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Daily News Analysis (Free subscription) | yesterday
India's economic growth fell sharply to 6.7% in 2008-09 after three years of over 9% expansion, largely on collapse in investments and fall in exports.
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The Skeptical Speculator (Free subscription) | yesterday
The OECD has raised its economic growth forecast for its members. From Bloomberg on Thursday: The Organization for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China powers a global recovery. The economy of the group’s 30 member countries will expand 1.9 percent next year and 2.5...
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Hindu (Free subscription) | 19/11/2009
HYDERABAD: C. Rangarajan, chairman of Economic Advisory Council to the Prime Minister, said he expected the Indian economy to pick up next year at the back of a significant growth rate in industrial sector in the second half of this year. ...
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SeekingAlpha Energy Stocks (Free subscription) | 19/11/2009
International Energy Agency (IEA) executive director Nobuo Tanaka noted that “world leaders gathering in Copenhagen next month for the UN Climate Summit have a historic opportunity to avert the worst effects of climate change” in a statement released following the publication of the 2009 World Energy Outlook. This analysis also concluded that, if more efficient methods of production can...
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Generic Confusion (Free subscription) | 19/11/2009
In response to an environmental press release, urging developed nations to just be less wealthy in the future, Warren Meyer of Coyote Blog has an excellent response. Assuming that such thinking is not just a crass excuse for totalitarian control, it represents an enormous failure of imagination. The author cannot imagine what benefits increased wealth would provide, so he assumes those benefits to...
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France24 (Free subscription) | 19/11/2009
President Barack Obama predicted the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession. "We have seen economic growth. We anticipate economic growth next quarter as well," Obama said in an interview with Fox News from China. In percentage terms, the US economy grew at a seasonally adjusted 3.5 percent annual rate in...
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People Daily (Free subscription) | 19/11/2009
BEIJING: China's economy is expected to grow by 9 percent next year on robust property and automobile sectors, chairman of CCXI, a China-based credit rating agency said Tuesday. Mao Zhenhua, the chairman, also forecast the country's GDP growth this year would expand by as much as 8.8 percent. He added China's economic growth for the next ten years would slightly fall from the peak in 2010 to around...
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Wisconsin Technology Network (Free subscription) | yesterday
A package of economic growth ideas proposed by Senate Democrats expands current tax credits and grant programs and adds new initiatives to spur business development and retention as well as worker training. The Wisconsin C.O.R.E. Jobs Act, (C.O.R.E. stands for Connecting Opportunity, Research, and Entrepreneurship) was introduced by State Senator Julie Lassa (D-Stevens Point) and Senator Pat Kreitlow...
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PrairiePundit (Free subscription) | yesterday
Jeb Hensarling and Paul Ryan: One of the strongest factors promoting recovery from our 10 post-World War II recessions was an unshakable conviction that, regardless of the immediate trouble, the American economy is fundamentally strong. Based on this underlying confidence, recessions and recoveries roughly conformed to the principle of the bigger the bust, the bigger the boom, and vice versa. Thus...
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France 24 (Free subscription) | yesterday
Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said Friday. "Profits earned should be used -- as priority -- to build capital and reserves, rather than to be paid out as dividends or undue compensation," Trichet told a banking conference here. He maintained that to weather...
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Dad29 (Free subscription) | yesterday
Ryan and Hensarling's essay in today's WSJ has a few interesting facts. Exhibit A is the economic stimulus package signed into law by President Barack Obama in February. Even among previous stimulus efforts, the 2009 stimulus stands out for its ineffective targeting and sheer size. With interest, it is $1.1 trillion, double the size of Roosevelt's New Deal spending as a percentage of GDP . That was...
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All Africa (Free subscription) | yesterday
A study recently conducted in 24 African countries shows that the poor state of infrastructure in Sub Saharan Africa - its electricity, water, roads, and information and communications technology (ICT) - cuts national economic growth by 2 percentage points every year and reduces business productivity by as much as 40 percent.
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Global Warming Clearinghouse (Free subscription) | yesterday
italic;"> A Look at Climate From Anthony Watts (Watts Up With That? italic;"> Today's Articles Media Sources Use the following portals/Blogs to see the major news articles not listed here. Climate Ark Carbon-Based Climate Change Fraud Greenie Watch Planet Gore/Newsbusters Tom Nelson Blog Solve Climate Climate Depot Gore Lied Grist Results From Today's Google Alert The Road to Copenhagen...
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The Business Insider (Free subscription) | yesterday
Honestly, we're not sure how an economy that's been in a near-constant deflationary slide since the early 90s can ever have a double-dip recession. Octuple-dip sounds more like it. But, Japanese leaders are out with a fresh warning that deflation is still causing new problems, and that despite some recent good economic growth (though we flagged it for being deflationary, mainly) a backslide is still...
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Vino's Political Blog (Free subscription) | yesterday
This article draws attention to a thesis put forward by Swaminathan Aiyar, a right-wing economist, that Indian economic growth would have been far more rapid and had human development benefits if it had moved to "liberalise" its economy earlier. Counterfactuals are always difficult to prove or disprove, but I would point out that the economic growth enjoyed by South Korea and Taiwan since...