Podcasts about gdp gross domestic product

In this conversation, Zach Abraham explains the concept of GDP (Gross Domestic Product) and its significance. He discusses how GDP is calculated and the difference between nominal GDP and real GDP. Zach also highlights the potential understatement of inflation and its impact on GDP growth. He further explores the concept of hedonic adjustments and their […]

In this conversation, Zach Abraham explains the concept of GDP (Gross Domestic Product) and its significance. He discusses how GDP is calculated and the difference between nominal GDP and real GDP. Zach also highlights the potential understatement of inflation and its impact on GDP growth. He further explores the concept of hedonic adjustments and their role in measuring inflation. The conversation concludes with a discussion on the complexity of the current economic environment and the importance of caution.

Welcome to the American Railroading Podcast! In this episode our host Don Walsh, is joined by guest Todd Tranausky, VP of Rail and Intermodal at FTR, based in Houston, TX. Together they delve into the U.S. Economy and rail's role in it. They discuss rail's long history of contributions to the U.S. Economy, give a deep-dive breakdown of our economy, as well as where the rail industry and our economy are today and indicators to look for regarding where we're headed. Tune in to this episode now to gain valuable insights and broaden your understanding of American Railroading. You can find the episode on the American Railroading Podcast's official website at www.AmericanRailroading.net . Welcome aboard! KEY POINTS:  The American Railroading Podcast is now ranked in the top 10% of all podcasts globally!The first U.S. railroad was said to have begun in the late 1700's, and railroads have contributed to the U.S. economy ever since by moving freight and uniting the country with an unprecedented transportation network.In 1860 railroads carried 3.2 billion ton-miles of freight. In 2018 that number skyrocketed to 1.7 trillion ton-miles.The U.S. GDP (Gross Domestic Product) has normalized since the initial post-pandemic highs.Although inflation is high, we're still experiencing slow growth.Just-in-time inventory versus just-in-case inventory, it's a balancing act.The current new home market has affected railcar movements, such as lumber products.Intermodal rail is a driving economic factor because a lot of consumer goods are moved that way.Todd tells us what key economic indicator to keep an eye on the most.The new American Railroading merchandise should be available on our website at www.AmericanRailroading.net by the time our September 2023 episode airs!The deadline for nominations for the Honor our Heroes gift package is 08/31/23. Instructions on how to submit a nominee are given at the end of the episode. LINKS MENTIONED:  https://www.americanrailroading.net/  https://therevolutionrailgroup.com/  https://www.buymeacoffee.com/dwalshX  https://www.americanhistory.SI.edu  https://www.up.com/  https://www.aar.org/

Dwayne starts off todays show with a huge "Thank You" to the Gumbo Nation. The Fed Raises Rates. What does that mean for you? Your Chef Dwayne Stein breaks down the latest data provided from the Fed Chairman. Later Dwayne and cohost James Parker dig into the latest inflation numbers, and the GDP (Gross Domestic Product) numbers are in as well. Finally the guys discuss Foreclosures, and end the show with your questions from the mailbag. All that and more on Mortgage Gumbo w/ Dwayne Stein 7/29/23 Personal NMLS175109 / Branch NMLS851695 / Company NMLS3029 CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. All loans subject to underwriting approval.

Max Keiser, Sr. Bitcoin advisor to President Bukele, predicts BTC skyrocketing to $1,000,000 per coin, as El Salvador becomes debt free. "By 2030, Volcano Energy's market capitalization will exceed El Salvador's GDP (Gross Domestic Product) of $29 billion and reach $50 billion, as we expand geothermal mining and the Bitcoin price skyrockets to $1 million per coin. It is a mathematical certainty. This country will be debt free by 2030 with BTC and geothermal Bitcoin mining." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin pioneer Max Keiser, chairman of Volcano Energy, a sustainable BTC mining company in El Salvador, predicts how Bitcoin will soar to $1,000,000 per coin. "By 2030, Volcano Energy's market capitalization will exceed El Salvador's GDP (Gross Domestic Product) of $29 billion and reach $50 billion, as we expand geothermal mining and the Bitcoin price skyrockets to $1 million per coin. It is a mathematical certainty. This country will be debt free by 2030 with BTC and geothermal Bitcoin mining." Learn more about your ad choices. Visit megaphone.fm/adchoices

With news headlines proclaiming the UK has ‘narrowly avoided a recession', we decode the ‘r' word and explain why this sometimes misleading term is one the ONS is often cautious to avoid. We get the lowdown on GDP (Gross Domestic Product); discuss whether its time as the yardstick for measuring the success or failure of the world's economies is coming to an end; and hear how the ONS is already looking well ‘Beyond GDP' and introducing broader measures of social wellbeing and the environment to provide us with a more holistic view of how society is faring.  Joining Miles is ONS Director of Economic Statistics, Darren Morgan, Chief Economist, Grant Fitzner; and Director of Public Policy Analysis, Liz McKeown.  Links Latest GDP data Measures of National Well-being Beyond GDP   Transcript  MILES FLETCHER  Welcome again to Statistically Speaking the official podcast of the UK's Office for National Statistics. I'm Miles Fletcher, and this time, we're going to talk about a very famous and long running statistic that's still regarded as the single most important economic indicator of them all. I'm talking of course about GDP (Gross Domestic Product), the expansion or contraction of which is the yardstick against which the success or failure of the world's economies is measured. It's been around a long time, since around the time of the Second World War, in fact, but is its pre-eminence now coming to an end? GDP misses some things out - that which matters, as was once memorably claimed. So we'll be talking about how the ONS has been updating GDP to keep it relevant and developing new complementary measures of economic and social wellbeing that could perhaps, in future, supplant GDP itself. And in the current economic climate, we cannot avoid the “R” word. What exactly is a recession? How much does it actually matter, if it's only a technical one? Is it the difference between economic disaster and salvation? Spoiler alert, it really isn't.   Anyway, we have a panel of top ONS folk to explain it all: Darren Morgan is director of economic statistics production and analysis, Grant Fitzner is Chief Economist and director of macro-economic statistics and analysis, and also with us is Liz McKeown, Director of Public Policy Analysis, who is leading the drive towards these broader measures on social and economic welfare.   Welcome, everyone.   Darren to start with you. You are responsible for the production of the UK's GDP estimates. So let's start by reminding ourselves what precisely it measures, it's basically seeking to put a value on all economic activity over a given period.     DARREN MORGAN  Yeah, so we look at GDP and we measure the economy in three different ways. First of all, we do it via what you call the output approach, and most simply, that's everything that's produced in the economy, and that can be cars rolling off the production line, that can be a lawyer providing advice as a service, and it can be public services as well. So surgeries, GP appointments and so on. So everything we produce in the economy. We also look at measuring the economy, everything that is spent, so that could be you and I in household, spending money in the shops or on leisure activities. It can be businesses spending money on goods and services. And it can also mean the government spending money, so everything we spend as well. And the third way we measure GDP is the income approach, which is basically everything that's earned in the economy. So for us in terms of households that's wages and salaries, for businesses it's profit, for example. So we measure everything we produce, everything we spend and everything we earn, and in principle, they should all add up.    MF  And you're boiling it down then, a vast amount of data flowing into the ONS, boiling it all down to one single indicator.   DM  We do, and we do that by approaching thousands and thousands of businesses asking them about their performance. We speak to thousands of households about their behaviour. And we also use a lot of data already available withing government, so what we call administrative data - data that already exists. And we bring all those different data sources into the building, we look at it and we confront it, and we come up with ultimately, as you suggest, a single number on the growth of the economy.   MF What's changed in the in the collection of data now? How timely a process is this?     DM  So in the UK, we've got one of the timeliest measures of the economy in the world. And we only have one of two countries who produce a monthly measure the economy, so we do it much more quickly, and obviously it is completely different to how we did it say, even 10 or 15 years ago. We collect most of our data now from businesses online. Whereas previously we used to send a questionnaire to them, used to write the questionnaire and they would send it back to us, and that could take a week or weeks to do that. Businesses can fill the form in now sat at their desk online, do it very quickly and it reaches us straightaway.   MF  And you mentioned administrative data as well. So that's coming from other parts of government. What are the main sources there? How is that gathered?   DM  So that's correct. So what we try to do is minimise the burden on businesses and households, so some businesses may have to complete a tax return to HMRC for example. So we are able to use that information and bring it in, so that's one example. Pay As You Earn, people who use pay as you earn systems, will be well aware that we use that in our labour market numbers. But we use lots of different sources that are already available across government, and we reuse them for statistical purposes, like I said, to provide better estimates, because that data tends to be very good, but also to minimise the burden, as I said on households and businesses at the same time.   MF  And what is the coverage, in terms of what's included, how has that evolved in recent years?  DM  So in a way, in terms of what we call the boundary, the economic boundary, that has actually stayed very similar over a long period of time. It is very traditional in terms of the boundary we measure. So, like I said, it's sort of business activities, household activity and government activity. But it is along those lines about how much is produced, how much is spent, how much is earned, but the boundary for the economy has been very similar for 50 years.   MF  Nevertheless, there are some things included in GDP which might surprise some people. For example, in the most recent GDP release we talked about the fall in the number of pupils in classrooms in the last quarter of 2022.  DM  The public services was actually a really key indicator for the number that we published for December, and we saw a fall in the number of GP appointments, a fall in the number of operations, less vaccinations being given because the autumn booster campaign tailed off. And we also saw lower attendance in schools, because in the lead up to Christmas not so many pupils will go into school as we normally see. And the reason why we measure that, as you can imagine we measure teacher salaries, doctor salaries, we measure how much is invested in the health service, how much is invested in schools, and obviously those schools and hospitals buy goods and services. So, it's a really important part of the economy. So of course we measure the goods and services that they produce as well. It's a really important part of the economic measurement for GDP.  MF  And I think I'm going to use it to motivate my children in the mornings as well. When they go off to school I'll be reminding them of their contribution to our economic performance.  DM  They certainly are. So it's a really good way to get them through the school day, Miles.   MF  But there's a serious point underlying this, and there's a bit of a propaganda point for the ONS here as well, as it because we are actually taking real measurements of public sector activity, and it's been said that some countries just make broad assumptions about that activity. What do we do that other countries don't?   DM  You're absolutely right, Miles. And that became most marked during the lockdowns during, the COVID pandemic. So we measured, if I can give schools and education as an example, we actually measured how much education was being provided to pupils during a lockdown, whether that was face-to-face in schools, or whether it was remote learning, or whether unfortunately, in some cases, there was no learning at all. We measured that directly, whereas perhaps some other countries basically measured the number of pupils. So as you can imagine, the number of pupils is the same whether they are getting taught or not. So in the pandemic we showed a sharp fall in education during some of the lock downs, but we've seen a faster recovery in the years that followed. Whereas if you look at other countries, their measurement of education has been far more stable over the most recent years because the numbers of pupils doesn't really change.  MF   They are pretending that the schools were open, when in fact, they weren't. Anyway, that's just part of this enormous data gathering operation, bringing in all this data, and it takes around about six weeks to produce the preliminary estimate, which you say is among the quickest of the estimates, but of course that's only part of the story, isn't it?   DM  That's pretty quick, six weeks, but we do produce an estimate for all three measures, we produce a measurement how much is produced, how much is spent, and how much is earned at that point in time. So we do that, but obviously, we only have so much data at that point. You know, we have quite a lot of data to actually because those surveys are very timely, but not everything.  MF  As a percentage, it's about 40% isn't it?  DM  That's correct. But obviously our data collection doesn't stop at that point. We continue to bring new data in. And that's why we publish the latest estimate, which covers more detail, more granularity, different parts of the economy. And that additional data that's brought in allows us to do that at a later stage.   MF  You have a couple more months to produce that one, and that's based on pretty much all of the data we're going to get.   DM  Yeah, it's over 90% of that stage, it's about 90%. So yes, we have between the first estimate and the second estimate, we do get a lot more data in.  MF  And therein lies, what some people might say is one of the weaknesses of GDP, and particularly when making quick assumptions about the economy. There's a trade-off here isn't there, about wanting to know broadly where the economy is going, and making really, really hard and fast assumptions about what's happening. And therein lies the whole issue of revisions, revising GDP. Now, it's important for everyone to understand that when the ONS revises GDP, it's not correcting its mistakes is it.  DM  What you're describing there Miles is a classic tension in statistical production. So we could say to everybody, our users, no, we're not going to publish anything until we get all that data, all that 90% of data. But to do that, you're going to have to wait about 80 days. Or what we could do is drag an earlier estimate based on less data, but still not a really good estimate, but you could have that 40 days quicker, 50 days quicker. So you know, there's that tension between timeliness and quality. And I think the way we do it, I think it's brilliant. We published two estimates initially, and that's for the quarter. The one that's a bit quicker based on less data, and the one later based on more data content. But what we do to help our users is we have a really detailed revisions analysis between those estimates, so people can look and judge typically, how often and how much is that data revised when we publish. So they have the full information in front of them to make judgments if they have to. And I think we strike the right balance taking that approach.   MF  What is the ONS' track record in doing this? Because have there been occasions perhaps, as has been suggested, sometimes that the early data can be misleading, and in fact, the economy might be heading in the opposite direction.   DM  So if you're looking at revisions analysis, it's pretty good, you know, within the first estimate, and that second estimate, and so revisions are typically very small, and importantly, unbiased, they're equally likely to be a revision up or a revision down, and that's really, really important. I think when a real spotlight is shone on revisions, that's when the economy is around zero, you know if you have a 0.1 revision, which is a small revision if your economy is going along at 0.8, 0.7%. You know, whether it's 0.7, 0.6 and so on, people go ‘Ah, so what?'. But if the economy is going around zero, or 0.1 or –0.1, that 0.1 revision can change the sign, and people get very excited about that. But actually, it's a 0.1 revision, and that's when the spotlight is really, like I said, is shone on the revisions performance  MF  As it was in our most recent estimate of quarterly GDP, the final quarter of 2022 when there was a big fat zero in terms of growth. Now, that led to headlines in some very respectable media organisations that went “UK narrowly avoided recession”. Well, did we?  DM  So we did technically yes, we did. Absolutely. Because it wasn't negative. That was our Q3 estimate of the economy was for a four, so if Q4 fell for economic growth, a technical recession, which is widely recognised as two consecutive quarters of negative growth. Yes, we would have been in a technical recession. But I think you've just highlighted how it makes sense to look more broadly at the economy because whether it was 0, or –0.1, 0.1, how different really was the economy at that point in time? I would say the economy was broadly flat.  MF  Because if you're beholden to this idea of a technical recession, a couple of months down the line we might say hang on, our better estimate based on 95% of the data says actually it was just slightly down, and therefore the headline writers say, “Oh, we were in recession after all.”  DM  Exactly. I think that just highlights, again, being sensible in terms of how you look at the economy overall, because really the economy, if it's a 0.1 revision ,if that's what happens in it in a few weeks time, is the economy fundamentally different to what it is at that moment? I would suggest not, but you're right, I would imagine that it would get splashed that the UK is now in recession, and coverage will be significant because of that.   MF  And it's fair to say that in the past these technical recessions, there was a double-dip recession wasn't there about 10 years ago, that made a lot of headlines at the time. It's not in the figures anymore.   DM  No, it's not. It's been revised and that period of our economic history when we were around that flat period for the economy. So the revisions have been relatively small in that period, but you're right, we were in recession and because we had revisions from later data, we no longer were. And as you suggested people got very excited about that. But really, Miles, the economy was in exactly the same position as it was in our first estimate.   MF  So a strong message there listeners, when you hear people talk about a technical recession, bear in mind, that may not be what it sounds like. In fact, it probably almost certainly isn't.  DM  Good advice, Miles.   MF   Grant, to bring you in on this then, from an economist's perspective, it's fair to say then that in fact, there's no definition of a recession that's really official or formally accepted anywhere. It's certainly not something that the ONS talks about.   GRANT FITZNER  No, I mean, ultimately, it's a matter of judgement. And of course, economists spend a lot of time arguing about these things. In fact, it was so bad in the US that academic economists, as part of the National Bureau of Economic Research set up a committee to discuss and agree on when business cycles were, well when recessions started and when they ended, so that when they were comparing their research they were all working off a common framework. Now, that sounds great, but the problem of course is with this being academics, they looked at a wide range of data, and they typically took several years after a recession had occurred before they would put definitive data out of it. Now, that's fine if you're publishing economic history, but if you're a journalist or indeed if you're working at the Office for National Statistics and you want to have an idea of what's going on now, you need something that's a bit closer to real time, and that does, as Darren said, involve a degree of judgement. But I think it's fair to say that the common sense understanding of a recession is a prolonged and significant downturn in economic activity. So not just one or two quarters, and not just a 0.1, but actually something a bit more substantial, as indeed we've seen in the 70s and the 80s, and of course, in the global financial crisis that kicked off in 2008. So they typically last for a while, and they do have quite a significant impact on the economy, households and business.   MF  In fact, that's a lot more serious isn't it, than the definition that's used as a sort of working rule of thumb, which is two consecutive quarters of economic contraction. In fact the origins of that are very murky, really, nobody actually seems to know precisely where it came from. One of President Nixon's speech writers seems to be the main suspect.   GF  Well, possibly, but it has been more widely used. I think journalists need something quick and simple to understand, and I guess this meets the bill. But imagine if you had a –0.1 in one quarter and then a –0.1 in the next, and then they were subsequently revised away, I don't think anyone would seriously call that a recession. And just the point about the length as well, if you look at the 70s, 80s, or 90s, recessions typically last about three years. That's how long it took for the level of economic activity to get back to the pre-recession levels, and indeed for the global financial crisis that kicked off in 2008, it took four and a half years before growth was back at pre-recession levels, so an incredibly long time. And I think just looking at the pandemic and the impact that that had in 2020, it's a very different set of events. We had two negative quarters and then the economy started to recover after of course, a very large fall. Now that's unusual. And of course that was because of this shock of the pandemic and lockdowns. Whereas typically, these things take quite a bit longer to kind of work their way through the system.   MF  And if you look at the path of GDP on the time-series graphic on the ONS website, it really goes off a ski slope doesn't it, really quite dramatically as the pandemic starts and then kind of sharply recovers, and then it's kind of clawing its way back now.   GF  That's right. And so things are often slower than we may be used to in recent years. And to give you an example of that, at the moment, we have the Bank of England raising rates quite aggressively so interest rates have gone up, mortgages have gone up, businesses are facing higher costs of borrowing, but the labour market still looks pretty robust. Now historically, if you look at past recessions, there's always a bit of a lag between, for example, central bank tightening or some sort of supply shock and for that to work its way through in terms of employment, business, profitability, and so forth. So these things often take longer than people expect. Now, I'm not saying of course, that that means we're in a prolonged economic downturn. I mean forecasters differ as to how severe and how long the current period of economic weakness is likely to be and indeed, people disagree on whether we may even enter recession this year. It's that close.   MF  But we'll know if we're in a significant downturn, a genuine recession or whatever label we want to apply, when it happens, but at the moment we seem to be in sort of somewhere in between. Disappointing though that might be for headline writers.  GF  And the sort of things that you would typically look at would be more businesses going out of business, so business liquidations, weak retail spending, which of course we have seen, driven by the big increase in the cost of living over the past six months, and significant increases in the level of unemployment. Those are three of the things that you would typically look at. Possibly also weaker industrial production is often associated with recessions as well.   MF  So does that suggest then, talking about the action being in those other indicators, does that period for the economy, perhaps an economy on the cusp of growth and contraction, does that highlight one of the major limitations of GDP as a measure? How seriously do economists regard it now? Does it remain that big, totemic bellwether of economic success or failure?   GF  Well it is a broad and pretty comprehensive measure, so it does include income, expenditure and output. So a lot of what you would typically consider economic activity, but of course it doesn't cover everything. It doesn't cover anything produced in households, at the moment it doesn't properly capture what's going on in the natural environment. So it's certainly not broad enough to cover every kind of activity that produces something of value. And it typically focuses on things that can be measured or quantified, or have a value ascribed to them. So the market sector is the largest part of the economy that we measure through gross domestic product, because there's also the non-market sector, public sector charities, etc. They are a bit harder to measure. One of the interesting differences between the UK approach and some other countries is that we spent quite a bit of time trying to measure not just how much we spend on health and education, but as Darren said, what actual activity, what outputs, are we getting from that investment?   MF  Yeah, I mentioned at the top of the podcast, there's this famous quote from Robert Kennedy, of course, famously US Attorney General and then presidential candidate. He actually said the problem with GDP is it does not allow for the health of our children, the quality of their education or the joy of their play. It doesn't include the beauty of our poetry or the strength of our marriages, intelligence of our public debate or the integrity of public officials, etcetera, etcetera. It seems to me that the demand then for more holistic measures of well-being or progress, in fact goes well beyond economics, but is there more that economics can contribute? And what is the ONS doing towards that?   GF  Yes, there is more that we can do. And indeed, we have been doing that. So we've created a series of what we call satellite accounts, which measure either different parts of the economy or activity, or indeed measure things that are currently outside of what we call the national accounts. So for example, we've been publishing at the ONS for quite some time now an annual series of natural capital accounts, which tried to convey you what's been produced out there in the environment. Clean air, for example, is an output of trees and vegetation and parks. We try and put estimates around those. Now, of course, there's some challenging methodological issues about how you measure some of these things, but I think we've had quite some success in actually putting some values around those. And at the international level, the current system of national accounts was devised back in 2010, there's quite a lively, if indeed statisticians can have a lively debate, around what the next system of national accounts will look like, which is due to come in 2025. And one of those very issues is do we start to bring the environment more into those measurements.  MF  So not quite the beauty of our poetry but certainly the landscape, the value of our environment.   GF  Exactly. And I suppose the other misconception about GDP is people often see it as a measure of well-being. It was never really designed to play that role. It's a measure of economic activity. Now, of course, there's a clear link between economic activity, prosperity, and well-being, but they're not the same concept.   MF   So in order to be more inclusive, and to fully reflect activity in its broadest sense, we're having to go much further than that. And a bold initiative in that direction, started more than a decade ago now, was the national well-being programme launched by the then Prime Minister David Cameron.   Liz McKeown, the National well-being programme was, it was not taken wholly seriously. I recall at the time it was dubbed as Cameron's Happiness Index, and the idea that we could dump GDP and inflation and so forth was taken with some mirth. Ten years on, how far have we come to developing alternative measures like that, and how seriously have they been taken?  LIZ MCKEOWN  I think we've come a long way, but perhaps it's worth us looking back to those days of 2010 and what we did then, we wanted to know what matters most to people. And we went out and asked them and we had over 34,000 responses to that debate. And that allowed us to start measuring well-being for the first time as a national statistical Institute, that debate, understanding what really mattered to the public, getting those responses allowed us to develop 10 domains of well-being. These are the things that people were saying really mattered to how they felt as individuals, as a community, and you know, ultimately as a nation. And the domains that we developed there were personal well-being, they were our relationships, our health, what we do, where we live, our personal finances, our education and skills, the economy, governance, and the environment. And under those 10 domains, we developed a number of measures, both objective and subjective, which allowed us to begin to get to that question of how are we doing as the UK in a more holistic way than economic measures can do alone.   MF  And what story has that told over the years? How were we doing? How are we doing?   LM  I think it opens a new lens and allows us to think about that quite differently. Perhaps I could take an example of how we thought about well-being during the pandemic, there we were wanting to understand what's the impact of lockdowns more broadly, and we could use wellbeing measures to help us understand that. We could see how personal well-being and levels of loneliness were, you know, really negatively impacted during the lockdown, and then we could see the improvements as we came out of them. We could see how that differed by how men and women were doing. We saw during the pandemic women's well-being falling below men's for the first time, and so we could understand a different dimension of how society was reacting to one of the big issues of our time.   MF  And when we ask people how happy they are, they tend to give quite a positive response, don't they?   LM  Well, I think it's important to say that wellbeing goes beyond just asking people how happy they are. So personal well-being does look at people's happiness, it looks at their levels of anxiety, and it looks at how satisfied they are with their life and how worthwhile they think the things in their life are. But the broader concept of wellbeing is understanding how people are doing across these domains that I mentioned earlier.   MF  Now this isn't just suddenly what's been going on in the UK, there's something of a global movement to broaden out our approach to measuring not just personal well-being, but economic well-being as well. And an important part of that is the UN's Sustainable Development Goals. And put quite simply, it's a global initiative to find out if the world is becoming a better place, and to set targets and then policies from that.  LM  Yeah, absolutely Miles. And I think it reflects doesn't it that people do want to understand progress in that multi-dimensional way. They want to understand not just how we're doing economically, but actually what the impact on our environment is, what the impact on our society is. And those indicator-based approaches, be they the well-being measures that we've developed here in the UK, be they the Sustainable Development Goals, they're allowing us to take that broader check on progress or sort of multi-dimensional check on progress and allows us to see things that we couldn't see if we were only looking at the core economic statistics that you were discussing with colleagues earlier.   MF  Now on GDP day when the ONS produces its quarterly estimates of economic performance in that traditional sense that we talked about with Darren, there are two important publications that do get slightly overlooked on the day but are well worth highlighting now. And the first of those is one entitled quality of life in the UK. Sounds intriguing. Tell us about that.   LM  These two publications we added to the mix on GDP day last year, and why did we do that? I think it really wanted to reflect how important it is that we look at progress in that multi-dimensional way that I was talking about earlier. That we give people the chance to see not just what the latest economic data is telling us, but we are also looking at how life is going for people in the UK, and that's where the quality of life in the UK publication comes in.  MF  Break down the elements for that if you would, tell us what sort of narrative it's providing at the moment about our quality of life.   LM  Yeah, so this is a publication that every quarter looks across those 10 domains of national well-being, personal well-being, relationships, health what we do where we live personal finance, economy, education skills governance in the environment. It looks at the measures we have under those domains and says well, what news have we got from the last quarter. And I won't go through all that here, I encourage you to go and have a read of it, it makes interesting reading. But for example, on the personal well-being side, we have seen in the last quarter a drop in the percentage of adults who've seen very high levels of life satisfaction and happiness. There's been a decrease in that. So that's one to watch, and one to keep an eye out for. But the publication goes across the 10 domains and yeah, as I said Miles, well worth a read   MF  An interesting alternative view as well at a time when the classic economic data was showing a big zero reading. In fact, there's another aspect in which an awful lot is going on, and obviously a downward trend there in some respects, at least.   LM  Absolutely. And users are telling us that they want to understand what's going on across the country in a more holistic sense and understand a bit more about our societal measures, but also about our environmental measures. And I guess that sort of takes us on to the other publication that we put out on GDP day on climate change insights. And if you take all those three publications as a whole, so the quarterly GDP figures, the quality of life in the UK and the climate change insights publication, you're basically allowing the public policymakers to look and understand, okay, what's the latest developments in the economy? What's the latest developments in society and people's well-being and what's the latest environmental developments? And it's allowing us to begin to answer that question, how is the UK doing in a much more holistic way than we've been able to before.  MF  So I guess what I'm taking away from this lightning tour of a fascinating and extremely diverse environment, is that when you see headlines saying the economy is neither growing nor contracting, there's a much, much bigger story out there and there's a much bigger story to be learned by looking at the ONS data.   LM  That's exactly right. And we're not standing still either as an office as well. We want to make sure that what we're measuring is still what matters most to people. As I said, that's how we started the well-being programme in the first place by going out to the nation and asking them what matters most. That was over a decade ago, and obviously, a lot has changed over the last 10 years. So it felt like a good time to take that step back and think, are we still measuring the best things to measure in our well-being programme, and the National Statistician kicked off a review of those measures back in October. So we're working through that at the moment and in the spring we'll be presenting some recommendations for how we can do this even better in the future.   MF   And where do you think is going to lead? Do you think GDP might be toppled off its perch and we'll be able to produce one big comprehensive indicator that would bring in all that economic activity as well? Is that Is that where we're headed?   LM  I think GDP will always be an influential statistic. As a measure of the productive economy there are huge strengths to it. And strengths are continuing to increase as it becomes, as I think Darren mentioned earlier, more timely, better quality. So GDP is important and will remain important for ONS. But we also know that looking at progress more broadly than GDP is more important than ever to members of the public who want to understand how we're doing, but also to policymakers who are looking at future policies and providing statistics and insights that help both the public and policymakers to make the best possible decisions. That is what we are, as a national statistical institute all, about. So GDP, important, but actually having a full range of data and statistics and insights that go beyond that. That's where the future is.  MF  Darren, as the person responsible for producing GDP, that's a challenge for the future then?  DARREN MORGAN  That's right and I think Liz summed it up really well. I think GDP is important, but it's not everything.   MF   Well thanks very much to all our guests for a fascinating discussion there, and we'll put links to some of the ONS publications we discussed in the programme notes for further reading.   I'm Miles Fletcher. And thanks for listening to Statistically Speaking. You can subscribe to new episodes of the podcast on Spotify, Apple podcasts, and all the other major podcast platforms. With thanks to our producer Steve Milne, it's time to say, until next time, goodbye. 

OUTLINE of today's show with TIMECODESMore young, fit athletes die. As basketball player goes down, why is it that the players are crying? 2:49A look back at 1986 when the nation was startled that a basketball died of a heart attack and it triggered an investigation 7:41More student athletes die, ages 16 & 18 11:36Biden Moves to Ban Gas Ovens and Ranges. Consumer bureaucrats claim they have emissions that increase childhood asthma like 2nd hand smoke. Prove it. And show your authority under the Constitution. 18:59California is going to ban all trucks with 2009 and older engines. 28:30UK study by Cambridge University shows that installing insulation only saves money for 1 or 2 years. After that savings disappear! Why? 35:21Finns hoarding torches, heat pumps, solar panels and firewood. 39:00Why don't media care about the terrorist attack on a Las Vegas power plant? 44:51Warnings of genocide against Christian Armenians 54:30Swiss central bank has had a MASSIVE loss — equivalent to 1/5 of the nations GDP (Gross Domestic Product) 58:29NPR's “anti-gay” op-ed about “genderqueer” is a lie. 1:02:02George Santos — the lies keep getting deeper and now include campaign financing as he gets his first official ethics complaint. 1:05:40California's new digital license plate system - HACKED. What could possibly go wrong? 1:14:07"Our Man in Ukraine", Zelensky, has nationalized the press, nationalized the church (and banned the original church), and banned opposition political parties while throwing his opponents in jail. 1:24:41National Science Foundation gets $500,000 grant to "correct false beliefs online" by measured repetitions of what they want you to believe. 1:27:58What's is DARPA spending money on (that they don't mind you knowing about)? 1:32:12Government'a new euphemism for "constant surveillance": "Maintain Custody" 1:38:46Why the US is enlisting a spy agency during hurricanes? To introduce Geospatial Intelligence as a "good" thing 1:42:15Trump's FDA director Scott Gottlieb exposed in Twitter Files #13 1:59:38David's guest, Dr. Eric Napute, FightWithEric.com - In a landmark test of free speech and medical freedom, the federal government is suing Dr. Nepute for $500 Billion for giving patients Vitamin D, Zinc and other natural supplements. They figured he'd roll over but he's fighting. This case can establish important precedents against medical tyranny while Congress sleeps. 2:05:42 Davos Says Coming Soon: mRNA "Cancer Vaccine". On a "fast track" by the usual suspects using "Precedent" Trump's new rules 2:38:59Forbes: "Vaccines are often described as cancer vaccines because they work by training the patient's immune system." That's the way vaccines were always defined until the TrumpShots 2:45:34The pharmaceutical industry's push for “radical” treatment of obese children — drugs and surgery 2:55:37Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

OUTLINE of today's show with TIMECODES More young, fit athletes die. As basketball player goes down, why is it that the players are crying? 2:49 A look back at 1986 when the nation was startled that a basketball died of a heart attack and it triggered an investigation 7:41 More student athletes die, ages 16 & 18 11:36 Biden Moves to Ban Gas Ovens and Ranges. Consumer bureaucrats claim they have emissions that increase childhood asthma like 2nd hand smoke. Prove it. And show your authority under the Constitution. 18:59 California is going to ban all trucks with 2009 and older engines. 28:30 UK study by Cambridge University shows that installing insulation only saves money for 1 or 2 years. After that savings disappear! Why? 35:21 Finns hoarding torches, heat pumps, solar panels and firewood. 39:00 Why don't media care about the terrorist attack on a Las Vegas power plant? 44:51 Warnings of genocide against Christian Armenians 54:30 Swiss central bank has had a MASSIVE loss — equivalent to 1/5 of the nations GDP (Gross Domestic Product) 58:29 NPR's “anti-gay” op-ed about “genderqueer” is a lie. 1:02:02 George Santos — the lies keep getting deeper and now include campaign financing as he gets his first official ethics complaint. 1:05:40 California's new digital license plate system - HACKED. What could possibly go wrong? 1:14:07 "Our Man in Ukraine", Zelensky, has nationalized the press, nationalized the church (and banned the original church), and banned opposition political parties while throwing his opponents in jail. 1:24:41 National Science Foundation gets $500,000 grant to "correct false beliefs online" by measured repetitions of what they want you to believe. 1:27:58 What's is DARPA spending money on (that they don't mind you knowing about)? 1:32:12 Government'a new euphemism for "constant surveillance": "Maintain Custody" 1:38:46 Why the US is enlisting a spy agency during hurricanes? To introduce Geospatial Intelligence as a "good" thing 1:42:15 Trump's FDA director Scott Gottlieb exposed in Twitter Files #13 1:59:38 David's guest, Dr. Eric Napute, FightWithEric.com - In a landmark test of free speech and medical freedom, the federal government is suing Dr. Nepute for $500 Billion for giving patients Vitamin D, Zinc and other natural supplements. They figured he'd roll over but he's fighting. This case can establish important precedents against medical tyranny while Congress sleeps. 2:05:42 Davos Says Coming Soon: mRNA "Cancer Vaccine". On a "fast track" by the usual suspects using "Precedent" Trump's new rules 2:38:59 Forbes: "Vaccines are often described as cancer vaccines because they work by training the patient's immune system." That's the way vaccines were always defined until the TrumpShots 2:45:34 The pharmaceutical industry's push for “radical” treatment of obese children — drugs and surgery 2:55:37Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

30th Sep

We are looking at a second quarter of falling GDP (Gross Domestic Product) and what that means for our investments. The Fed continues to raise rates, companies continue to layoff and freeze hiring, but I do believe that the next CPI and PPI reads will have inflation numbers coming in lower as oil and gas prices trend lower. Listen in for my thoughts on what the next big concern is, how long the recession might last and what stocks may rebound quicker than others. We look at the Inflation reduction act, and the CHIPS and Science act for insight on where the government is looking to spend and how this info can help us going forward! Week 32 INVESTING CHALLENGE on "Let it Grow Investing - podcast" on Facebook! FB GROUP: https://www.facebook.com/groups/3149013668660459/ 1. AVGO Broadcom 2. MA Mastercard 3. PYPL Paypal 4. CHPT Chargepoint 5. GOOGL Google ***Not investing advice, simply what I am looking to do in my own portfolio while understanding my risks, timeline, age, income, debt and other factors!!*** As always, thank you for continuing to support the page and podcast, by liking, subscribing and sharing! FB GROUP: https://www.facebook.com/groups/3149013668660459/ E-Trade Referral code https://refer.etrade.net/jsebastian1987 https://accounts.binance.us/en/register?ref=53539239 Use my referral link https://crypto.com/app/3jsnadjrsq to sign up for Crypto.com and we both get $25 USD. Open an account on webull, make a deposit and get a free share valued between $8-$2000!! https://a.webull.com/iq6NLY31wXgKyPlM1g https://www.marketbeat.com/market-data/low-pe-growth-stocks/ If anyone is reading down here, you are the real MVP!! Thanks for your support and making our community a better place and for making me a better investor. I hope you've learned something; I certainly have! Let's get out there and "LET IT GROW"! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/letitgrow/support

There is a battle heating up between the East and the West for financial dominance. The world is going into Stagflation, there are lots of countries where inflation is running hot and at the same time the GDP [Gross Domestic Product] is declining. You better be ready for this one because now, it's getting really interesting. Questions on protecting your wealth from the growing economic risk and threats to our financial system? Call 877-410-1414 or Schedule a FREE Strategy Session https://calendly.com/itmtrading/youtube?utm_vid=HN7072022 ________________ For Critical Info, Strategies, and Updates Subscribe here: https://www.youtube.com/user/ITMTrading?sub_confirmation=1 ITM Trading's Official 2022 Gold & Silver Buyers Guide: https://learn.itmtrading.com/buyers-guide-yt?VID=HN7072022 To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/the-battle-for-financial-dominance-better-have-your-shieldheadline-news-with-lynette-zang/ YouTube: https://youtu.be/4XEpyaL2npw ⭐️ FOLLOW OUR NEW CHANNEL: Beyond Gold & Silver ⬇️ https://www.youtube.com/c/BeyondGoldSilver?sub_confirmation=1 Follow Lynette Zang ⬇️ Instagram: https://www.instagram.com/lynettezang/ Twitter: https://twitter.com/itmtrading_zang Podcast: https://anchor.fm/itmtrading __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2022 All Rights Reserved.

“The R-word: Shortages, rising inflation, and now this — an ‘unexpected' 1.4 percent drop in GDP [Gross Domestic Product] in the first quarter,” wrote EJ Antoni, a research fellow for Regional Economics in the Center for Data Analysis at The Heritage Foundation, in explaining America's predicament. Recession is the dreaded “R-word.” There is both fear and uncertainty about what a recession would mean. We are familiar with hearing about inflation, the high price of gas, and help wanted signs everywhere. Restaurants are forced to close or limit their hours of operation because they can't find help. Did I say supply...Article Link

When you hear the words “Manufacturing” or “Industrial,” it probably conjures up pictures of smoke-billowing factories somewhere in the American rust belt in the mid-20th century. Those hay days are long gone, that sector's jobs, which used to account for half of all jobs in the 1950s, had slid to less than 10% by 2009.  The last dozen years though, have brought something of a renewal to manufacturing. Thanks to the Internet of Things, specifically the Industrial IOT movement, many companies are now making ‘smart'  products that scoop up data about their own health and how they're being used, a real  goldmine for the products' makers. Thanks to Moore's law, they are designing things faster and cheaper, 3D printing takes the minimum number you need to fabricate from huge lots down to single units. The outlook for manufacturing jobs in the 2020's in places like the US is rosy, with 13 Million workers, producing a total of  $2.00 trillion in goods, or a fifth of the entire GDP (Gross Domestic Product).  It's not only a good time for manufacturing production people, it's good for the marketers that work there too.   My guest today is someone who embodies this upbeat outlook. Caine Ruckstuhl is Head of Marketing, North America for CAREL. He has worked with clients in highly engineered products in Manufacturing businesses, much of it in the HVAC & Humidification space. He knows what it's like to be in an environment dominated by engineers, who are  notoriously numbers driven, and who aren't easily impressed by marketing.  He also has experience marketing consumer products, as his wife perceived young women demanding better hygiene in public washrooms, He and his wife created a brand of  paper toilet seat covers in 2008, doing everything from designing, sourcing, distributing and of course marketing it. When Caine isn't flying around North America, South America and Europe, he can be found at home with his wife and a lot of very small dogs. Listen to some excellent insights about this tough, quirky environment of marketing manufactured products. Hear what has worked for him, so you'll come away appreciating what it's like to be an industrial marketer.   People/Products/Concepts Mentioned in Show Glenn's blog post on lessening importance of specs in marketing Episode Reboot. For another episode on marketing engineered products, check out Episode 55.  For more details, please visit https://funnelreboot.com/episode-74-marketing-manufactured-goods-with-caine-ruckstuhl/

ตัวชี้วัดสัญญาณการฟื้นตัวทางเศรษฐกิจ หรือ GDP = Gross Domestic Product ผลิตภัณฑ์รวมในประเทศ หรือ การนับรายได้ที่เกิดขึ้นจากในประเทศเท่านั้น และตลาดหุ้นกับเศรษฐกิจจะมีความสอดคล้องกันอย่างไร ? ติดตามข่าวสารเศรษฐกิจ ธุรกิจ การเงิน การลงทุน จาก การเงินธนาคารทีวี ได้ที่... Facebook : https://bit.ly/3u0ttgb YouTube : https://bit.ly/2QvvMcG #MoneyandBankingPodcast #MBPodcast #Business #Investing

Brief Episode Summary:“In a world of change, the learners shall inherit the earth, while the learned shall find themselves perfectly suited for a world that no longer exists.” - Eric Hoffer. In his book, Health in Flames, V. Thomas George, MD, MSc, asserts that Americans have been hearing the same old tired advice from doctors who preach the virtues of exercise and following a healthy diet for years. He acknowledges with complete honesty that it is not working. There is a better way! The quality of life on our planet for almost all of us, may depend on how we respond to what we discover in the book! Key Topics:Chronic disease in the U.S. has been rising steadily, possessing the highest chronic disease burden among OECD countries, the highest rate of avoidable deaths and among the highest numbers of hospitalizations from preventable causes. What's the source, are we past the point of no return and how do we start making progress?Consumerism on multiple levels is adversely impacting our world and its future, whether it's the food industry, the animal question, technology or the environment. In what way (s) is each contributing to the unfolding devastation? What would capitalism with a heart look like?The goal of everyone and every pursuit is happiness. Why do we so easily conflate happiness and pleasure?Why is a countries GNH (Gross National Happiness) a superior metric to its GDP (Gross Domestic Product)? Resources: Shareable link to this episode: https://www.buzzsprout.com/859273/9167773 Alan's email address: therabbi@thewalkbook.comConnect with Dr. George at his website address: healthinflames.com. You can also order your own copy of Health in Flames there. If you click the tab Get Involved, you'll hear back from the author. The book is also available at AMAZON.COM and at Barnes and Noble.Alan's link to register to receive new podcasts and other updates: http://eepurl.com/g1DSf9   Link to tell us what podcast themes you'd like to  see us cover: https://form.jotform.com/210597899275071  Sheri Sperry's website to connect with her, https://sellsedona.com/sedona-lifestyleCall to Action If you enjoyed this week's podcast episode, I would greatly appreciate it if you would rate and review it where you listen to your podcasts. Thank you!   Sheri Sperry is YOUR SOLUTIONS  REALTOR!A Realtor in AZ for 10 years, her main goal is to take the stress off you during a difficult time!   Support the show (https://www.paypal.com/biz/fund?id=NYYG9FE928BF6) Support the show (https://www.paypal.com/biz/fund?id=NYYG9FE928BF6)

This week we spoke to the impending national legislation in the Senate which will begin to increase our public spending on Research and Development, particularly in the areas of artificial intelligence (AI), semicondictors and other innovation sectors.  Since the decades following the 1960's the United States has de-invested in R&D, from a high of just over 2% of GDP (Gross Domestic Product) in the sixties to .65% today. NYT Articles to reference New York Times on R&D   While the new legislation doesn't increase our spending to former highs, it is a step in the right direction.   In the second half of our show we tackle the week-long battle going on within the Massachusetts GOP. Candidate for MA 2nd Congressional district Jeffrey Sossa-Paquette is an openly gay married man with two adopted children.  State GOP officer Deborah Martel wrote in an email to the candidate she felt his adoption of two children to make her 'sickened'. Sasso-Paquette has received an overwhelming response of support from GOP members throughout Massachusetts.  As of Tuesday, June 8 calls were being made for both Mrs. Martel and for MA GOP party chair Jim Lyons to step down for his reaction to the debacle, having pointed out that the GOP should not cave to democratic 'cancel-culture' and force Martel to resign. Articles referenced in our second half   Boston Herald: MA State GOP   MA GOP canddaites responds to anti-gay comments   Boston GLobe: Governor Baker, other Republicans call on member of GOP State Committee to resign after making antigay remarks

Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period --- Send in a voice message: https://anchor.fm/rahul182/message Support this podcast: https://anchor.fm/rahul182/support

Host:              Duncan Maccabe, UK Corporate Currencies Sales Presenters:   Neil ‘Parky' Parker, FX Markets StrategistJames Newman, Institutional FX SalesWe use a few acronyms in our content, here's a list of the key terms: | BoE | Bank of England | CBI | Confederation of British Industry | CDU/CSU  | Christlich-Demokratische Union/Christlich-Soziale Union | CIPS | Chartered Institute of Purchasing and Supply | CPI | Consumer Price Index | ECB | European Central Bank | FOMC | Federal Open Market Committee | FX | Foreign Exchange | GDP | Gross Domestic Product | GFK | Growth from Knowledge (consumer research) | IFO | Information and Forschung / Germany's Institute for Economic Research | ILO | International Labour Organisation  | IMF | International Monetary Fund | ISM | Institute for Supply Management | MHRA | Medicines and Healthcare products Regulatory Agency | MPC | Monetary Policy Committee | NAHB | National Association of Home Builders | OBR | Office for Budget Responsibility  | OECD | Organisation for Economic Co-operation and Development  | PEPP | Pandemic Emergency Purchase Programme | PIPS | Percentage in point | PMI | Purchasing Managers' Index | PNSB | Public Net Sector Borrowing | RICS | Royal Institution of Chartered Surveyors  | QE | Quantitative Easing | VAT | Value Added Tax | WTO | World Trade Organization | ZEW | Zentrum für Europäische Wirtschaftsforschung / Germany's Sentiment Index

De acordo com dados do Statistics Canada de 2017, o setor de charities & non-profits emprega 2.4 milhões de pessoas e compõe 8.5% do GDP (Gross Domestic Product) que equivale à produção de CAD 169.2 bilhões na economia. No episódio #22 do NPB Podcast "Non-profit: o poder do Serviços Sociais" trouxemos convidadas que trabalham em ONGs em Toronto para nos ajudar a compreender como essas estruturas funcionam e quais serviços são disponibilizados gratuitamente para as mais diversas populações no Canadá.Trabalhos de impacto social transformam vidas! Conversamos com a Anabela Nunes - Working Women Community Centre, com a Ligia Chiari - JVS e a Suely Anunciação - Job Start. Elas compartilharam informações super relevantes e confirmaram que toda vez que precisar de orientações sobre qualquer aspecto da sua vida como imigrante, você vai encontrar uma nonprofit e profissionais qualificados para te ajudar! Aperte o play! #JuntosSomosMaisFortes Host: Anna Beatriz Silva >> Edição de áudio: Ana Cava >>FALE CONOSCO! E-mail: npbpodcast@gmail.com >> Siga o NPB nas redes sociais! Facebook: https://www.facebook.com/groups/NetworkingParaBrasileiros/?ref=share Instagram: https://instagram.com/networkingparabrasileiros?igshid=jqglxcna4o5w

GDP (Gross Domestic Product) maal? Maal faatu walitti heerregamaa?    GDPn guddina biyya tokkorraa maal faa himti? Maal faa himuurraa hanqattii?  GDP male mizaanni guddina/badhaadhina biyya tokko ittiin heerragan kam faatu jiran?  Diinagdeen biyya tokko haga maalitti guddataa? Diinagdeen garamitti guddataa ykn daangaan isaa eessa?  Aduunyaan amma keessa jirru tun mull'ata  "diinagdee guddisuu" jadhamtu akkamiin simattii?  Bifti aduunyaan diinagdee itti gurmeessite fi ittiin fayyadamaa as geessen tun guddina waaraa argamsiisaa? --- Send in a voice message: https://podcasters.spotify.com/pod/show/ilmaormaa/message

Definition of GDP and it's effect on currency a report that's important to your trading currency. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

As a self-described “renegade economist,” Della Duncan’s hope is that all societies will begin to focus on their citizen’s happiness as much as their GDP (Gross Domestic Product). By rethinking what it means to have a healthy economy, Della says that people and our planet can thrive—and this same mentality can work effectively for business leaders.   In this episode of Leading with Genuine Care, hear Della’s fascinating insights on what a more ethical economy can look like and how those in leadership can help us get there.    You’ll also learn: What it means to be a renegade economist Why we need to rethink what a good economy is How to create a better economic system Which country’s economies are suffering the most during COVID Which governmental systems most inspire Della Can large countries make large-scale economic changes What it means to sustain an ethical business model How can business leaders show up against racism What is the Gross National Happiness (GNH) Why happiness is as important as economic health Insights on creating an ethical business culture Tips on shopping more ethically How a worker cooperative works Why work co-ops create healthier businesses What’s the difference between a worker co-op and an ESOP The importance of aligning values with your work What Della believes it means to lead with genuine care   More About Della Duncan Della Duncan hosts opportunities for personal and systemic transition to a more equitable, sustainable, and enlivened world. She is the host of the Upstream Podcast, a Right Livelihood coach, an Atlantic Fellow of Social and Economic Equity at the International Inequalities Institute at the London School of Economics, a Gross National Happiness trainer, a Work that Reconnects facilitator, and a regenerative economics consultant. She is currently studying with James Baraz to be an Engaged Buddhist Dharma teacher. She holds an M.A. in Economics for Transition with Distinction from Schumacher College, a B.A. in International Relations and Sociology with highest honors from the University of California, Davis, a graduate certificate in Authentic Leadership from Naropa University, and has completed Joanna Macy’s Work that Reconnects Intensive Program.   Connect with Della Duncan Website www.dellazduncan.com LinkedIn www.linkedin.com/in/dellazduncan Facebook www.facebook.com/RightLivelihoodCoach Twitter twitter.com/dellazduncan Follow Rob Dube on Social Media  LinkedIn:  www.linkedin.com/in/robdube  Facebook:  www.facebook.com/rob.dube.1  Twitter:  twitter.com/robddube    Rob Dube’s Website www.donothingbook.com   Sign Up for My Weekly Mailing List  Never miss an inspiring conversation about compassionate, positive leadership on the Leading with Genuine Care podcast by signing up for my mailing list! Click below and you’ll also get a download of my favorite mindful resources.   https://www.donothingbook.com/resource-guide    Buy Rob’s book, donothing: The Most Rewarding Leadership Challenge You'll Ever Take   amzn.to/2y9N1TK

A conscious world where people care about creating and experiencing the fullness of well-being and harmony… Where the Oneness perspective is the norm… And where the “tried and true” concepts in textbook economics are seen as upside-down thinking... This is a new kind of world. A Conscious World. A world that ethical markets and conscious business pioneer Hazel Henderson has been working to create for decades.  Hazel, Ethical Markets CEO, Founder, and Editor-in-Chief, is a futurist, evolutionary economist, and author of many books including the award-winning Ethical Markets: Growing the Green Economy. In this podcast, “The Love Economy,” Steve Farrell and Hazel discuss her layer cake economic perspective and look at how an emphasis on GDP (Gross Domestic Product) does not take into account the “non-monetized” half of a layer cake.  At the top are the monetized private and public sectors. But by placing emphasis and importance on the top layers of the cake, the GDP recklessly ignores huge parts of a nation’s production, including parenting, volunteering, and the obvious abundance of production found in nature.  It is the lower, non-monetized layers of the cake that make up what Hazel calls The Love Economy. Steve and Hazel also talk about the many global issues of our time and how through conscious globalization, as well as conscious living and conscious business practices, these issues can be resolved. Tune in to Ep. 34: “The Love Economy” to hear more from Hazel and Steve about… The 3-layer cake with icing The Conscious Business Declaration Transforming finance Citizens for Clean Air Solar Age Economy And much more... (Please note: this is a special rebroadcast and any websites, links, programs, or events mentioned may no longer be active. Thank you!) You can learn more about Humanity’s Team and the timeless truth that We Are All One here.  For instant access to “Be the Inspiration. Be the Influence… Be the Leader,” the free online video program series with Evolutionary Pioneer Steve Farrell, go here. Learn more about all of the Humanity’s Team free programs. To enjoy over 400 more conversations with Steve and his inspiring guests, visit the Humanity’s Team Community Circle membership sign-up page.

Colin Barrow (Investment Manager, former Leader of Westminster Council) sits down with Richard Green (Director, USC Lusk Center for Real Estate) to detail the state of affairs in Europe as both Great Britain and the European Union begin to navigate into COVID-19 recovery. Barrow points out that though GDP (Gross Domestic Product) has dropped considerably, businesses continue to float due to government intervention. Richard Green asks questions about the European outlook on state-run relief policies, increasing supply chain redundancies, and the long-term fiscal implications of governments paying back loans. Date Recorded: 7/7/20

Hello Listeners Welcome to the 4th episode of our podcast I hope you all listened to our previous episode if not please do listen to episode 3 is all about GDP (Gross Domestic Product). Moving into our today's episode We will discuss PPP (Purchasing Power Parity). In our previous episode, we have discussed GDP, how it is going to help in our investments right. In the same pipeline, we also have to know about PPP (Purchasing Power Parity) Purchasing power parity is an economic term that is used to measure a product price at a different location this can use for the price of specific goods to compare the absolute purchasing power of the countries. In many cases, PPP produces an inflation rate and exchange rates are widely used when comparing the GDP of different countries. Purchasing power is based on the law of one price, If there are no transaction costs for a particular good then the price for that good should be the same at every location. I hope you all like the content and also please share your valuable feedback in any of the podcast platforms you are listening to. Also please share our podcast with your friends we have a telegram channel if you want to join please search with our podcast name "fin buzz". that's all for this episode. Thank you for all the listeners. Signing of your host Krishna https://anchor.fm/sivakrishna2013 https://t.me/FinBuzz_Podcast

Hello Listeners Welcome to the 3rd episode of our podcast We will discuss GDP (Gross Domestic Product). What is GDP, Gross Domestic Product is a monetary measure of the market value of all the finished goods and services produced within a country in a specific time. For example, A Domestic producer starting from producing from raw material to finished goods and selling to the foreigners which exceed the value the more you produce and more you sell the growth rate will improve. And also GDP can represent the scorecard of the country's economic health. GDP provides an economic behavior of the country and used to estimate the size of an economy and growth rate. If you are an investor with the help of GDP growth rate numbers we can able to make better decisions related to investments. Not only for investment, if you are planning to migrate to any other country you can have quick access to GDP numbers whereas we can able to have an idea about the cost of living, employment, Health care, etc there are many sites which can provide in detail information and comparisons as well. You can refer to "The World Bank" GDP is a key tool to guide policymakers, investors, and startups. GDP is usually calculated on an annual basis and it is calculated on a quarterly basis as well. GDP can be calculated in three ways: Expenditures Production Income Based on this information it can be adjusted for inflation and population. How we can able to know rising or falling of GDP. Increasing GDP means the economy is growing. Businesses are producing and selling more products and services. Decreasing GDP means the economy is in stable positions. Businesses are producing and selling very few products and services there might several aspects linked to causing an impact on GDP might be recessions which can impact on public and private sectors, Busines profit declines and unemployment. This means the government prints more money and lowers interest rates to stimulate economic growth. In that scenario, taking out student loans, auto loans, business loans, and mortgages becomes cheaper. Credit card interest rates also dip. Well in this episode we will not go in-depth about calculations in GDP. We will discuss only GDP and Investing. It is a great tool for equity investors which provides a framework for decision making. The corporate profits and inventory data are a great resource for this kind of investor. Comparing the GDP growth rates of different countries can play a part in Asset allocation (In our coming episodes we will cover what is asset allocation ) In simple terms, Asset allocation means investing in your money into multiple buskets to earn some decent returns instead of putting all your money into one bucket. The economic slowdown in India has become the worse in the second quarter of 2019 and the GDP growth rate fell to 4.5% which lowest number for the last 26 quarters around in 2013 we are around 4.3%. This means we are back to 7 years. Now even all the countries are ongoing clean-up of the financial sectors, Private and public sectors. If you are a long term investor this is the best time to consult your financial advisor and take a call how can you invest your money. I hope you all like the content and also please share your valuable feedback in any of the podcast platforms you are listening to. Also please share our podcast with your friends we have a telegram channel if you want to join please search with our podcast name "fin buzz". Thank you Signing of your host Krishna

According to Google, a recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP (Gross Domestic Product) in two successive quarters.According to Investopedia, a recession occurs when there are two or more consecutive quarters of negative economic growth, meaning GDP growth contracts during a recession. When an economy is facing a recession, business sales and revenues decrease, which causes businesses to stop expanding.What Causes A Recession?According to Study.com here are some of the main causes of recession:High-interest rates are a cause of recession because they limit liquidity, or the amount of money available to invest.Another factor is increased inflation. Inflation refers to a general rise in the prices of goods and services over a period of time. As inflation increases, the percentage of goods and services that can be purchased with the same amount of money decreases.Reduced consumer confidence is another factor that can cause a recession. If consumers believe the economy is bad, they are less likely to spend money. Consumer confidence is psychological but can have a real impact on any economy.Reduced real wages, another factor, refers to wages that have been adjusted for inflation. Falling real wages means that a worker's paycheck is not keeping up with inflation. The worker might be making the same amount of money, but his purchasing power has been reduced.Are we heading for another recession soon, and if so when?When Is The Next Recession?Soon.According to Bloomberg.com, coronavirus has spurred what will likely be the worst recession in generations as the U.S. economy grinds to a halt and millions lose their jobs.Because of the impact of the virus, people are being forced either out of work or to work from home. Those losing their jobs were working in low demand industries like retail and travel.People are being encouraged to stockpile food, toiletries, and medical materials such as face masks to protect themselves from the virus. Also with social distancing, industries such as professional sports are struggling to put on events, thus they are also losing money.Because of this downturn and a lack of confidence to invest in an unsteady market, we are already turning into a bad recession.So what's next?What's Next?It will pass and the economy will be better than ever after the virus passes.When the economy improves you will want to wish you started a business that can take off.There are many businesses you can start which are recession-proof, managed online.These types of businesses can make you up to 6-7 figures online every year!***Click below to learn how to make 6-7 figures online with marketing https://drewbusinessaccelerator.com/entre**

Los latinos representamos el 18% de la población en los Estados Unidos eso equivale a unos 58 millones de personas (más que en casi cualquier país Latinoamericano) y se estima que para el 2060 la población aumente a un 28%, lo que se traduce en la no despreciable cifra de 119 millones de latinos viviendo en este país (un poco más grande que la población de México actualmente) En el 2015 el GDP (Gross Domestic Product) o lo que en español sería el INP (Ingreso Nacional Bruto) de los latinos fue de $2.1 Trillon de dólares, el séptimo más grande del mundo, incluso más grande que el de la India. 5 millones de latinos son dueños de sus propios negocios en USA 150,000 negocios de latinos generan más de un millón de dólares en ganancias anuales 500 empresarios latinos han completado el programa Stanford Latino Business Action Network Y como si fuera poco se estima que para el 2030, el 56% de las viviendas nuevas en el país las compraran los latinos. Gracias por seguirme y compartir @lizzettediazp @emprendiendoconpasion #emprendiendoconpasion --- Support this podcast: https://anchor.fm/lizzette-diaz/support

The new year has arrived, a renewed power structure push for global conflict has come with it. Each passing day on our planet is increasingly best described as groundhog day in a global asylum. Unprecedented wildfires in Australia are incinerating millions of acres and still growing with no end in sight. How bad can it get? How bad will the Northern Hemisphere fires be once summer returns? The more ominous the horizon becomes, the deeper into denial the majority of the population goes. Will a turning point come? Will unfolding conditions soon become so horrific that a wake-up in the population is finally triggered? Will the US continue to pour the majority of its GDP (Gross Domestic Product) into making weapons of mass destruction? Even as the biosphere implodes from all directions? Is it already too late? Or is there still time to salvage some part of Earth’s remaining life support systems? The latest issue of Global Alert News is below.

   After Tamar Jakeli from Georgia, today my guest is a french young man. Nathan Metenier is 20 and 5 years ago, he became a climate activist… You want to know how ? You just have to listen, of course ! Today, Nathan focuses on advocating at the european level in the Youth and environment Europe. Together, we talked about the holy growth, about the GDP (Gross Domestic Product), about the words to adress the climate issue. He told me about the need for new governance and about the coalition he is working on with networks of youth leaded NGOs.  But in this conversation, you’ll also hear about collapsology, north responsabilities, technology and, obviously 2050. Youth Environment Europe Generation Climate Europe Nathan: Instagram & Twitter

We hear a lot of talk about a coming recession. The 24/7 news cycle would have you to worry and panic (I think that's one of their goals). There is no need. So, what's a Christian to do, to prepare for a recession?   In This Episode, We Look At: First. What is a recession? It is a natural part of the business cycle. Economies expand and they also contract. When an economy contracts the GDP (Gross Domestic Product) decreases. When this occurs for two consecutive quarters (six months) an expert government committee officially declares a recession. The good news is, recessions are temporary. Steps to consider taking, in preparing for a recession: Always trust God above circumstances, people, and employment. Increase your value as an employee (now would be a great time to start). Do extra work. Do more than is asked of you. Make yourself available for extra work, or other areas of responsibility. Increase your knowledge of your industry (read books, take online classes). Reduce unnecessary expenses. Increase savings now, building a bridge for a potential income gap. Freshen up that resume.   Share Your Thoughts: If you have a question or comment about today's topic, we invite you to share your thoughts. Podcast on Facebook Tim's Faith and Finances Website or Twitter Troy Twitter Matt Website or Twitter

Without urgent action, the global consequences of climate change will be devastating. Yet despite the environmental impact of rapid economic growth, increasing GDP (Gross Domestic Product) continues to remain the priority for countries around the world. So what is the future of economic growth? Can we achieve green growth that marries rapid environmental transformation with ever-rising financial returns? Or is it time to create economies that enable us to thrive, rather than grow, in order to stand a real chance at tackling climate change?

Each passing day on our planet is increasingly best described as groundhog day in a global asylum. The more ominous the horizon becomes, the deeper into denial the majority of the population goes. Will a turning point come? Will unfolding conditions soon become so horrific that a forced wake-up in the population is triggered? Will the US continue to pour the majority of its GDP (Gross Domestic Product) into making weapons of mass destruction? Even as the biosphere implodes from all directions? Is it already too late? Or is there still time to salvage some part of Earth’s remaining life support systems? The latest issue of Global Alert News is below.

The World Bank this month published its latest analysis of Africa's economic outlook. The international financial institution says growth in sub-Saharan Africa is picking up, although not quite as fast as it originally forecast last year. The increase in growth has been helped by rising commodity prices such as oil and metals. Spotlight on Africa spoke to Punam Chuhan-Pole, the World Bank's lead economist for the Africa region… You say economic recovery is underway in sub-Saharan Africa – what are the main drivers of this? The recovery that began in 2017 is continuing. Some of the same factors that helped facilitate growth last year are helping to support growth this year. We expect commodity prices to be fairly stable - last year they went up quite strongly. But we expect stability in commodity prices moving forward with a slight upward trend in oil. We also expect continuing robust growth in global trade and generally supportive global financial market conditions. So overall we expect growth to pick up from 2.7 per cent in 2017 to 3.1 per cent this year and forming to 3.5 per cent next year and above 3.7 per cent in 2020. Nigeria has come out of more than a year of recession, according to your research. What are the reasons for this? The recovery in Nigeria which began last year and picked up momentum in the second half of the year is being led by a recovery in oil production, commodity prices going up, which is helping the economy generally. Agriculture was also growing last year. We expect that moving forward oil production and the oil sector will continue to grow. The area that we think is lagging is non-oil industry and services. Is the increase in economic growth in sub-Saharan Africa really likely to lead to improvements in the standard of living for people on the ground? The recovery is good news of course. But the pace of the recovery is moderate and that reflects the gradual pickup in growth in the largest economies like Angola, South Africa and Nigeria. However, there's a lot of diversity within the region and we have countries that are growing at a fairly robust pace; and were growing at a robust pace last year and we expect them to continue to grow at a robust pace. For example, Cote d'Ivoire, we also have Ethiopia, which is one of the fastest growing countries in the world. So there is a fair amount of diversity. If you actually exclude the three largest countries, growth is expected to be at about 4.7 per cent in sub-Saharan Africa. What does it mean in terms of people's livelihoods? Are they seeing an improvement? At growth rates that are below population growth rates on aggregate for the region, you don't see an increase in per capita income last year. This year, there will be a growth in per capita income in real terms. But we think that growth has to be a lot faster to be able to accelerate poverty reduction and to deepen the gains that the region has made in terms of poverty reduction. What's the significance of more countries issuing sovereign bonds, selling their debt? One of the issues that we examine in the Pulse is to see what is happening in terms of the evolution of debt and debt risks. We find that for the region as a whole, debt has been rising relative to GDP [Gross Domestic Product]. Actually the rise has been fairly rapid between 2013 and 2017 after a period when public debt burdens were falling through 2012. So debt has picked up, the public debt burden - the median increase is about 20 percentage points relative to GDP. But there's a lot of variation across countries and so you do have countries that have had a more rapid increase in debt burden and some that have not. One thing that we do find is that composition of public debt has changed and that comes to the question of more countries borrowing on commercial terms, borrowing Eurobonds. We do find that there has been a shift away from concessional and multilateral debt towards more market-based borrowing and market sources of debt. We also find that countries in the region have been borrowing domestically, governments have been borrowing domestically. Yes, composition of debt has changed, the risk profile has changed - it's on more market-based terms, shorter maturities – all of which does raise issues of managing the risk that comes from the nature of the borrowing. Are you worried about the levels of debt or the composition of that debt? It's a combination. When we look at the standard debt sustainability analysis that's done for low income countries, we find that the number of countries that are now being categorised as being at high risk of debt distress has gone up. And I think that points to the need to actually manage debt well and manage the risks that emanate from debt. But I think one thing I want to emphasise is that debt by itself is not bad because countries borrow to finance much needed spending on infrastructure, be it in the electricity sector or in terms of transportation. So it's an important way to finance development, but it's important to also have the capacity to repay that debt. You pick out Ethiopia as likely to remain the fastest growing economy in sub-Saharan Africa. Is this likely to be affected by the appointment of the new prime minister recently? We have been looking at the global trends and the potential of the country, so the answer on that is - our projections on that have not been affected by that. Your outlook highlights one of the main risks as the situation in the US. Could you explain what threat you see here in terms of Africa's economic growth? The risks are more balanced moving forward although they are on the downside. The risks globally coming from the US would be more in terms of a faster pace of normalisation of monetary policy. So if interest rate adjustments were faster than expected, that could affect financial market conditions globally. Which then comes to market risks for countries having to manage their borrowings in Euro markets or external borrowing. Then of course there is that faster growth in the US is actually a plus for the global economy and for sub-Saharan Africa. Trade tensions could be a downside risk. But I think all that remains to be seen.

Today’s Wednesday February 28th, 2018 and here’s your HEADSTART on the latest business headlines. Coming up:- Sam’s Club Partners with Instacart to Offer Delivery- Bank of America Plans to Open 500 Branches- WeWork Forecasts a $2.3 Billion Revenue Run RateWe’ll have all of these stories and more in the next 7-minutes or less.Sam’s Club Partners with Instacart to Offer Same-Day Deliveryhttps://www.businesswire.com/news/home/20180226006722/en/ Sam’s Club members in Austin, Dallas-Fort Worth, and St. Louis are soon going to be able to order same-day grocery delivery courtesy of Instacart.Under the partnership, Sam’s Club customers will be able to virtually order goods such as produce, meat, and frozen foods and have it delivered by Instacart in less than 1-hour.Instacart customers will be able to purchase their groceries from Sam’s Club without a membership.Sam’s Club is a division of Walmart. The company joins other grocers such as Costco, and Krogers in partnering with Instacart to compete against Amazon in the last-mile delivery space.Walmart Launches a Few Private Apparel Brandshttps://uk.reuters.com/article/us-walmart-clothing/walmart-to-launch-new-private-label-clothing-brands-idUKKCN1GB1UChttps://www.l2inc.com/daily-insights/amazon-has-more-private-label-brands-than-you-think Walmart is getting ready for the spring apparel buying season by launching its own line of private apparel.The company introduces four new apparel private brands for women, men and kids and will be available online and in-store on March 1st.Walmart has increased its offerings in competing with tech giant Amazon. According to a report by L2 last December, Amazon has steadily increased its private brand offerings to 41 labels ranging from CPG, to Electronics, to Apparel.Starbucks Reserve Opens in Seattlehttps://www.businesswire.com/news/home/20180227005509/en/ Starbucks Reserve, a new store format dedicated to its Premium Reserve Brand, launches its First Reserve store in its Seattle headquarters. The new premium retail format introduces a marketplace-style environment offering elements of its immersive Reserve Roasteries and freshly baked artisanal Italian foods from Rocco Princi.The company plans to launch 1,000 stores globally as part of its investment in bringing the Reserve experience to more markets.Disney Announces a Major Expansion of Disneyland Parishttps://www.prnewswire.com/news-releases/disney-announces-transformative-multi-year-expansion-for-disneyland-paris-300604891.html Disney announced in a press release that it will expand Disneyland Paris in a multi-year plan that will cost $2 Billion.The expansion is expected to transform the Walt Disney Studios Park, and add three new areas based on Marvel, Star Wars, and Frozen.According to CEO Bob Iger, "The resort is already the leading tourist destination in Europe, and the transformative expansion we announced today will add even more of our beloved characters and unparalleled storytelling to create new lands, attractions and entertainment that further elevate the guest experience and drive new opportunities for tourism in this dynamic region."Bank of America Plans to Open 500 New Branches by 2022https://www.finextra.com/newsarticle/31737/bofa-to-open-500-new-branches Bank of America continues to expand and invest in physical and digital enhancements. It announced that over the next four years it plans to open 500 new branches.According to Finextra, included with the expansion is the renovation and redesign of 1,200 existing locations to facilitate new technology trends.The bank plans to hire 5,400 new employees as part of the expansion.Apple Launches Medical Clinics for Employeeshttps://www.cnbc.com/2018/02/27/apple-launching-medical-clinics-for-employees.html The tech giant has quietly launched its primary care clinic for its employees. AC Wellness, will be available to the company’s employees at two locations in Santa Clara County in California.According to CNBC, the company is advertising for doctors, health coaches and "designers" to create a program to promote healthy behavior.This announcement comes after Amazon’s recent partnership with JP Morgan and Berkshire Hathaway to offer health care for its employees.WeWork Forecasts $2.3 Billion Revenue Run Ratehttps://www.wework.com/blog/posts/wework-celebrates-8th-birthday WeWork, the co-working giant, expects to grow its revenue run rate to $2.3 Billion by the end of this year, that’s according to a company blog post.The company previously had a target run rate of $1 Billion is 2017, in which it hit the mark.WeWork plans to double its total membership to 400,000 by the end of 2018. The company also stated that they plan to have a global footprint of 400 buildings spread across 83 cities and 27 countries by the end of this year..Economic reports:GDP (Gross Domestic Product) for the 4th quarter of 2017EIA Petroleum Status Report (The Energy Information Administration Petroleum Status Report) for the week of February 23rdEarnings reports:Box Inc.Salesforce, Inc.TJX Companies---And those are the headlines for the day. All the story sources are linked in today’s episode. If you found value from this, we’d love to have you share it with a friend.And before we let you go, we just wanted to say that you just got a Headstart - now go ahead and make today amazing! See acast.com/privacy for privacy and opt-out information.

Donald Trump has said his proposed tax cuts will be 'rocket fuel' for the US economy. He is the latest in a long line of political leaders chasing economic growth as a key policy objective. We are told again and again that GDP - Gross Domestic Product - growth is good for the economy; it lifts people out of poverty, provides jobs and investment, and improves lives. While there is general agreement about the need for growth in the developing world, what about the costs of growth in the rich world? Is growth accelerating environmental damage? Is it causing greater inequality? Owen Bennett Jones is joined by Tim Jackson from the Centre for Sustainable Prosperity, University of Surrey; Daniel Ben Ami - author of Ferraris for All: In defence of Economic Progress; Jared Bernstein, economic adviser to President Barack Obama; and Annie Quick of the New Economics Foundation, to discuss who really benefits from growth and whether we can have prosperity without it. (Photo: The bronze bull statue near Wall Street in lower Manhattan by Chris Hondros/Getty Images)

An introduction to the economic concepts of GDP (Gross Domestic Product) and unemployment, including a discussion of how these concepts are defined, how they are measured, their relevance to understanding economic activity, and some limitations of these concepts as they are currently employed. Recommended pre-listening is Episode 65: Inflation and Interest Rates.

In Episode 5 of The Rights Track, Todd asks Sakiko Fukuda-Parr, Professor of International Affairs at the New School in New York, about human development and her work to develop a way of measuring and comparing how well countries do at upholding their social and economic rights obligations. 0.00-5.55 minutes Explanation of how the Human Development Index and associated reports came about and those involved in their concept and development The thinking behind the HDI and how it was designed to rival GDP (Gross Domestic Product) as a measure of economic success and a better measurement of how countries and their population are progressing and developing How the HDI challenged current thinking and perspectives on evaluating progress by focusing on freedoms to do and be what we value Defining well-being as people's capabilities e.g. the ‘right to be able to read' or the ‘right to have an education' 5.55-9.30 minutes How the HDI works - its scoring system How the HDI enabled measurement and analysis to catch the attention of policy makers, and global leaders for the first time How the Index offers us interesting new insights into how well or badly a country is doing in using its economic resources to better the lives of its people (examples given of Cuba and Costa Rica) 9.30-21.25 An explanation of the difference between human development and human rights How Sakiko and colleagues came to develop the Social and Economic Rights Fulfilment Index (SERF) Sakiko's personal motivation for setting up an Index for measuring social and economic rights and the links between human development and human rights The political (Reagan-Thatcher era) context and backdrop of the development the Index and the tensions around the ideas being put forward Sakiko draws comparison between some of the issues of that time with what's been happening with austerity in countries like Greece How and why the HDI developed into the SERF Index Taking account of resource constraints in the measurement and analysis The challenges and debates among academics and practitioners around whether or not it was possible to create an effective measurement tool for economic and social rights How data was key to creating the index The sorts of things that were taken into consideration in the Index 21.25-26.34 The components of the SERF Index and how those things are drawn from the core rights laid out in law in the International Covenant on Economic and Social and Cultural Rights The Achievement Possibility Frontier - what it is and how it works Sakiko gives examples of how the Index is used to analyse a country's performance on things like achieving the right to food/income etc. and compare that with other countries 26.34-end What the Index has achieved and how it has helped developed our ability to measure progress What the Index tells us over time The constraints that go beyond GDP, e.g. how something like Ebola can compromise how a country can deliver the right to heat SERF Index as a resource for researchers Other links It's about values: human rights norms and tolerance for inequality interesting article from Sakiko published on OpenGlobalRights

GDP (Gross Domestic Product) remains the main benchmark for countries measuring their success. In recent years new and alternative measures have been developed to measure societal success.