GDP growth by about 0.7 percentage point, similar to their estimate reported in our Outlook last year. Of course, not all experts believe that there is a mismeasurement problem. Notable among them is Chad Syverson of the University of Chicago, who raises four points in making thi...
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It follows that if real GDP is understated, then what appears to be a slow recovery is not as slow as reported and what appears to be a period of low productivity growth is not as low as reported. We believe that the evidence favors the mismeasurement argument. At a September 20...
Real Estate Bubble: Root Causes—Government Home Ownership Push + Declining Interest & Savings Rates + Aggressive Borrowing and Lending Led to 10+ Years of Rising Home Ownership USA Home Ownership Rates vs. Interest Rates vs. Personal Savings Rates, 1965 - 2010 0, _ i 0, 70% Jun...
…he idea of a united Europe would have seemed appealing in 1945. However, conditions for securing a lasting peace within Western Europe were arguably already in place by 1954. * A 2005 paper from Stanford raised expectations further by estimating theoretical wind power at 72 TW,...
…proach to Hungary. But they search in vain for logic in Trump’s posture. For those who still believe in the merits of a Western-style democracy there, which is a large majority in Budapest and a large minority in the countryside, the policy of appeasement signifies abandonment. T...
…ic Lawyers — an organization consisting largely of Communist lawyers from Eastern Europe and “progressive” lawyers from Western Europe. The International Association of Democratic Lawyers passed a resolution supporting Palestinian terrorism, characterizing it as “heroic” and “leg...
…Our conclusions about them “being one of those” can both facilitate and impair our perceptions. Eastern metaphysicians, Western mystical religionists, socially liberal secular humanists, Shannon information theorists and today’s students of dynamical systems in brain and behavior...
…iration for the project came from an analysis of the economics of the computer industry. Huge capital investment in the western world is driving most costs down, but one cost that seems to have stuck fast is the access device. Laptops tend to remain at a floor price of around $50...
…th, behind Pope Francis, President Obama, Billy Graham, and George W. Bush. Mr Obama and the Pope have a strong lead in Western nations but Mr Gates is highly regarded in every country polled, from Brazil to Egypt, Nigeria to Indonesia, Britain to Russia to Australia. ee as respo...
…isia and Egypt brought down the dreaded dictators. And in Libya, there is the thrill of liberty, delivered, in part, by Western powers. In the slaughter-grounds of Syria, the rage is not directed against foreign demons, but against the cruel rulers who have robbed that population...
…,” “As a superpower we will always be able to win any fight we put our minds to,” “Assimilation will ensure Muslims are westernized” ...) gain consent from others they tend to guide us deeply and become infused on our policies. Ultimately, what emerges is a relationship we take w...
…h. He decided to join them. Late in 1932, the Jewish National Fund, supported financially by leading Jewish figures in western Europe and the US, bought 2,000 acres from an Arab landowner near Wadi Khawaret. The area was set aside for three Jewish settlements: a moshav called Kf...
…adio, television, and online. At the same time, the Chinese government has severely limited the ability of US and other Western media outlets to conduct normal news gathering activities within China, much less to provide news feeds directly to Chinese listeners, viewers, and rea...
…m; that is if the reconciliation succeeds and the elections happen on time. It should be noted that certain Israeli and Western research institutions have estimated the timeframe that Hamas will need to explicitly recognize Israel. They may accept from Hamas certain rhetorical si...
…d west, and traced a route along the Huang Pu river, as he headed out towards E’Mei Shan several thousand miles away in Western China. E’Mei Shan - Eyebrow Mountain - was and is one of the holiest Buddhist sites in China. Nan was an unusual young man. At fifteen, he had won a na...