Podcasts about gross domestic product gdp

In this episode host Iain Ballantyne and returning guest Dr Gary Blackburn convene to discuss the substance, or otherwise, of the UK's recently published Strategic Defence Review (SDR) paper. They also tackle topics relating to the Israel-Iran War, the British reaction to it and also what President Donald Trump may or may not do next. Gary proposes that the UK SDR paper was more of a template than anything else, and in fact amounted to a rather big fudge.  Iain suggests that UK politicians have not yet woken up the to the sheer scale of effort needed - and also urgency required - to properly defend the nation. For example, submarines appear fundamental to the SDR's vision of national defence and yet the Submarine Service itself is not really getting what it needs to be ready to operate future vessels. In sharing his considerable expertise on how Defence economics work, Gary touches on the UK's creative accounting - ‘cooking the books'. It sees things that are not really part of Defence slotted into the UK's supposed proportion of Gross Domestic Product (GDP) devoted to creating robust and capable military forces (plus what it needs to qualify for NATO membership). The worth of drones and A.I. versus the need for more frigates and submarines is among other things weighed up during a lively chat that also considers the viability of the UK's new ‘Atlantic Bastion' concept. •Dr Gary Blackburn is an honorary fellow of the Centre for Security Studies at the University of Hull. He has taught Security Studies and Military History at the Universities of Leeds and Hull, respectively - and has written for Defence Studies and The Critic, and for the latter about aspects of the UK's 2021 Integrated Review of Defence and Security. Follow him on X at @gjb70 •Iain Ballantyne is the founding and current Editor of Warships IFR (first published in 1998) along with its ‘Guide to the Royal Navy' (since 2003) and ‘Guide to the US Navy' (since 2018). Iain is also author of the books ‘Hunter Killers' (Orion) and ‘The Deadly Trade' (Weidenfeld & Nicolson), both about submarine warfare, plus ‘Arnhem: Ten Days in The Cauldron' (published by Canelo). In 2017 Iain was awarded a Fellowship by the British Maritime Foundation, which promotes awareness of the United Kingdom's dependence on the sea and seafarers. Visit his web site Bismarckbattle.com and follow him on X @IBallantyn For more on Warships IFR www.warshipsifr.com 

Kevin talks about his and his wife's visit, on Derby Day, to the historic Rookwood Pottery factory and later a visit to the Newport Casino to place some bets on the featured Derby race. On Friday, the Bureau of Labor Statistics released the April Jobs Report; Kevin has the details, sifts through the data, puts it into historic perspective and offers his insights. Automakers report April sales data: who's up who's down? The German Federal Statistics Office released that country's Gross Domestic Product (GDP) and consumer inflation data; Kevin has the information, offers his insights and how that affects the U.S. economy. Kevin explains how OPEC+'s crude oil production increases, geopolitical events and crude oil inventories are affecting oil and gas prices.

Kevin talks about his and his wife's visit, on Derby Day, to the historic Rookwood Pottery factory and later a visit to the Newport Casino to place some bets on the featured Derby race. On Friday, the Bureau of Labor Statistics released the April Jobs Report; Kevin has the details, sifts through the data, puts it into historic perspective and offers his insights. Automakers report April sales data: who's up who's down? The German Federal Statistics Office released that country's Gross Domestic Product (GDP) and consumer inflation data; Kevin has the information, offers his insights and how that affects the U.S. economy. Kevin explains how OPEC+'s crude oil production increases, geopolitical events and crude oil inventories are affecting oil and gas prices.

The U.S. Labor Department reported the U.S. weekly Initial Jobless Claims numbers; Kevin reviews the data and offers his insights. After the Gross Domestic Product (GDP) report was released yesterday, the numbers have been further analyzed; Kevin explains. The Commercial Vehicle Safety Alliance's International Roadcheck is coming up; Kevin has the dates and what inspectors will be looking for. The International Monetary Fund released a report on the World Economic forecast; Kevin offers his insights. Oil reacts to geopolitical events, crude oil inventory numbers, OPEC+'s production discussions and world economic conditions.

The U.S. Labor Department reported the U.S. weekly Initial Jobless Claims numbers; Kevin reviews the data and offers his insights. After the Gross Domestic Product (GDP) report was released yesterday, the numbers have been further analyzed; Kevin explains. The Commercial Vehicle Safety Alliance's International Roadcheck is coming up; Kevin has the dates and what inspectors will be looking for. The International Monetary Fund released a report on the World Economic forecast; Kevin offers his insights. Oil reacts to geopolitical events, crude oil inventory numbers, OPEC+'s production discussions and world economic conditions.

The stock market has been highly volatile. As of April 30, 2025, the S&P 500 Index has recovered 62% of its losses from the year's low, yet remains approximately 9% below its year's high. With new Gross Domestic Product (GDP)... Read More ›

Commerce Depart says the United States economy as measured by the Gross Domestic Product (GDP) shrank in the first quarter of the year by 0.3%, first time in three years. There was a surge in imports as companies tried to stock up before the President Donald Trump's high tariffs take effect. We get reaction from President Trump at a Cabinet meeting at the White House and from Senate Minority Leader Chuck Schumer (D-NY); Senate is expected to pass a resolution to disapprove of the national emergency declaration the president is using as the legal basis for the global tariffs; U.S. Customs & Border Protection Commissioner nominee Rodney Scott testifies before the Senate Finance Committee, asked about allegations he helped cover-up the death of an immigrant in Border Patrol Custody in 2010; Supreme Court hears oral argument in a case from Oklahoma about the constitutionality of states supporting religious charter schools. We talk with Washington Post Education Reporter Laura Meckler. (40) Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bureau of Economic Analysis (BEA) recently announced the U.S. economy shrank during the 1st quarter of 2025. Obviously, that is not good news. However, is it the bad news the headline would imply? Are we standing at the edge of the economic cliff? Or will the UJS economy be able to take a step back of the abyss? In this week's Trading Perspectives, Sam Clement and John Norris discuss the recent Gross Domestic Product (GDP) report and whether the U.S. is headed for a deep recession. So, is the sky really falling?

Last week was marked by turmoil, as global trade tensions and market volatility drove a sharp shift in UK interest rate expectations. Investors are now pricing in up to four Bank of England (“BoE”) rate cuts this year, with a 0.25% move likely in May and nearly 0.9% of easing by year-end. Former BoE officials called for bold action, including a 0.5% cut or even an emergency meeting. The BoE flagged financial stability risks from global fragmentation, while deputy governors flagged growth headwinds from US tariffs. UK growth forecasts for 2025 were slashed to 0.8%, and confidence remained fragile despite February's surprise 0.5% Gross Domestic Product (“GDP”) rise. Labour market data showed a rise in candidate availability and soft wage pressures. Consumer sentiment flatlined, and retail footfall declined due to Easter timing and global uncertainty. Inflation implications remained unclear, further complicating the BoE's policy outlook...Stocks featured:BP, Fresnillo and GSKTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.

tuart McMillan talks to Mike Kaiman, Senior Economic Education Specialist at the Federal Reserve Bank of St. Louis, for a deep dive into Gross Domestic Product (GDP)—what it is, how it's measured, and why it matters. From the difference between real and nominal GDP to the role of the Bureau of Economic Analysis (BEA), Mike breaks it all down in clear, relatable terms. The conversation also introduces FRED, a powerful free resource for exploring economic data. If you've ever wondered how GDP reflects the health of our economy or how to use that knowledge to stay informed, this episode is for you.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureCEO Jamie Dimon is calling it, recession is coming. We are already in a recession, Trump will pull us out of it. Ds trying to stop Trump's tariffs. Countries ready to negotiate, Trump pauses tariffs for those countries. China and the EU fight back with reciprocal tariffs, this will not end well for them. Trump main target is the Fed. The [DS] is still trying to use judges to stop Trump's agenda, in the end this will fail. They are trying to use judges in the correct jurisdiction. Trump has set the timeline for the [DS] treasonous acts. Trump will show how the [DS] committed treasonous against the US. In the end Trump will have the final move, checkmate.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1909947842845614115   https://twitter.com/WallStreetMav/status/1909935573772738708 Schumer: We Want to Take Tariff Authority from Trump We Allowed Biden to Have Because Trump's ‘Going So Overboard'  Chuck Schumer (D-NY) r  “Congress has always had the power to deal with tariffs, and we've always had these fights in the past on some of the tariff issues as well. But now that Trump is going so overboard, Congress can, has every legal authority to take those powers back, and that's what we aim to do.”  Source: breitbart.com https://twitter.com/disclosetv/status/1909961646929301808 China is the Auto Capital of the World  China is the world's largest car producer and exporter. A little-known fact is that China first became the world's largest car exporter back in 2023, with low-cost EV companies BYD and Chery in the spotlight. The nation's auto sector has been steadily expanding since then, with Chinese brands reaching an all-time high of 69.4% of domestic passenger vehicle market share in Q1 2025. Overall, China exported 5.86 million vehicles in 2024, a 19.3% annual increase. Mexico, Russia, Brazil, and the UAE were the top buyers. China sold 4.96 million passenger vehicles (19.7% YoY increase), 900,000 commercial vehicles (17.5% YoY increase), and 1.28 million new energy vehicles, as well as 987,000 battery-electric vehicles. Japan is the world's second-largest car exporter, exporting 4.22 million vehicles in 2024. This marked a -4.5% decline from 2023. Toyota remains Japan's leading vehicle, accounting for $312.28 billion in revenue and 830,048 million vehicles. Germany is holding onto third place in auto exports. In 2024, Germany exported 3.4 million passenger cars, marking a 2.5% annual increase. Around 25.9% of all vehicles exported from Germany last year were electric. Volkswagen Group remains Germany's star, generating $354.86 billion in revenue for the year. Source: armstrongeconomics.com Scott Bessent Reminds China They Need Access To US Market Far More Than America Needs Access To Their Economy Treasury Secretary Scott Bessent warned that China's decision to retaliate against President Donald Trump's tariffs will ultimately backfire. China announced it is raising tariffs on American goods from 34% to 84% in response to Trump hiking tariffs on Chinese goods from 54% to 104%,   Bessent  thats because China exports far more to the U.S. than it imports, it has more to lose in a trade war. China exported $438.9 billion worth of goods to the United States in 2024 while the U.S. exported $143.5 billion to China, according to the U.S. Trade Representative. Consumer spending in America makes up nearly 70% of its Gross Domestic Product (GDP), according to J.P. Morgan Asset Management.

In this week's jam-packed Market Minutes recap, hear from our team of experts as they share their perspectives on the latest economic reports. Our panel shares detailed insights into the U.S. Consumer Confidence report, GDP, PCE inflation, equities, the credit market, and municipal bonds. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of EquitiesTim McDonough, Director of Fixed Income Portfolio Management03:20 – The Conference Board's U.S. Consumer Confidence report was released and showed a decline in overall consumer confidence due to factors such as the stock market, inflation, and others03:58 – The final estimate of Gross Domestic Product (GDP) for the fourth quarter 2024 was reported at 2.4%, slightly revised up from prior estimates 04:41 – The Bureau of Economic Analysis reported Core PCE inflation at 0.4% month-over-month in February, as well as 2.8% year-over-year, both unfavorable06:11 – Comments on the equities market and how the market's volatility is influencing investors' thinking surrounding trades11:31 – Though the recent PCE inflation report was less than favorable, the credit markets, investment grade and high yield bond spreads don't seem to be adversely affected by the reading, as of now15:22 – Remarks on the municipal bond market and changing dynamics of yield opportunities for investorsAdditional ResourcesKey Questions: How Much Tech Do You Really Own? | Key Private BankKey Questions: How Do We Invest in Tech? | Key Private BankKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterWeekly Investment BriefFollow us on LinkedIn

Last week, Bank of England ("BoE") Governor Andrew Bailey reaffirmed a cautious policy stance, highlighting the UK economy's stagnation despite a slightly stronger fourth quarter Gross Domestic Product (“GDP”). Inflation surprised on the upside, rising to 3% in January - its highest in 10 months - driven by transport and food costs. Wage growth showed mixed signals, with official data indicating resilience but private surveys pointing to a slowdown. The job market weakened, with rising redundancies ahead of April's National Insurance hike. Retail sales unexpectedly surged in January, but consumer confidence hit its lowest level since Labour took office. Corporate insolvencies reached a five-year-high, particularly in construction and retail. Meanwhile, manufacturing volumes continued to decline, although future expectations improved...Stocks featured:Centrica, Glencore and Lloyds Banking GroupTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.

Owe no man nothing, says the scripture.The fact remains, however, that every single American is in debt, EVERY ONE OF US. Every day of every month, we owe someone something. That debt could be as normal as a phone bill, electric bill, cell phone or cable bill, or currently repayable credit card bills. But, we always owe something if we wish to live in any reasonable way in this world.What that debt admonition means is that we ought not to owe anything which we cannot repay in the present in whole or in part. None of us could own a home unless we were able to borrow a mortgage for 10, 20 or 30 years, and make the monthly payments with interest thereon. If we can repay that 30-year debt on a monthly basis and timely so, that is a manageable obligation and not the kind of debt proscribed by scripture.Debt, unpayable debt, and especially that debt which accumulates with interest, sometimes as much or almost so as the debt principle itself is crushing. It is always there, its presence a constant reminder that so much of the future has been mortgaged and that our present spending endangers and preempts our options for the future. Families are ruined by that kind of debt. So are marriages. Profligate businesses go bankrupt and governments, nations and states which over-borrow and accumulate crushing interest obligations sacrifice the future for the present. They kick the financial can down the road.And that, my fellow Americans, is the pathway and the financial condition of our beloved America. Our once great country, operating on a current budget, the financial envy of the world, the dollar the hallmark of financial stability, is now the unbelievable debtor in the amount of:$36 TRILLION DOLLARS.$36 Trillion Dollars. As incredible, hard to believe, and frightening as that number is, the interest America pays on those $36 trillion dollars of debt is now at or about:$1.3 TRILLION DOLLARS ANNUALLY.$1.3 Trillion dollars in interest alone!That means, my fellow Americans, that every American household owes as much as $275,000 of that debt. Or that also means that every tax paying person in America, every citizen, owes the sum of approximately $110,000 to our creditors, foreigners and foreign nations, and American business entities and individuals. $275,000 PER HOUSEHOLD and $110,000 PER PERSON. That is the kind of debt with interest that scripture so aggressively warns against. But we do nothing, our leaders do nothing to stop the bleeding and solve the problem. The overwhelming debt problem. But some day, we will have no choice but to deal with this horrendous financial reckoning.Economists now believe that the nation's debt of at or about $36 Trillion Dollars is indeed an existential threat to our great country, and to us, we the people. The fact of the matter is that America does not owe this debt, we do. WE, THE PEOPLE, the citizens of this great country owe that $36 trillion dollars, with its unbelievable annual interest burdens. WE OWE THAT MONEY! And someday, we will have to pay it. What an unbelievable effect that will have on our lifestyles and our future. That existential threat threatens our very existence!But our Federal Government continues in its profligate way. It spends, and it spends more. It never seems to care because it can postpone the debt, financing even more of its spending, and it always has what it thinks is the fail-safe remedy, and that is:TAXATION.More taxation, more taxes, for we the people to pay.And more bad financial news. Economists estimate that by the year 2034, a decade from now, America will add $20 trillion dollars to its debt of $36 trillion dollars, which would put our country in debt by the staggering sum of $56 trillion dollars, $56 TRILLION DOLLARS! And some economists think those estimates are conservative, believing that the real debt will be as high as $60 trillion dollars or even more if spending continues as is. That would also mean that the annual interest alone on that staggering debt would be somewhere between $2 Trillion and $2.5 Trillion Dollars Annually, and possibly more. In the year 2034, our total debt will be approximately 120% of our Gross Domestic Product (GDP). And hear these words carefully:NO NATION HAS EVER CARRIED THAT KIND OF GOVERNMENT-DRIVEN DEBT AND ESCAPED CALAMITY. NOT ONE GOVERNMENT IN THE ENTIRE HISTORY OF MANKIND HAS EVER SPENT OR WILL SPEND WHAT WE AMERICANS ARE AND ESCAPED ABSOLUTE AND TOTAL DISASTER AND CALAMITY.Not to worry, say the Democrats in charge and in power and seeking four more years of spending privileges, assuming the election of Harris-Walz. We will simply tax the rich more and more. Even if there is a sharp rise in the tax rates for the wealthy, that meager amount of additional income would never begin to seriously pay down the debt which our once fiscally responsible America now owes and will owe ten years from now.But that day of reckoning will come when we the people will pay an unbelievable price for the profligate way our Federal Government spends our money and accumulates this strangling, bankrupting debt.Regarding the so-called rich, the top 1% of Americans in terms of earnings reported 26.3% of the country's adjusted gross income and paid accordingly:Almost 46% of total income taxes!All the rest of America's taxpayers, 99% of them, paid the grand total of 54% of all taxes. But there is never any effort to tax more the 54% but only the so-called rich and wealthy 46%. That is fiscal policy which leads to absolute disaster!Even more interesting, the top 10% of all earners in America provided 76% of the total revenue, tax revenue, and the other 90% of taxpayers provided 24% of tax revenue. If you were not one of the so-called wealthy, you have really gotten off cheap by taxing comparison.Our great country, We The People, face the ever-present possibility of default in payments to our creditors, now $36 trillion dollars and in 10 years to be some $60 trillion dollars. That default of any serious kind would set off a major depression and fiscal revolution THE WORLD OVER. That economic crisis could well ruin the world.There would also exist in America HYPERINFLATION. That is what occurred in Germany where the German Mark was absolutely worthless. If those tragic and calamitous conditions arise in America, our dollar will be just like that Mark and virtually worthless itself.That debt-caused disaster will produce incredible internal instability, even revolution, and the very real potential of the destruction of law and order. It could also occasion the rise of dictatorship, as the very same fiscal problems in Germany gave rise to Adolf Hitler and it would undoubtedly be the end of our great democracy.But, my fellow Americans, that debt and the problems it causes, are:OUR FAULT.Our responsibility. We the People allowed that debt to happen. We continue one election after another to elect a president, a senate, a house of representatives which do nothing, absolutely nothing about the problem, continue to spend, talk the talk but never walk the walk, and again do absolutely nothing about this incredible end-of-America problem, nothing but nothing. But the day of economic reckoning comes, and we will pay, WE WILL PAY! Or, our children and grandchildren will pay. The life and lifestyle which they hope for and work for will never materialize and the America we now know will never be the America they will ever know. What America once was fiscally and economically will be nothing more than an historical footnote.Wake up, my fellow Americans, please wake up. You vote, you elect these politicians to represent you. You allow them to spend your money, to tax you, to do as they please with YOUR money but the one thing they never do is hold themselves accountable for the way they spend your money, the fiscal problems they are causing, and the insurmountable debt they are creating, which may very well never be repaid. That of course would be the end of the democratic America we now love and enjoy. But again, we have no one to blame but ourselves. We the People allow these reckless economically indifferent or ignorant politicians to do what they please, spend our money as we will, and we continue to do nothing:NOTHINGabout that spending or them. When this disaster, this calamity occurs, we will have no one to blame but:OURSELVES – WE THE PEOPLE!

The UK economy faced mixed signals last week, with the Bank of England ("BoE") rate cuts struggling to filter through to borrowing costs, partly due to US market influence. Chief Economist Huw Pill warned against assuming inflation is conquered, advocating for a cautious policy approach. Meanwhile, the labour market has weakened significantly, with job vacancies falling at their fastest pace since 2020. Consumer confidence remained shaky, with fears of unemployment dampening spending. However, retail sales surprised positively, driven by health and beauty trends. Gross Domestic Product (“GDP”) data showed unexpected growth of 0.1% in the fourth quarter, defying recession expectations, while housing activity stalled. Despite economic uncertainty, chief executives remained optimistic about business prospects...Stocks featured:British American Tobacco, Coca-Cola HBC and UnileverTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.

The UK economy faced significant headwinds in 2024, marked by stagnation and subdued growth. December's Purchasing Managers' Index (“PMI”) data revealed the weakest private sector performance since October 2023, with composite PMI at 50.4 and a sharp decline in new orders. Rising payroll costs and declining demand drove the steepest fall in employment since January 2021, while business confidence fell to a two-year low following tax increases in the Autumn Budget. Although KPMG raised its 2025 Gross Domestic Product (“GDP”) forecast to 1.7% due to expansionary fiscal policy, 2024 growth remained modest at 0.7%, with inflation averaging persistently high levels. Despite signals of gradual rate cuts from the Bank of England, bond market volatility added uncertainty to the outlook.Stocks featured:Clarksons, Greggs and Just GroupTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.

Capitalism can't work unless it's growing. How do economists measure capitalist growth? Through the Gross Domestic Product (GDP). The GDP is a magical number that goes up and down, but do you know how it's calculated? Well, tune in and learn all about the GDP and why it sucks! Intro Music by Amaryah Armstrong Outro music by theillogicalspoon https://theillalogicalspoon.bandcamp.com/track/hoods-up-the-low-down-technified-bluesSupport The Magnificast on Patreon http://patreon.com/themagnificast Get Magnificast Merch https://www.redbubble.com/people/themagnificast/ 

Roy L Hales/Cortes Currents - With the rise of global emissions already at 1.4°C, we are currently on track to reach 2.8°C by the end of this century. The Intergovernmental Panel on Climate Change (IPCC) claims, “every additional 0.1°C of global warming causes clearly discernible increases in the intensity and frequency of temperature and precipitation extremes, as well as agricultural and ecological droughts in some regions.”  Denise Mullen, from the Business Council of BC, recently informed the SRD's Natural Resources Committee that the province faces a more urgent problem. British Columbia is in the midst of a productivity emergency. “BC is unique among the provinces in registering effectively no private sector growth in the last five years.” “Almost all of the job growth in British Columbia has been in the public sector. Mainly in education, health, and public administration and even more so in general government administration.” 85% of the job growth on Vancouver Island has been in this sector. “The point to take away from the two, public and private, is that you need a strong private sector to pay for public sector jobs.” Mullen pointed to CleanBC, the provincial government's plan to fight climate change, “the plan is to shrink the economy.” According to the Canada Energy Regulator, BC's “emissions have INCREASED 26% since 1990.” This is only half the amount of the global increase, but during this same time period the EU reduced its emissions 37% BELOW 1990 levels while dramatically growing its Gross Domestic Product (GDP). The European Commission states this reduction was ‘driven by the growth in renewable energy generation and fall in coal and gas use.'   Denise Mullen: “We should be focusing on global emissions and not domestic emmissions. Our hard targets on emissions are damaging to the economy, especially given that the rest of the world is responsible for 99.81% of global emissions. There's not a lot we can do to create an inflection point in the direction of either energy use or GHG emissions, but we can hurt ourselves economically.”

Ghana's debt is expected to decline to 70% of Gross Domestic Product (GDP) in 2024 from 77% of GDP in 2023. It is also expected to narrow to 68% in 2025 and 2026 respectively

Owe no man nothing, says the scripture.The fact remains, however, that every single American is in debt, EVERY ONE OF US. Every day of every month, we owe someone something. That debt could be as normal as a phone bill, electric bill, cell phone or cable bill, or currently repayable credit card bills. But, we always owe something if we wish to live in any reasonable way in this world.What that debt admonition means is that we ought not to owe anything which we cannot repay in the present in whole or in part. None of us could own a home unless we were able to borrow a mortgage for 10, 20 or 30 years, and make the monthly payments with interest thereon. If we can repay that 30-year debt on a monthly basis and timely so, that is a manageable obligation and not the kind of debt proscribed by scripture.Debt, unpayable debt, and especially that debt which accumulates with interest, sometimes as much or almost so as the debt principle itself is crushing. It is always there, its presence a constant reminder that so much of the future has been mortgaged and that our present spending endangers and preempts our options for the future. Families are ruined by that kind of debt. So are marriages. Profligate businesses go bankrupt and governments, nations and states which over-borrow and accumulate crushing interest obligations sacrifice the future for the present. They kick the financial can down the road.And that, my fellow Americans, is the pathway and the financial condition of our beloved America. Our once great country, operating on a current budget, the financial envy of the world, the dollar the hallmark of financial stability, is now the unbelievable debtor in the amount of:$36 TRILLION DOLLARS.$36 Trillion Dollars. As incredible, hard to believe, and frightening as that number is, the interest America pays on those $36 trillion dollars of debt is now at or about:$1.3 TRILLION DOLLARS ANNUALLY.$1.3 Trillion dollars in interest alone!That means, my fellow Americans, that every American household owes as much as $275,000 of that debt. Or that also means that every tax paying person in America, every citizen, owes the sum of approximately $110,000 to our creditors, foreigners and foreign nations, and American business entities and individuals. $275,000 PER HOUSEHOLD and $110,000 PER PERSON. That is the kind of debt with interest that scripture so aggressively warns against. But we do nothing, our leaders do nothing to stop the bleeding and solve the problem. The overwhelming debt problem. But some day, we will have no choice but to deal with this horrendous financial reckoning.Economists now believe that the nation's debt of at or about $36 Trillion Dollars is indeed an existential threat to our great country, and to us, we the people. The fact of the matter is that America does not owe this debt, we do. WE, THE PEOPLE, the citizens of this great country owe that $36 trillion dollars, with its unbelievable annual interest burdens. WE OWE THAT MONEY! And someday, we will have to pay it. What an unbelievable effect that will have on our lifestyles and our future. That existential threat threatens our very existence!But our Federal Government continues in its profligate way. It spends, and it spends more. It never seems to care because it can postpone the debt, financing even more of its spending, and it always has what it thinks is the fail-safe remedy, and that is:TAXATION.More taxation, more taxes, for we the people to pay.And more bad financial news. Economists estimate that by the year 2034, a decade from now, America will add $20 trillion dollars to its debt of $36 trillion dollars, which would put our country in debt by the staggering sum of $56 trillion dollars, $56 TRILLION DOLLARS! And some economists think those estimates are conservative, believing that the real debt will be as high as $60 trillion dollars or even more if spending continues as is. That would also mean that the annual interest alone on that staggering debt would be somewhere between $2 Trillion and $2.5 Trillion Dollars Annually, and possibly more. In the year 2034, our total debt will be approximately 120% of our Gross Domestic Product (GDP). And hear these words carefully:NO NATION HAS EVER CARRIED THAT KIND OF GOVERNMENT-DRIVEN DEBT AND ESCAPED CALAMITY. NOT ONE GOVERNMENT IN THE ENTIRE HISTORY OF MANKIND HAS EVER SPENT OR WILL SPEND WHAT WE AMERICANS ARE AND ESCAPED ABSOLUTE AND TOTAL DISASTER AND CALAMITY.Not to worry, say the Democrats in charge and in power and seeking four more years of spending privileges, assuming the election of Harris-Walz. We will simply tax the rich more and more. Even if there is a sharp rise in the tax rates for the wealthy, that meager amount of additional income would never begin to seriously pay down the debt which our once fiscally responsible America now owes and will owe ten years from now.But that day of reckoning will come when we the people will pay an unbelievable price for the profligate way our Federal Government spends our money and accumulates this strangling, bankrupting debt.Regarding the so-called rich, the top 1% of Americans in terms of earnings reported 26.3% of the country's adjusted gross income and paid accordingly:Almost 46% of total income taxes!All the rest of America's taxpayers, 99% of them, paid the grand total of 54% of all taxes. But there is never any effort to tax more the 54% but only the so-called rich and wealthy 46%. That is fiscal policy which leads to absolute disaster!Even more interesting, the top 10% of all earners in America provided 76% of the total revenue, tax revenue, and the other 90% of taxpayers provided 24% of tax revenue. If you were not one of the so-called wealthy, you have really gotten off cheap by taxing comparison.Our great country, We The People, face the ever-present possibility of default in payments to our creditors, now $36 trillion dollars and in 10 years to be some $60 trillion dollars. That default of any serious kind would set off a major depression and fiscal revolution THE WORLD OVER. That economic crisis could well ruin the world.There would also exist in America HYPERINFLATION. That is what occurred in Germany where the German Mark was absolutely worthless. If those tragic and calamitous conditions arise in America, our dollar will be just like that Mark and virtually worthless itself.That debt-caused disaster will produce incredible internal instability, even revolution, and the very real potential of the destruction of law and order. It could also occasion the rise of dictatorship, as the very same fiscal problems in Germany gave rise to Adolf Hitler and it would undoubtedly be the end of our great democracy.But, my fellow Americans, that debt and the problems it causes, are:OUR FAULT.Our responsibility. We the People allowed that debt to happen. We continue one election after another to elect a president, a senate, a house of representatives which do nothing, absolutely nothing about the problem, continue to spend, talk the talk but never walk the walk, and again do absolutely nothing about this incredible end-of-America problem, nothing but nothing. But the day of economic reckoning comes, and we will pay, WE WILL PAY! Or, our children and grandchildren will pay. The life and lifestyle which they hope for and work for will never materialize and the America we now know will never be the America they will ever know. What America once was fiscally and economically will be nothing more than an historical footnote.Wake up, my fellow Americans, please wake up. You vote, you elect these politicians to represent you. You allow them to spend your money, to tax you, to do as they please with YOUR money but the one thing they never do is hold themselves accountable for the way they spend your money, the fiscal problems they are causing, and the insurmountable debt they are creating, which may very well never be repaid. That of course would be the end of the democratic America we now love and enjoy. But again, we have no one to blame but ourselves. We the People allow these reckless economically indifferent or ignorant politicians to do what they please, spend our money as we will, and we continue to do nothing:NOTHINGabout that spending or them. When this disaster, this calamity occurs, we will have no one to blame but:OURSELVES – WE THE PEOPLE!

Most people know Gross Domestic Product (GDP) as the go to number to evaluate an economy's performance. It is often referenced in the news, sometimes directly, other times implied in discussions of economic recession, recovery or boom. But other indicators, further removed from the limelight, are also vital for economic analysis: for example, Household Disposable Income (HDI) helps us to monitor changes in money that households have available to either spend or save for the future. In this episode of OECD Podcasts, Ashley Ward goes behind the numbers to learn how they're compiled, what they're good for, and how they complement each other with the help of the National Accounts Division's Sofia Sacks Ferrari and Philip Chan. Host: Ashley Ward, Advisor and Communications Manager (Statistics and Data Directorate). Guests: o Sofia Sacks Ferrari, Statistician (National Accounts Unit) o Philip Chan, Analyst (National Accounts Unit) To learn more about the OECD, our global reach, and how to join us, go to https://www.oecd.org/about/ To keep up with latest at the OECD, visit https://www.oecd.org/ Get the latest OECD content delivered directly to your inbox! Subscribe to our newsletters: www.oecd.org/newsletters

Tuesday morning, I covered the Trucking industry reacting to the DEA proposal to downgrade marijuana. Some are now taking about whether this will become a "potent" political issue during the November presidential election. The Federal Reserve's preferred inflation gauge, The Core Personal Consumption Price Index (PCE) report has been released; what this means regarding potential interest rate cuts at their meeting Sept. 17-18. U.S. Manufacturing Purchase Managers' Index was released, is the trend up or down. The Commerce Department revised its initial Gross Domestic Product (GDP), the total output of goods and services. Crude oil reacts to pessimism about demand uncertain supply increases; lackluster data from the U.S. and China as well as awaiting crude oil inventory reports.

Tuesday morning, I covered the Trucking industry reacting to the DEA proposal to downgrade marijuana. Some are now taking about whether this will become a "potent" political issue during the November presidential election. The Federal Reserve's preferred inflation gauge, The Core Personal Consumption Price Index (PCE) report has been released; what this means regarding potential interest rate cuts at their meeting Sept. 17-18. U.S. Manufacturing Purchase Managers' Index was released, is the trend up or down. The Commerce Department revised its initial Gross Domestic Product (GDP), the total output of goods and services. Crude oil reacts to pessimism about demand uncertain supply increases; lackluster data from the U.S. and China as well as awaiting crude oil inventory reports.

Stephen Grootes speaks to Koketso Mano, Senior Economist at FNB, about the latest Gross Domestic Product (GDP) figures for the 2nd Quarter of 2024 and what they indicate about the current state of South Africa's economy.    In other interviews on this episode of The Money Show, Stephen Grootes also discusses the future of South Africa's auto industry with Mike Mabasa, CEO of the National Association of Automobile Manufacturers of South Africa, exploring the impact of Volkswagen's potential German plant closures and the need for policy reforms to support electric vehicle adoption. See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Koketso Mano, Senior Economist at FNB about the latest Gross Domestic Product (GDP) figures for the 2nd Quarter of 2024, analyzing whether the recent data indicates a turning point in the economy.See omnystudio.com/listener for privacy information.

Thomas is joined by global wellbeing and wellbeing economics expert, program facilitator, and researcher, Julia Kim. They discuss how Bhutan's holistic approach to economics, deeply rooted in spiritual and cultural values, prioritizes individual and collective happiness and wellbeing over profit and expansion of capital. Julia explains the concept of Gross National Happiness (GNH) in Bhutan, contrasting it with the more conventional measure of Gross Domestic Product (GDP), and how this system is more regenerative than extractive, less driven by overconsumption, and leads to better outcomes for people and the environment. At a time of personal and collective trauma, burnout, and loss of hope, strengthening our capacity for inner wellbeing and authentic leadership is critical for enabling and inspiring wider organizational and systemic transformations.    ✨ Sign up for updates by visiting our website:

The long term savings rate for Americans is about 4% of annual income. Americans accumulated $2.3 Trillion of excess savings in August 2021 primarily due to government pandemic stimulus.   This excess savings has allowed consumer spending to remain strong for the past 3 years. Consumer spending accounts for about two-thirds of Gross Domestic Product (GDP).  Consumer spending has been the lone bright spot in the economy and likely has prevented a recession so far.    Consumer spending is weakening. Americans' savings are now below pre-pandemic levels. Credit card debt is at record highs.    Many Americans are using savings and debt to pay for basic expenses. The American consumer is struggling.    This is likely the last straw that will lead to recession.     You can invest in high cash value Your Personal Bank TM policies that are insured, with guarantees, income tax-free, highly liquid, and likely to increase returns for the next 5-10 years!   I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.

Tom welcomes back Danielle DiMartino Booth to the show to discuss de-dollarization and its implications for the US economy. Danielle argues that while concerns over countries moving away from the US dollar system have been ongoing for a long time, the US dollar remains dominant in global transactions due to its vast liquidity pool and lack of competition. She advises investors to diversify during financial crises instead of doubling down on dollars. The conversation touches upon the Federal Reserve's actions, with Danielle expressing concerns about potential policy errors regarding inflation and outdated data usage. Danielle discusses employment statistics, mentioning that hard data from the Quarterly Census of Employment and Wages (QCEW) plays a significant role in revisions to non-farm payrolls and Gross Domestic Product (GDP). She expresses concern over the Fed's reliance on outdated data and potential late action. The conversation also covers concerns about risks for regional banks, rising bankruptcy rates, and imminent student loan delinquencies. She also discusses signs of a potential recession, including slowdown in credit card spending, increasing charge offs, and decreasing employment levels. Despite some optimistic predictions, she express skepticism due to the weak economic foundation and the Fed's role in combatting inflation with varying opinions on its likelihood. Time Stamp References:0:00 - Introduction0:45 - Dedollarization Trends2:47 - Global Dollar Trade5:49 - Reserves and Data8:57 - Fed & Global C.B. Cuts10:49 - Fed & 2024 Elections12:55 - Consumer 'Health'13:58 - Fed Revisions & Data Lag19:44 - Bankruptcies & Inflation23:44 - Problems Not Priced-In25:27 - Regional Banking Risk28:47 - Bigger Banks & Losses32:52 - Credit Card Spending34:52 - Deep Long Recession?37:40 - Fed - Hard Landing38:55 - Inflation Targeting41:09 - Wrap Up Talking Points From This Episode The US dollar's dominance in global transactions is due to its vast liquidity pool and lack of competition. Investors are advised to diversify during financial crises instead of relying on dollars. Concerns over the Fed's policy errors, outdated data usage, and potential late action in addressing economic issues. Guest Links:Twitter: https://twitter.com/DiMartinoBoothSubstack: https://dimartinobooth.substack.com/Website: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather have appeared in other financial sources such as Bloomberg, CNBC, Fox Business, Institutional Investor, Yahoo Finance, The Wall Street Journal, MarketWatch, Seeking Alpha, TD Ameritrade, TheStreet.com, and more. A global thought leader on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy.

How do we recalibrate the metrics of mainstream politics, such as Gross Domestic Product (GDP) often used to define a nation's “success” — and recenter them on our collective and planetary wellbeing? What could a truly regenerative economy encompass, and what might that mean for our immediate and long-term activism?In this episode, we welcome Amanda Janoo, who feels called to help build just and sustainable economies through goal-oriented and participatory design policies.Join us as Amanda shares about the limitations of mainstream economics; what the “Wellbeing Economy” is all about; how it relates to other models such as circular economy or degrowth economy; and more.Tune in and subscribe to Green Dreamer via any podcast app, and get our show notes at greendreamer.com.

Widespread adoption of generative AI has the potential to boost Ireland's GDP by up to €45 billion (8%) in ten years, according to a report conducted by Implement Consulting Group and commissioned by Google. The increase is predominantly driven by a productivity boost to two-thirds of Ireland's workers. The report is part of a comprehensive study carried out between November 2023 and March 2024 that unveils the transformative economic potential of generative AI in the EU. Several countries, including Ireland, were analysed across the following areas: 1. The economic impact of AI 2. The impact of AI on jobs 3. Key sectors benefiting from AI adoption 4. AI readiness 5. AI and societal challenges Economic impact The 8% increase in GDP is largely attributed to a productivity boost to the majority of workers (66%) by augmenting their capabilities and enhancing efficiencies. The calculation takes into account the impact of re-employment of a small share of workers. At its peak, the productivity effect of generative AI in Ireland is estimated to be equivalent to 1.4% of GDP annually. A five-year delay in capturing the benefits of generative AI is estimated to reduce the GDP growth potential from 8% (€40-45 billion) to only 2% (€8-10 billion). Peter Burke T.D., Minister for Enterprise, Trade and Employment: "AI offers the potential to deliver a step change in productivity and growth in business, including for our SMEs. Our goal is for Ireland to be a leader in adoption of human-centric, trustworthy AI, as set out in our National AI Strategy, 'AI - Here for Good'. AI technology is clearly an enormous opportunity, and we must act now to seize the opportunity in order to harness AI technology for the good of both our economy and society. I welcome the publication of this research and Google's engagement to support Ireland's small businesses." Job implications Most jobs in Ireland (66%) are expected to be assisted by generative AI - automating a limited share of tasks and helping to create content including text, code and images, and collaborating with workers on complex problems. Unlike previous waves of automation that mainly impacted manual workers, generative AI is expected to primarily affect office-based professionals. An estimated 28% of jobs in Ireland are likely to remain largely unaffected by generative AI. These jobs include manual labour, outdoor tasks, such as construction and cleaning, and human-to-human tasks, such as personal care and food services. A small share of jobs (6%) are expected to have over half of their activities exposed to automation by generative AI. Key sectors benefiting from AI adoption The complementary role of generative AI means it can boost productivity across all sectors. Due to the vast size of Ireland's manufacturing sector (45% of Irish GVA), this is the area that holds the largest economic potential, where generative AI is estimated to boost annual productivity growth by 1.2% at peak, representing an increase of €15-16 billion. In contrast to past automation, such as robots, generative AI has the ability to boost productivity in the service sector, and many other countries are expected to see the greatest economic gains there. AI Readiness When it comes to AI adoption in Irish enterprises, Ireland is on par with the EU average level of adoption at 8%, but lags behind Northern European frontrunners such as Denmark (15%), Finland (15%), and Belgium (14%). In terms of research and development, Ireland cannot compete with large economies, such as the United States, and will therefore be dependent on EU-wide initiatives. Current gaps suggest that Ireland needs to focus on strengthening AI-related innovation drivers, such as the build-up of AI-related talent and research. Google has today announced a new AI education training pillar for SMEs in Ireland. 'Get ahead with AI' is a module offered as part of You're the Business, Google's digital upskilling programme delivered in partnership with Enterpri...

Tom welcomes economist John Williams, the founder of Shadow Government Statistics to the show. Williams shares his background in economics and economic modeling, which led him to scrutinize government statistics due to their potential inaccuracies. He became particularly concerned with employment data revisions and manipulation. Despite improvements, he remains skeptical about inconsistencies' impact on forecasting accuracy. Williams discusses the misrepresentation of inflation through changes in reporting methodologies, such as the Consumer Price Index (CPI). This underreporting of inflation affects cost-of-living adjustments and pension payouts, leaving retirees facing significant financial challenges. The pandemic exacerbated these issues with distorted CPI reporting. He also criticizes the current economic situation's representation through GDP growth rates, which may not accurately represent underlying economic conditions. Inflation can lead to an increase in reported real GDP without actual sales growth. The excessive money supply injected into the economy during the pandemic is another major contributor to inflation. Despite attempts to control inflation through interest rate hikes, the economy has suffered negative growth in critical sectors like retail sales, industrial production, housing, and employment. The Federal Reserve prioritizes the banking system over the economy, making high interest rates more beneficial for banks than for consumers. The historically large disparity between Gross Domestic Product (GDP) and Gross Domestic Income (GDI) further highlights a weak economy. John predicts that despite rising GDP, there is a potential worsening in the next six months with underlying economic downturn and potential high or even hyperinflation. He advises holding precious metals like physical gold and silver as a hedge against inflation and preserving purchasing power during these uncertain times. Gold has been an effective hedge against inflation over the last 40 years, although it can also be manipulated. Williams believes that the Federal Reserve will continue to intervene with monetary policies despite their inflationary effects. He encourages listeners to visit shadowgovernmentstats.com for more information and to contact him directly at johnwilliams@shadowstatts.com. His website was recently taken down, but the old site remains accessible for background information. Talking Points From This Episode Government statistics, particularly inflation data, can be manipulated and underreported, leading to inaccurate economic representations. The Federal Reserve's priority is keeping the banking system afloat rather than addressing underlying economic issues, causing negative consequences for consumers. The Gross Domestic Product (GDP) may not accurately represent economic conditions as it can be artificially boosted by inflation and government interventions. Precious metals like gold serve as a hedge against inflation and help preserve purchasing power during uncertain economic times. Time Stamp References:0:00 - Introduction0:38 - Background in Business4:15 - Models Being Redefined12:08 - Inflation Reporting17:26 - Releases & Revisions25:25 - Redefining Everything33:12 - Inflation Vs. GDP35:37 - Inflation Causations37:36 - Money Supply Measures46:56 - Real Economic Outlook50:39 - Gold - Inflation Hedge52:35 - Fed & The Next Crisis54:53 - Debt to GDP & Rates59:15 - Wrap Up Guest Links:Website: https://shadowstats.comE-Mail: johnwilliams@shadowstats.com Walter J. "John" Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies.

(AURN News) - The battle against stubbornly high inflation is facing fresh headwinds as the latest economic data shows the U.S. economy maintaining robust momentum, complicating the Federal Reserve's efforts to engineer a slowdown and tame price pressures. The Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge, rose 2.7 percent in March compared to a year earlier, according to a recent Commerce Department report. Adding to the Fed's challenges, the Gross Domestic Product (GDP) report for the first quarter of 2024 showed an increase of 1.6 percent, the government reported last week. The growth was fueled by a $407.1 billion jump in personal income and a 3.1 percent rise in disposable income, pointing to strong consumer spending. The mixed data dashes hopes for rate cut anytime soon by the Fed. Many analysts had anticipated rate cuts this year after inflation showed signs of moderating in 2023. However, the timing of potential cuts continues to be pushed back as price pressures persist. Earlier this month, AURN News reported that Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to restoring 2 percent inflation, its long-standing target. "Of course, the outlook is still quite uncertain, and if incoming data suggest that inflation is more persistent than I currently expect it to be, it will be appropriate to hold in place the current restrictive stance of policy for longer. I am fully committed to getting inflation back to 2 percent,” Powell told the International Research Forum on Monetary Policy in Washington. The Fed has raised interest rates 11 times between March 2022 and July 2023. From December of last year to today, the Fed has held rates steady in an effort to douse the highest inflation in 40 years. However, the latest numbers cast doubt on whether the pauses have been enough to meaningfully restrict economic activity and relieve price pressures. Learn more about your ad choices. Visit megaphone.fm/adchoices

The UK spends more than £50bn a year - 2.2% of Gross Domestic Product (GDP) - on defence, but government documents shared with Sky News show the country has no preparations for a nuclear war.   In January, Defence Secretary Grant Shapps warned the country is approaching a pre-war era and that in five years' time the UK could be looking at conflicts with Russia, China, Iran and North Korea.   So, is the UK ready?   On the Sky News Daily, Tom Cheshire is joined by our security and defence editor Deborah Haynes, who has seen documents outlining the UK's preparedness for nuclear war, and asks former soldier and now defence policy expert, Robert Clarke, what the military will need to do to prepare for war.  Producer: Soila Apparicio  Editor: Philly Beaumont 

The US has Lost 2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is Slowing   Show Description: Consumer spending has been the lone bright spot in the economy. Consumer spending accounts for about 2/3 of Gross Domestic Product (GDP).    The unprecedented amount of government stimulus has supported consumer spending. The excess money in the system takes time to percolate through the economy. It is running out for many people.   Also, the US has lost 2 million jobs in the past 8 months. If unemployment increases, we will likely experience a recession.       I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.   When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending.    The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

Gordon and Kerry discussed the performance of the S&P 500 and its fluctuations due to COVID-19. They also explored the potential risks and impacts on the equities market, the role of Treasury Secretary Yellen in managing market liquidity, and the consequences of tighter credit and looser financial conditions. Additionally, they compared Gross Domestic Product (GDP) and Gross Domestic Income (GDI), highlighting the discrepancies and the impact of inflation on GDI. Finally, they examined the current state of the U.S. economy, expressing concern over the growing national debt and the continuous reliance on credit. S&P 500, Gold, and Bitcoin Performance Discussion Gordon and Kerry discussed a chart that depicted the performance of the S&P 500, highlighting its fluctuations and the impact of COVID-19 on its trajectory. Gordon emphasized the narrowing of the S&P 500 and the possibility of it going parabolic. He also pointed out a significant point at 51,86, which was reached and then immediately pulled back, suggesting a potential risk. Kerry brought up the importance of considering gold and Bitcoin's behavior. Gordon concluded by cautioning that they were at a major junction and it might be time to reassess the risk, given that the last 5% could be catastrophic. He also mentioned the possibility of a correction back to the pre-COVID high. Gordon and Kerry discussed the current state of the equities market, expressing concern about potential risks and the possibility of a market downturn. They highlighted inflation as a potential trigger for a market correction and discussed the role of Treasury Secretary Yellen in managing market liquidity. They also discussed the impact of the Inflation Reduction Act and the potential consequences of tighter credit and looser financial conditions. Gordon compared the current situation to historical market trends and predicted corrections and attempts at a rally. GDP and GDI Discrepancies Under Bidenomics Gordon and Kerry discussed the discrepancies between Gross Domestic Product (GDP) and Gross Domestic Income (GDI). Gordon highlighted that the gap between the two has widened under Bidenomics, with GDI increasing due to inflation but not reflecting the money spent on expenditures. Gordon emphasized that the GDP formula includes borrowed money, referred to as investment income, which is contributing to the inconsistencies between the two figures. They concluded that there was a significant issue that needed to be addressed. U.S. Economy and Alternative Investments Discussed Gordon and Kerry discussed the current state of the U.S. economy. Gordon expressed concern over the potential flaws in the system, particularly the growing national debt and the continuous reliance on credit. He also noted the correlation between the yield on a 30-year bond and the growth in the GDP. Gordon further pointed out the increasing interest in gold and Bitcoin as an alternative to the U.S. dollar, suggesting that the central banks are buying gold and some major players are starting to invest in it. Kerry's opinion on this matter was not captured in the discussion. Statistics and Newsletter Discussion Kerry and Gordon discussed some statistical data about a certain issue, with Gordon presenting charts to illustrate his points. Kerry agreed with Gordon's conclusions and suggested that the charts could be found on Gordon's website, matzi.com, where a free weekly newsletter is also offered. Kerry also invited questions and comments via email and encouraged listeners to sign up for the newsletter. The possibility of Gordon returning for another discussion was also mentioned. Visit Gordon here: matasii.com Find Kerry here: FSN and here: inflation.cafe  

In this episode, Mukesh Bansal (Founder Myntra and Cult.Fit) is in conversation with Neelkanth Mishra, Chief Economist - Axis Bank and Head of Global Research - Axis Capital. In this compelling podcast episode, Neelkanth Mishra returns for an insightful economic exploration of India's future. We delve into the intricacies of India's economic landscape, focusing on the pivotal metric of growth - Gross Domestic Product (GDP). The episode explores pressing questions, envisioning India's future amidst the forecasted India Century. From the calculation of GDP by the Central Statistics Office to the diverse economic dynamics among states, the discussion provides a nuanced understanding. Neelkanth sheds light on the challenges of economic growth in a democratic setup, advocating for India's capacity to make tough decisions for sustainable development. Join the conversation as they unravel the intricacies shaping India's economic trajectory.Chapters: 00:00:00 - 00:00:53 Coming up!00:00:53 - 00:01:06 Opening theme00:01:06 - 00:02:54 Themes to be explored in this series00:02:54 - 00:09:46  The dynamics of GDP: Unveiling its origins, evolution, and calculative framework00:09:46 - 00:19:40 Understanding how GDP is measured in India00:19:40 -  00:25:51 Aiming for prosperity: Realistic economic goals and understanding GDP growth00:25:51 - 00:31:37 Analysing how China achieved accelerated growth in GDP 00:31:37 - 00:39:42 How can India increase the chances of accelerating the country's economic growth?00:39:42 - 00:54:51 What achievable economic growth rate can India realistically aim for, over what timeframe, and how?00:54:51 -  01:05:01 Neelkanth breaks down what India's economic market will look like in the future01:05:01 - 01:15:52 Diversity's impact: State-wise GDP and India's overall economic landscape01:15:52 - 01:29:07 What are the potential sources and amounts of capital expenditure available to India?01:29:07 - 01:34:55 Neelkanth predicts potential risks, drawbacks, and factors that may hinder India's future GDP growth01:34:55 - 01:36:09 Concluding today's episode and talking about what's to come in the next episodeResources: 1. GDP of Indian States and Union Territories: https://www.forbesindia.com/article/e... 2. More on China's Financial Repression: https://www.researchgate.net/publicat...3. Will this be India's Century? https://www.nytimes.com/interactive/2...4. More on India's 20 Trillion Economy Goal: https://www.deccanherald.com/business...5. How is the GDP of India calculated? https://www.investopedia.com/articles...6. Foxconn in India: https://www.thehindubusinessline.com/...7. More on the Xi Jinping Thought: https://www.aljazeera.com/economy/202...About SparX by Mukesh BansalSparX is a podcast where we delve into cutting-edge scientific research, stories from impact-makers and tools for unlocking the secrets to human potential and growth. We believe that entrepreneurship, fitness and t...

In this episode of The Open Door (February 7th, 2024), panelists Jim Hanink, Mario Ramos-Reyes and Valerie Niemeyer continue to discuss two unmentionables: Religion and Politics! Our welcome guest is Jeff Culbreath, a married father of six residing in the obscure suburbs of Sacramento. He works in the apparel industry, drives his busy kids around, and tries to be a low-maintenance husband to his hard-working wife. He enjoys writing on various topics and has maintained several blogs over the years. Please feel free to suggest others!By way of introduction, could you please tell us a bit about yourself and your family?You've been influenced by, among others, Russell Kirk, Wendell Berry, and Neil Postman. In what ways?How did you come to be a Roman Catholic?What led you to the Republican Party and, in recent years, away from it?Can we have good government without good people?Can public policy help people be good? If not, why not? If yes, can you give examples?The preamble to the American Solidarity Party (ASP) platform states, “we acknowledge the state should be pluralistic.” What does that mean? How do pluralism and solidarity impact each other?What is “the gift economy”? How does it relate to the Gross Domestic Product (GDP)? Why is it important? What can be done to improve it?The ASP platform addresses “marriage and family” issues in detail, but doesn't have much to say about extended families. How can public policy strengthen extended families?How do you reconcile belief in an “ownership society”, that is, Distributism, with the huge economies of scale that we all depend upon in a modern economy? We can't all be owners, can we? BONUS: Do you plan on running for public office?

The Rich Zeoli Show- Hour 2: Dr. EJ Antoni—Economist & Research Fellow in The Heritage Foundation's Grover M. Hermann Center for the Federal Budget—joins The Rich Zeoli Show to react to news that Gross Domestic Product (GDP) grew by 4.9% in the third quarter. What fueled economic growth, and is it sustainable? Worryingly, The Wall Street Journal notes that GDP growth was accompanied by a massive decline in savings rates. Plus, is $8.99 for cereal the latest symptom of inflation? You can read Dr. Antoni's latest editorial here: https://www.heritage.org/markets-and-finance/commentary/never-ending-inflation-thats-bidenomics-action Dr. Victoria Coates— Former Deputy National Security Advisor & the Vice President of the Davis Institute for National Security and Foreign Policy at The Heritage Foundation—joins The Rich Zeoli Show to discuss reports that Israel Defense Forces have begun expanding their ground operations in Gaza. She also reacts to news that in response to drone attacks against U.S. troops, American F-16 fighter jets conducted two airstrikes against Iranian-backed military groups in Syria. Are things escalating between the U.S. and Iran? Dr. Coates is the author of “David's Sling: A History of Democracy in Ten Works of Art.” You can find her book here: https://www.amazon.com/Davids-Sling-History-Democracy-Works/dp/1594037213 While appearing on Fox News with Sean Hannity, Speaker of the House Mike Johnson (R-LA) responded to Democrats referring to him as a “MAGA extremist”—explaining that they don't know him, politely asking them to give him a “chance to lead.”

The Rich Zeoli Show- Full Episode (10/27/2023): 3:05pm- The Wall Street Journal Editorial Board writes: “The Justice Department's Crossfire Hurricane investigation is the fiasco that keeps on giving, and look no further than this week's revelations of abuse of power. The latest news is that Justice snooped on the Congressional investigators who dared to conduct oversight of its snooping on the 2016 Trump campaign. Numerous current and former congressional staffers have learned that Justice subpoenaed their personal phone and email records in 2017, likely under the pretext of a leak investigation. The targets included Republican and Democratic staffers in the Senate and House. They join staffers and Members of the House Intelligence Committee, who over the past two years said they were notified by Google or Apple that Justice seized their data. By our count, executive-branch prosecutors have now been caught fishing through the records of more than a dozen employees of the congressional branch.” You can read the full editorial here: https://www.wsj.com/articles/department-of-justice-congress-spying-jason-foster-empower-oversight-f2d6235e?mod=opinion_lead_pos1 3:15pm- Brooke Singman of Fox News reports: “The FBI maintained more than 40 confidential human sources on various criminal matters related to the Biden family, including Joe Biden, dating back to his time as vice president, according to information obtained by Sen. Chuck Grassley…Grassley learned that an FBI task force within the Washington Field Office sought to, and in some cases, successfully, shut down reporting and information from those sources by falsely discrediting the information as foreign disinformation. That effort ‘caused investigative activity to cease.'” You can read the full report here: https://www.foxnews.com/politics/fbi-received-criminal-information-40-confidential-sources-joe-biden-hunter-jim-grassley 3:30pm- On Thursday, in response to drone attacks against U.S. troops, American F-16 fighter jets conducted two airstrikes against Iranian-backed military groups in Syria. While appearing on MSNBC, Defense Department Spokesperson Brigadier General Pat Ryder said of the strikes against Iranian proxies: “Hopefully they get the message loud and clear and will cease these attacks against our forces in Iraq and Syria.” 3:40pm- While appearing on Fox News with Sean Hannity, Speaker of the House Mike Johnson (R-LA) vowed to separate funding packages for Ukraine and Israel—explaining that House Republicans will find $14 billion in budgetary cuts and use that savings to provide Israel with the aid they've requested. 3:50pm- While walking to her Congressional office, far-left Rep. Rashida Tlaib (D-MI) was asked to condemn the actions of Hamas. Instead, Tlaib bizarrely accused the reporter of “dehumanizing Palestinians.” 4:05pm- Dr. EJ Antoni—Economist & Research Fellow in The Heritage Foundation's Grover M. Hermann Center for the Federal Budget—joins The Rich Zeoli Show to react to news that Gross Domestic Product (GDP) grew by 4.9% in the third quarter. What fueled economic growth, and is it sustainable? Worryingly, The Wall Street Journal notes that GDP growth was accompanied by a massive decline in savings rates. Plus, is $8.99 for cereal the latest symptom of inflation? You can read Dr. Antoni's latest editorial here: https://www.heritage.org/markets-and-finance/commentary/never-ending-inflation-thats-bidenomics-action 4:30pm- Dr. Victoria Coates— Former Deputy National Security Advisor & the Vice President of the Davis Institute for National Security and Foreign Policy at The Heritage Foundation—joins The Rich Zeoli Show to discuss reports that Israel Defense Forces have begun expanding their ground operations in Gaza. She also reacts to news that in response to drone attacks against U.S. troops, American F-16 fighter jets conducted two airstrikes against Iranian-backed military groups in Syria. Are things escalating between the U.S. and Iran? Dr. Coates is the author of “David's Sling: A History of Democracy in Ten Works of Art.” You can find her book here: https://www.amazon.com/Davids-Sling-History-Democracy-Works/dp/1594037213 4:55pm- While appearing on Fox News with Sean Hannity, Speaker of the House Mike Johnson (R-LA) responded to Democrats referring to him as a “MAGA extremist”—explaining that they don't know him, politely asking them to give him a “chance to lead.” 5:00pm- Dr. Wilfred Reilly—Professor of Political Science at Kentucky State University & Author of “Lies My Liberal Teacher Told Me”—joins The Rich Zeoli Show to discuss South Park making fun of Lucasfilm President Kathleen Kennedy and Disney for pandering to the far-left by making movies with “woke” narratives. Will Disney continue to frustrate audiences with bad remakes featuring forced political messaging? Plus, Princeton University students chant for the murdering of Israelis. When will prestigious universities finally stand up to the outlandish, anti-Semitic comments being made by their students and professors? You can pre-order Dr. Reilly's upcoming book here: https://www.amazon.com/Lies-My-Liberal-Teacher-Told/dp/0063265974 5:40pm- Steven Shepard of Politico writes: “Democrats are about to find out how worried they need to be about Black voter support…President Joe Biden's approval rating with Black voters has dropped disproportionately compared with white voters, polls show, driving down his overall numbers. Last week's election of a Republican governor in Louisiana, the first in eight years, suggested diminished voter enthusiasm in the areas with the largest Black populations.” Could Black voters begin to align with the Republican party? You can read the full article here: https://www.politico.com/news/2023/10/21/democrats-black-voters-2024-00122846 6:05pm- Daniel Turner—Founder & Executive Director of Power the Future—joins The Rich Zeoli Show to discuss how Biden Administration energy policies have had a negative impact on gas prices in America. If war in the Middle East escalates due to Iranian involvement, how high could oil prices climb? You can learn more about Power the Future here: https://powerthefuture.com/about-us/ 6:30pm- Matt defends his decision to forgo wine and instead drink Coca-Cola with pizza while in Italy. Rich continues to demand that he be fired immediately. 6:40pm- The U.N. General Assembly voted against a resolution that would have unequivocally condemned Hamas for the October 7th terrorist attacks against Israeli citizens. It failed to get the necessary two-thirds majority.

Recent sharp increases in energy prices have caused pain at the pump and pushed the inflation gauges higher. Couple this with student loan repayments, and what, then, is the state of the U.S. consumer heading into the holiday shopping season? When things get tight, what gets the ax? Is it travel? The movies? Restaurants? Or is everyone different? Further, what impact would this have on overall U.S. Gross Domestic Product (GDP)? Basically, how much will this recent uptick in inflation drive down real economic growth? Should we be worried? In this week's Trading Perspectives, Sam and John discuss recent, unexpected increases in inflation and what they could mean for the U.S. economy. Are there generational differences about the probable cause scenario?

Important figures on employment, wages, and Gross Domestic Product (GDP) have been released this week; all tell a story about how the UK economy is performing. The Sky News Daily's Niall Paterson sits down with our economics and data editor Ed Conway to find out what the numbers mean. Podcast Producer: Soila Apparicio Promotions Producer: David Chipakupaku Editor: Adam Jay

Prices are rising again because supply is still very low and current homeowners are reluctant to sell, given that most are paying mortgage rates that are less than half of today's rates.Today's Stocks & Topics: Cyclical Stocks vs. Non-Cyclicals Stocks, Inflation, MCO - Moody's Corp., ELF - e.l.f. Beauty Inc., Business Cycles, Gross Domestic Product (GDP), BAM - Brookfield Asset Management Ltd. Cl A, BN - Brookfield Corp., TGT - Target Corp., Consumer Stocks.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Join wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matt McElroy in this engaging episode of The Free Retiree Show. In this mid-year economic report, they analyze the economic conditions of the first half of the year and provide insights into what the second half may hold.   Drawing from JP Morgan's mid-year economic report, Lee, Sergio, and Matt explore key factors that impact the economy and provide valuable information for listeners to consider. They begin by discussing the challenges of reducing inflation, which has been influenced by factors such as the COVID-19 pandemic and the timeline for vaccine distribution.   In this episode, you'll learn:   An overview of the economic conditions for the first half of the year based on data from JP Morgan's mid-year economic report.   Insights into the factors influencing inflation and its current trends, including year-over-year CPI inflation and the Federal Reserve's interest rate hikes.   The impact of interest rates on mortgages, core goods inflation, and the significance of PCE core inflation in understanding overall inflation patterns.   Predictions for future interest rate hikes and the potential timeline for their implementation.   Analysis of Gross Domestic Product (GDP) measurements and projections for the economy in the fourth quarter of 2023 and the first quarter of 2024.   Examination of supply chains, including improvements in shipping costs, container ship capacity, and delivery times, and the potential impact on the prices of goods and services.   Insights into the stabilization of the housing market, including housing starts, existing home sales, and home builder sentiment.   Discussion on lending growth in regional banks, their reduced forecasts, and the challenges they may face in the current interest rate environment.   As the episode concludes, Lee, Sergio, and Matt invite listeners to like, share, and subscribe to The Free Retiree Show. They encourage listeners to send in their financial questions to ask@thefreeretiree.com. Tune in to gain valuable insights and make informed decisions about your finances and retirement plans.   #MidYearEconomicReport #InflationUpdate #InterestRates #EconomicForecast #FinancialInsights #TheFreeRetiree #FinancialFreedom #Retirement #InterviewTips #RetirementStrategy   

On today's episode of FYI we will be featuring last week's episode of In The Know, a monthly video series in which ARK CEO and CIO Cathie Wood discusses Fiscal Policy, Monetary Policy, Economic and Market Indicators and Innovation. On this specific episode, Cathie Wood, weighs in on artificial intelligence (AI), Bitcoin, Fed Policy, electric vehicles, the discrepancy between GDP and GDI, bankruptcies, and the German and Chinese economies. Watch the video version here. Key Points From This Episode: Lagging and leading market indicators Rising bankruptcies The Fed's policy, as indicated by the latest Fed meeting minutes The discrepancy between Gross Domestic Product (GDP) and Gross Domestic Income (GDI) The potential for a hard economic landing Bitcoin, and a potential spot Bitcoin ETF An apparent increase in demand for Electric Vehicles The current state of the German and Chinese economies The Artificial Intelligence Revolution Glossary of Terms “Fed” refers to the U.S. Federal Reserve, the central banking system of the United States. Fed Funds Rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. M2 is the U.S. Federal Reserve's estimate of the total money supply including all of the cash people have on hand plus all of the money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as certificates of deposit (CDs). Yield Curve is a graphical representation of the interest rates on debt for a range of maturities. It shows the yield an investor is expecting to earn if they lend their money for a given period of time. An inverted curve appears when long-term yields fall below short-term yields. An inverted yield curve occurs due to the perception of long-term investors that interest rates will decline in the future. A Basis Point is equal to 1/100th of a percentage point (100 basis points = 1%). Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. Nominal GDP is a measure of economic output that uses current prices and does not adjust for inflation. “CPI” refers to the Consumer Price Index, which is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Core CPI excludes food and energy. “Magnificent 7” is a term adopted by the financial industry to describe the top seven technology companies currently investing heavily in artificial intelligence (AI). The seven companies are Meta Platforms, Alphabet, Apple, Amazon, Microsoft, Nvidia and Tesla. The previously used “FAANGs” acronym, coined in 2017, described the top technology companies at the time and included Meta Platforms (f/k/a Facebook), Apple, Amazon, Netflix and Google (now trading under its parent company, Alphabet). “Mega-caps” refers to companies with market capitalizations in excess of $200 billion. Market capitalization refers to the total dollar market value of a company's outstanding shares of stock. The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. The Nasdaq-100 is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. “QQQs” refers to the Invesco QQQ Trust ETF which is a passive ETF that tracks the Nasdaq 100 Index and therefore is sometimes used as a proxy for the index in conversation.

U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could prompt the Federal Reserve to raise interest rates again next month. The growth picture was further brightened by other data from the Commerce Department on Friday showing a surprise rebound last month in orders of manufactured non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans.In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.They discuss the debate among Fed officials, centered on concerns over inflation not cooling fast enough and the labor market's persistent strength. Chris and Saied look at the increase in real GDP, which reflected increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment that were partly offset by decreases in private inventory investment and residential fixed investment.They also offer some thoughts on a jump in consumer spending of 0.8% last month after gaining 0.1% in March. Economists had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, would rise 0.4%.Join Chris and Saied for this fascinating and informative conversation.Enjoy!What You'll Learn in this Show:The difference between Gross DOmestic Income (GDI) and Gross Domestic Product (GDP).Why the National Bureau of Economic Research has not declared a recession.Why the additional stress placed on all corporations and profitability will be very visible in July.And so much more..."Gross Domestic Income GDI Suggests US Is In Recession Right Now" (Zero Hedge)"Strong US consumer spending, inflation readings put Fed in tough spot" (Reuters)"Fed officials debated need for rate hike at last meeting, minutes show" (CNN)"A Housing Bust Comes for Thousands of Small-Time Investors" (The Wall Street Journal)

"THE RISE OF A.I.": Artificial intelligence is getting smarter and being used more widely. From patient care to diagnostics, A.I. has already made its way into the medical community. Some see the advancements as positive, catching things a doctor might miss. But the increased use of AI is also raising concerns, as some fear it could deny patients the personal attention they need or even replace nurses and doctors. FOX News Medical Contributor and Professor at NYU Langone Health, Dr. Marc Siegel joins the FOX News Rundown to discuss the 'Rise Of A.I.' in health care and how the technology is already being used in hospitals, his concerns over where AI advancements could go in the future, and why he feels AI should always only be used as a tool and not a replacement for doctors. But First ... The GOP's debt ceiling bill passed in the House -- but President Biden remains unwilling to negotiate as the bill makes its way to the Senate, where a Democratic majority is likely to strike it down. Meanwhile, as new inflation and Gross Domestic Product (GDP) numbers disappoint economists who predicted quicker economic recovery in the U.S., many Americans worry that the potential inability to reach a debt ceiling consensus combined with weak economic numbers could mean trouble for America's financial well-being. On the Rundown, Chairman of the Committee on House Administration, Congressman Bryan Steil (R-WI), discusses why he believes the debt ceiling debate is primarily fueled by Democrats "having their heads in the sand," how irresponsible government spending has played a role in our weak economy, and the creation of his legislation, the 'Putting Investors First Act.' Plus, commentary by New York Post columnist Karol Markowicz. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many blame our obsession with economic growth as being one of the biggest drivers of climate change. The United Nations is currently looking at options for what might replace Gross Domestic Product (GDP) as the world's primary go-to indicator of success, taking into account factors including sustainability and the natural environment. If this happens, it would be the biggest shift in how economies are measured since nations first started using GDP in 1953, 70 years ago. Presenter Graihagh Jackson is joined by: Ehsan Masood, author, science journalist and an editor at the journal, Nature; Diane Coyle, economist and Bennett Professor of Public Policy at the University of Cambridge; Adil Najam, Dean Emeritus and Professor at the Pardee School of Global Studies, Boston University; Fouty-Boulanga Mouleka, on-the-ground reporter in Gabon Producer: Ben Cooper Researchers: Matt Toulson, Pierre-Antoine Denis, Bethan Ashmead-Latham and Laura Cain Series Producer: Alex Lewis Editor: China Collins Sound engineer: Tom Brignell Production Coordinators: Siobhan Reed and Sophie Hill

There are many speculations about the future of artificial intelligence (AI), and in this episode, we hear the opinions and predictions of a player in the inner folds of the AI space. Naveen Rao is the CEO and Co-Founder of the machine learning (ML) training platform, MosaicML, and the former CEO and Co-Founder of Nervana Systems. Naveen shares insight into the thesis behind Mosaic and the practical applications of Large Language Models (LLMs), as well as the Generative Pre-trained Transformer-2 (GPT-2) to GPT-3 transition and the challenge of training models with the constraint of data limits. He predicts the evolution of AI models in terms of quantity, size, and function, and the future of computers in general. If you're curious as to whether it makes sense to build smaller models or own your own model, this episode is for you. Tune in to hear Naveen's opinions on the impact of AI on the economy, the danger of centralizing resources, what constitutes sentience, and much more. “What we're doing at Mosaic is building tools to enable more people to have access to these technologies. When it's all centralized in one or two or three players, that creates a huge power dynamic.” — @NaveenGRao Key Points From This Episode: Naveen Rao's educational background and interest in synthetic intelligence. What led him to start his first AI company, Nervana Systems. The thesis behind MosaicML. What MosaicML offers customers. What Naveen considers to be 2022's most exciting breakthrough in AI. The innovation of ChatGPT. The GPT-2 to GPT-3 transition. The challenge of training models with the constraint of data limits. Naveen explains the concept of synthetic data. He predicts the evolution of AI models in terms of quantity, size, and function. Why it makes sense to build smaller models and own your own model where possible. Data as a moat component. Practical applications of LLMs. Naveen's opinion on whether AI will disrupt the economy or increase Gross Domestic Product (GDP). The danger of the centralization of resources. How MosaicML is making trading more efficient given the limits AI is facing. The efficiency improvements MosaicML customers are seeking out. Naveen's prediction for the rate of cost decline. The history of the computer password. The future of computers. The question of what constitutes sentience. Naveen recounts the acquisition process of selling Nervana Systems to Intel. How the innovator's dilemma will play out among competitors in the AI space. Naveen's advice for his past self.

As the 117th Congress comes to an end in the next couple of weeks, we are once again facing a looming government shutdown. Congress has until midnight on Friday to reach a deal to avoid a partial government closure.  This comes as Democrats and Republicans debate over a $1.5 trillion dollar omnibus bill that would fund the government through the end of September 2023. Yesterday, Senate Majority Leader Chuck Schumer asked for members to be prepared to pass a short-term continuing resolution that would give Congress an extra week to hash out the funding bill before the holidays. But this isn't the first time we've faced a potential government shutdown this year. On September 30th, Congress narrowly avoided a shutdown by 12 hours, by passing a stopgap measure that kicked the shutdown can down the road to where we are today. And if it feels like the threat of a looming shutdown happens on an annual basis, that's because it does. Just last December, Congress punted their spending deadline into the new year, and didn't pass a government funding bill until March of THIS year. The government has shut down 21 times since 1976.  And while it might seem like shutting things down saves a little money – it turns out that turning off the federal government is expensive! The 35 day shutdown during the Trump administration was the  longest in history and according to the Congressional Budget Office (CBO) it reduced Gross Domestic Product (GDP) by a total of $11 billion dollars. A Senate report estimated the last three shutdowns cost taxpayers about $4 billion. We speak more about the looming government shutdown with Roben Farzad, host of Full Disclosure on NPR's member station station Virginia Public Radio.