Economy of the United Kingdom
The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing power parity (PPP), and the third-largest in Europe measured by nominal GDP (after Germany and France) and second-largest measured by PPP (after Germany).
U.S. Oil Fields Stage “Great Revival,” But No Easing Gas Prices
Posted by admin / Under Economy Of The United Kingdom
The United States has long been seen as a nation in its twilight as an oil producer, facing a relentless decline that began when President Richard Nixon was in the White House. He and every president since pledged to halt the U.S. slide into greater dependence on foreign oil, but the trend seemed irreversible—until now. Forty-one years later, U.S. oil production is on the rise. U.S. oil fields yielded an estimated 5.68 million barrels per day in 2011—their highest output since 2003, thanks largely to a surge of new production from shale oil that lies beneath the Great Plains. The...
Published on Saturday 11th of February 2012 03:02:11 AM
Don't Be Fooled, The Obama Unemployment Rate Is 11%
Posted by admin / Under Economy Of The United Kingdom
When Barack Obama entered office in January, 2009, the labor force participation rate was 65.7%, meaning nearly two-thirds of working age Americans were working or looking for work. When the recession supposedly officially ended in June, 2009, the labor force participation rate was still 65.7%. In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history. That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair. The trick is that when those 5 million are not counted as in the work...
Published on Saturday 11th of February 2012 03:02:11 AM
OK Gov. Mary Fallin Releases Bold Tax Reform Plan
Posted by admin / Under Economy Of The United Kingdom
Oklahoma Governor Mary Fallin, in her State of the State Address, outlined a bold plan for tax reform focused on reducing rates and consolidating Oklahoma’s seven tax brackets. The plan would end Oklahoma’s complicated seven bracket income tax structure that begins taxing on the first penny any Oklahoman earns, instead replacing the structure with three brackets – Oklahoman’s making below $15,000 a year would pay a 0-percent rate, those making under $35,000 would pay a 2.25-percent rate, and those making $35,000 and above would pay a 3.5-percent rate. The Tax Foundation ranks Oklahoma as 38th in the nation in terms...
Published on Saturday 11th of February 2012 03:02:11 AM
(Shortened Title) STOCK Act Won't Stop Millionaire Congress Picking Winners and Losers
Posted by admin / Under Economy Of The United Kingdom
The House yesterday passed a new "reform" measure aimed at curtailing the practice of trading on securities with inside information amongst members of Congress and their staff. Suprise! Some members of Congress were arriving in Congress and becoming rich on the experience. Ever wonder how people go to Congress and become millionaires? The publication last year of a new academic report cleared up for us at least one way the millionaires' club known as Congress benefits.A report from four scholars, Alan J Ziobrowski; James W Boyd, Ping Cheng; and Brigitte J. Ziobrowski, titled Abnormal Returns From the Common Stock Investments...
Published on Saturday 11th of February 2012 03:02:11 AM
More on the Recovery (Yes folks, our economy is really recovering)
Posted by admin / Under Economy Of The United Kingdom
"If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?" a blogger recently asked.Because two years ago, there were 9 million fewer jobs than before the recession started. By no means is the economy recovered, but it is recovering.Plenty of readers took issue with my claim that last week's jobs report confirms that things are moving in the right direction. Some said the numbers were flawed. Others said I wasn't looking at the right numbers. Others were miffed at the idea of recovery because their...
Published on Saturday 11th of February 2012 03:02:11 AM
What Was He Thinking? [Fred Barnes questions Romney's conservatism]
Posted by admin / Under Economy Of The United Kingdom
...Romney’s embrace of insuring the minimum wage increases, currently at $7.25, was surprising for a candidate who insists he is a reliable conservative. It was major mistake on his part for three reasons. First, from an ideological standpoint, what was he thinking? Has he missed the decades long discussion among conservatives about the disastrous impact of the minimum wage? It has eliminated jobs – hundreds of thousands of them – for young persons on the low rungs of employment. The ill effects have been felt especially by African American youth. Not only that, but the minimum wage represents a government...
Published on Saturday 11th of February 2012 03:02:11 AM
Santorum's economic plan
Posted by admin / Under Economy Of The United Kingdom
Fresh from his triple win in Republican presidential contests on Tuesday, and following his Iowa victory last month, this is Santorum's opportunity to lay out his message to thousands of conservative attendees. Presidential candidates don't need dozens of different economic policies that Congress is unlikely to adopt. Voters don't read their white papers. They mostly want to hear, in general terms, what candidates will do to fix the economy, alleviate the debt burden on future generations, and put old-age entitlement programs back on a sustainable trajectory. One of the most carefully crafted proposals for entitlement reform is by House Budget...
Published on Saturday 11th of February 2012 03:02:11 AM
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