Tag Archives: Economy

Putin: ‘USA’s get-out attitude to Russia unacceptable’

Russian President Vladimir Putin started his large press conference at midday, December 20th. The conference brought together more than 1,200 Russian and foreign journalists.

The head of state started with statistics. According to him, the growth of GDP in January-October of this year made up 3.7 percent. According to Vladimir Putin, this is a good result. Recession in the world economy (and in particular in the euro area) became an obstacle for reaching better results, as well as a poor harvest in Russia. Last year, more than 90 million tons of grain were collected. This year, the harvest has dropped to 74 million tons. (more…)

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After the Storm, Haiti’s Food Situation Looks Bleak

ANN ARBOR — The aftermath of Hurricane Sandy, which ripped through southern Haiti in October, will extend beyond destruction and injury. The current and future food security looks bleak barring significant intervention during the next year, according to a University of Michigan report.

Rain-triggered mudslides throughout the country from the hurricane has not only washed out homes, but also roadways and bridges—bringing transportation to a near standstill, says Athena Kolbe, the report’s lead author and a U-M doctoral candidate in social work and political science. The natural disaster compounded Haiti’s long struggles to transport enough produce from the countryside to village markets and major urban centers. (more…)

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A Country of Two Tales

Confucius Institute director addresses global impact of China’s economy

China’s economy has undergone astounding growth during the past 60 years, with its gross domestic product (GDP) climbing from just under $18 billion in 1949 to almost $6 trillion in 2011. Most of that growth has occurred since 1980, when the country’s economic reform began.

The result? China has emerged from being known as “the world’s most populous country” to the “growth engine for the world’s economy.”

But the double-digit growth that China witnessed every year from 2003 to 2011 has slowed, leading to much debate about the seriousness of the downturn and how it will reverberate across the globe. (more…)

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comScore Reports $41.9 Billion in Q3 2012 U.S. Retail E-Commerce Spending, Up 15 Percent vs. Year Ago

comScore Chairman Gian Fulgoni to Present Overview of Q3 2012 E-Commerce Trends in Upcoming Webinar

RESTON, VA, November 7, 2012 – comScore, Inc., a leader in measuring the digital world, today released its Q3 2012 U.S. retail e-commerce sales estimates, showing that online retail spending reached $41.9 billion for the quarter, up 15 percent versus year ago. This represents the twelfth consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth. (more…)

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U.S. Manufacturers Bringing Work Home from Overseas

EAST LANSING, Mich. — Increasingly, U.S. firms are moving or considering moving their manufacturing operations back to domestic soil from overseas, finds a new study co-authored by a Michigan State University supply chain expert.

Fueling the trend are rising labor costs in emerging countries, high oil prices and increasing transportation costs, global risks such as political instability and other factors, said Tobias Schoenherr.

“Going overseas is not the panacea that it was thought of just a decade or so ago,” said Schoenherr, assistant professor in MSU’s top-ranked Department of Supply Chain Management. “Companies have realized the challenges and thus are moving back to the United States.” (more…)

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Late-Night Comedy Television Increases Political Discussion

ANN ARBOR, Mich.— The jokes by late-night comedy television hosts can be just as effective as regular political news in spurring discussion among viewers, a new University of Michigan study shows.

In addition, political candidates could help their campaigns with mentions by shows like “The Daily Show with Jon Stewart,” “Late Show with David Letterman” or “The Tonight Show with Jay Leno.” (more…)

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Wind Power’s Potential

UD-Stanford team calculates maximum global energy potential from wind

Wind turbines could power half the world’s future energy demands with minimal environmental impact, according to new research published by University of Delaware and Stanford University scientists in the Proceedings of the National Academy of Sciences.

The researchers arrived at the determination by calculating the maximum theoretical potential of wind power worldwide, taking into account the effects that numerous wind turbines would have on surface temperatures, water vapor, atmospheric circulations and other climatic considerations.

“Wind power is very safe from the climate point of view,” said Cristina Archer, associate professor of geography and physical ocean science and engineering at UD. (more…)

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Analysis of Election Factors Points to Romney Win, University of Colorado Study Says

A University of Colorado analysis of state-by-state factors leading to the Electoral College selection of every U.S. president since 1980 forecasts that the 2012 winner will be Mitt Romney.

The key is the economy, say political science professors Kenneth Bickers of CU-Boulder and Michael Berry of CU Denver. Their prediction model stresses economic data from the 50 states and the District of Columbia, including both state and national unemployment figures as well as changes in real per capita income, among other factors.

“Based on our forecasting model, it becomes clear that the president is in electoral trouble,” said Bickers, also director of the CU in DC Internship Program. (more…)

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