paid back on payday. Such lending products have higher interest rates but their expense compares more positively to unauthorized overdraft facilities and they are a great deal easier to obtain than bank funding. For the consumers they are easy and confidential.

The business, which works totally online and sells under the name “1 Month Loan”, was launched in Cambridge in 2004 but moved in 2009 to Bury, where it presently employs about 50 men and women. The value of Think Finance’s purchase is not being disclosed, but Fortress chief executive Kieran Moulden claimed that, as a consequence of the new finance, the corporation planned to increase its internet business 10-fold, and increase its labourforce to between 150 and 200 over the next two years. These work opportunities would all be primarily based in Bury, he added, with the village having been determined in 2009 as an great place for growth and there being no plans to move or start offices in a different place as a consequence of the company’s purchase.

Payday credit is a mature industry in the Usa without a doubt there are a lot more payday lending shops than there are branches of McDonalds. The UNITED KINGDOM market is less developed but rising swiftly and is attractive to US acquirers as shown by the new arrangement by NASDAQ listed Dollar Financial Corp to purchase Purpose UK Holding the biggest UK payday lender for ?124M

Think Finance is certainly one of the USs best growing non-public businesses with three year profit growth of over 70% . Think Finance delivers revolutionary financial solutions which supply under-banked consumers with superior solutions for their financial demands mixing comfort, affordability, and transparency. Set up in 2001, Think Finance has served over 1 million buyers. The firm is privately held and backed by some of Silicon Valleys most respectable venture capital corporations, which includes Sequoia Capital and Technology Crossover Ventures. Think Finance will offer capital to support Fortresss enlargement. All of the Fortress Directors will remain with the company to direct its development.