China’s Growth in GDP

Our Principles of Macroeconomic classes have been learning more about GDP – how it is measured, and what levels of GDP growth are sustainable. The New York Times reported significant growth in GDP for China for the 4th quarter and all of 2010…

China’s economy grew at a higher-than-expected rate of 9.8 percent in . . . → Read More: China’s Growth in GDP

Are we losing faith that hard work brings success?

I have recently been thinking about differences in values held by people in high income countries with big governments and those with smaller governments. In my last post I looked at evidence from the World Values Survey of differences in qualities that people consider are important for children to learn. One of the differences . . . → Read More: Are We Losing Faith That Hard Work Brings Success?

Daily Ranking - Most Insured

Daily Beast has Pittsburgh at #11 on a list of most insured places in the nation.

So the question why comes up when this stat pops up and it’s pretty simple.  A combination of Pennsylvania’s CHIP and a lot of folks covered by Medicare together add up for us.  Pennsylvania pops up disproportionately on . . . → Read More: Daily Ranking – Most Insured

Economic Events on January 20, 2011

At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 420,000 new jobless claims last week, which would would be 25,000 less than the number released last week.

At 10:00 AM EST, the Existing Home Sales report for December will be released.  The consensus . . . → Read More: Economic Events on January 20, 2011