VALCO key in economic transformation - Minister Nov 5, 2009
"VALCO's operations would inject revenue of about 300 million dollars, (not counting the multiplier effect) into Ghana's economy through the Volta River Authority power purchases, income tax/value added tax, VALCO fund, property rate, port charges, local purchases, indirect labour, local contractors, etc.," the Minister said. She said these when she appeared before Parliament to respond to a question on why VALCO was closed down and whether the Ministry had plans to re-open it. (Ghana Web, Ghana)
After flurry of stimulus spending, questionable projects pile up... Nov 4, 2009
00001F05 00001ECE Politics. After a flurry of stimulus spending, questionable projects pile up. (The Drudge Report)
Boeing's S.C. 787 decision: What will its suppliers do? Oct 31, 2009
A multiplier effect on that level seems unlikely, given the fact that Boeing already works with suppliers throughout the country. In fact, the aerospace giant already has about 80 suppliers in South Carolina. (Puget Sound Business Journal, WA)
Analysis: SABMiller gives new meaning to home-brewing in Africa Oct 30, 2009
The 100-to-1 multiplier effect in Uganda compares with the 12-to-1 effect in South Africa. Mackay describes the group's involvement with the farming community and the commitment to what it terms "enterprise development" as "enlightened self-interest". (Business Report, South Africa)
Opinion: Chopra on charity's risk Oct 29, 2009
Take advantage of the multiplier effect. The reason micro-financing has taken off like wildfire is that small loans to individuals to help them buy their own land or start their own businesses turn out to pay off handsomely. (CNN)
Metal manufacturing plant being built in Cowarts Oct 27, 2009
"Not only do you get the direct jobs, you always have that multiplier effect of three to four jobs for every job created in manufacturing so you get that turn in the economy and that creates a lot of economic activity," adds Parker. And with county officials on board work could begin in late November with a grand opening next spring. (WSJA.com, AL)
CTAM Summit 2009 Schedule Oct 25, 2009
These experiences create a multiplier effect for your messaging and become a cycle that delivers short and long term benefits. See how cable's top marketers are turning multi-platform chaos into brand loyal eyeballs. (Multichannel News)
MINDEF, NTU join hands to boost Singapore's defense R&D capabilities Oct 23, 2009
Dr Su adds: "Some of the Nanyang-DSO post-doctoral fellows may eventually join our faculty ranks, contributing to the multi-disciplinary research landscape at NTU and further strengthening research collaboration between the two organisations. The outcome of their work will boost the capacity of Singapore to harness science and technology for a multiplier effect in defence capabilities.". The Temasek Research Fellowship and Nanyang-DSO Post-Doctoral Fellowship aim to attract outstanding young... (EurekAlert! -- Business News)
Verizon CEO: We've Never Provided 'Dumb Pipes' Oct 23, 2009
"The reason why we have a big impact is our technology is inherently productive and it has a multiplier effect throughout the economy," Seidenberg said. TV goes "truly interactive," courtesy of Verizon. (SmallBusinessComputing)
A strategy to revive N.J. economy Oct 23, 2009
By promoting them, we can create additional jobs (the "multiplier effect") in other sectors of the economy and improve New Jersey's competitive advantage in the global marketplace. Here is what the state can do to achieve that goal. (NJ.com -- Times)
Broad-based, people-friendly budget seen Oct 21, 2009
The multiplier effect created would expand the economy. . (The Star Online, Malaysia -- Business)
Budget incentives for property sector Oct 21, 2009
The positive multiplier effect from an improved performance in the construction and property sector is tremendous, with the stakeholder chain including the manufacture and supply of building materials; the service industry of contractors, architects, engineers, etc; the developers and even the financial institutions. This industry is not just about residential and commercial development but also the tourism and industrial economy. (The Star Online, Malaysia -- Business)
Read 'Cost of Freedom' recap Oct 20, 2009
If you want a multiplier effect, Neil - make it loans to small businesses. That would actually make a difference and the banks and private sector aren't showing up there. (Fox News)
SMU economist: Jobs outlook not so rosy Oct 20, 2009
Fomby told the Dallas Business Journal that Bernanke s theory is one in which the economy benefits from a type of multiplier effect, where if you spend a dollar in the economy, it sends more dollars throughout the economy. China is doing well, Fomby said. (Dallas Business Journal, TX)
Nigeria: Duty Evasion - Customs Introduces New Cargo Clearance Policy Oct 20, 2009
The clearing regime it was further learnt, also emphasizes an up-front payment of import duty, so as to ensure that importers could evacuate their cargo on arrival, with a multiplier effect on total prevention of port congestion. The new regime which has the advantage of drastically reducing the controversial auctioning of imported goods by customs, essentially allows pre-clearance ahead of the arrival of the goods, based on the importers declaration, thereby enabling the Service to raise Demand... (allAfrica.com)
Nigeria: Revealed - Why Govt Moved Deregulation Take-Off Date Oct 19, 2009
They impressed it on the minister that the timing was wrong as most Nigerians would be negatively affected by the expected multiplier effect of the policy. They argued that the religious festivals would also be affected by the likely product scarcity because NNPC did not have the capacity to meet demand as it currently stands. (allAfrica.com)
Social Security office coming to town Oct 18, 2009
Cracking that nut with that first federal building could have a multiplier effect. The building would be in District 6, which is represented by Kathy Colley. (Rio Rancho Observer, NM)
Starent buy continues Cisco's direction toward collaboration and video Oct 14, 2009
Buying Starent, which has sold into service provider markets, could bring Cisco a "multiplier effect" of Starent's sales, since Cisco has become adept at selling products it obtained from previous acquisitions to its huge customer base. Cisco needs to move beyond its traditional networking business, Christy said. (San Francisco Chronicle -- Technology)
Perils of premature stimulus withdrawal Oct 9, 2009
But this relies on making an assumption about the mysterious multiplier effect of spending - how much will people actually take to the shops ... Economists are divided on the multiplier effect of government spending. (Sydney Morning Herald -- Opinion)
Proposed cattle finishing, ethanol facility gains momentum (2) Oct 4, 2009
The economic benefits for this project would be significant because you are talking about a large amount of jobs and a lot of economic activity and a multiplier effect, he said. He noted that 200 skilled jobs would be created and said there would be a number of indirect jobs as a consequence of the project. (Oswego Palladium-Times, NY)
Stop The Spending And Cut The Taxes Oct 3, 2009
The idea that there's a multiplier effect that is, a net GDP gain from the government taking your money and spending it for you is, quite plainly, absurd. Indeed, respected Harvard economist Robert Barro, in a National Bureau of Economic Research study last month, found no solid evidence for a positive multiplier effect. (Investors Business Daily)
Mobius: Global Rally Still Has Legs Oct 2, 2009
"Derivatives are not dead, Mobius told The UK Telegraph. There's $600 trillion dollars worth of derivatives out there" and since derivatives can leverage money, they have a multiplier effect. . (Newsmax)
* Nearly 98% of consumer vouchers used Oct 2, 2009
Liao said about 70 percent of the vouchers were used for purchases that would have been made anyway, dampening the intended multiplier effect. This story has been viewed 331 times. (Taipei Times, Taiwan -- Business)
* Plan targets government outlays Sep 24, 2009
The estimate has yet to factor in potential economic growth and the multiplier effect. . (Taipei Times, Taiwan -- Business)
Zimbabwe: Biti Scores Own Goal Sep 24, 2009
The multiplier effect resulting from investing the IMF funds in the real sector far outweigh the pat on the back Biti might get from IMF officials for settling the arrears. There is no political advantage Biti's Movement for Democratic Change can gain from such inept reasoning. (allAfrica.com)
PM praises China and India on energy action Sep 23, 2009
However, Mr Ramesh acknowledged that Indias large population meant increases in Indias energy, even if it was from a low base had a big multiplier effect and that India planned to take some major mitigation measures voluntarily. These include a mandatory fuel efficiency target which would come into effect in 2011; an energy efficient building code which would come into effect in 2012; and an increase in electricity produced from renewable sources to 20 per cent by 2020. (Sydney Morning Herald -- World)
Treasury figures land Rees in hot water over jobs claim Sep 22, 2009
But in at least two drafts, officials made it clear it would be only 400 construction jobs, with the rest an estimate based on a ''multiplier effect. The Opposition Leader, Barry O'Farrell, said: ''It again shows Nathan Rees can't be trusted. (Sydney Morning Herald -- Australia)
GE job losses hurt Sep 22, 2009
Jobs that bring money in from outside the local economy are said to have a multiplier effect, based on the amount of new money they introduce into the local economy ... "When those dollars are spent locally with people who again spend it locally, the multiplier effect or the impact of the job grows.". (Erie Times-News, PA)
Najib: Stimulus packages having positive impact on economy (Update) Sep 21, 2009
Amid the global turmoil, the government identified projects designed for high impact and high multiplier effect to reinforce the economy and strengthen national resilience. Procedures were also streamlined to ensure speedy implementation. (The Star Online, Malaysia -- News)
Housing Suffering Relapse Confronts Bernanke With Credit Still a Conundrum Sep 21, 2009
Housing has been the sector of the economy with the largest multiplier effect, said Berson, former chief economist at Fannie Mae. Whether buying new homes or existing homes, people tend to fill them up with things: new furniture, new appliances, new window coverings. (Bloomberg -- US)
FAU Receives NSF Grant to Create Industry/University Cooperative Research Center for Advanced Knowledge Enablement Sep 19, 2009
"The structure and format of the membership program creates a multiplier effect," said Furht. "For example, a member paying a fee of $24,000 will be able to benefit from at least $300,000 worth of research.". (PR Newswire)
Blinn to hold public forum on possible maintenance tax Sep 18, 2009
Most economists agree that there is a multiplier effect of any business. Most of the money that Blinn College in Sealy spent went to local vendors and the salaries of locally employed teachers, so it can be extrapolated that Blinn College Sealy campus had an economic impact of approximately 1. (Sealy News, TX)
Economist: ‘We got it wrong’ Sep 17, 2009
Economist: We got it wrong - Somerset - Daily American. In the past year, the financial system was very close to total collapse, the Lafayette College economics professor said. (Somerset Daily American, PA)
* Credit Suisse bullish on Asian technology sector Sep 17, 2009
A corporate PC cycle is usually accompanied by a lift in networking and software spending and will have a multiplier effect on overall tech demand, Nigam said. Large-cap, broad-based Taiwanese tech names will benefit most from the trend. (Taipei Times, Taiwan -- World Business)
Hindery: Panic anniversary no reason for joy Sep 15, 2009
And manufacturing has by far the largest multiplier effect of all job sectors, creating $1. 40 of additional economic activity for each $1 of direct spending and 2. (CNN -- US)
Area News Briefs Sep 14, 2009
The grants will be judged on a multiplier effect of the expenditure of the funds for the request, as well as the ability of the request to fill beds in properties in the city. Information about and grant applications are available from the administrative assistant of the City of Menomonie at City Hall (800 Wilson Ave., Menomonie, WI 54751; (715) 232-2187. (Menomonie Dunn County News, WI)
Farm lobby boss laments rural exodus Sep 11, 2009
It also had a multiplier effect of about four jobs created down the supply chain for every farm job. This year marks the 10th anniversary of AgForce, which was formed out of the United Graziers Association, the Cattlemen's Union and the Queensland Grain Growers Association in 1999. (Sydney Morning Herald -- Australia)
Hi-tech crimes Sep 10, 2009
"Police Officers are all over the city responding to all types of calls; these cameras give them 110 extra eyes, that's the way I look at it. "And you know, we're just gonna keep adding more cameras as we go", he said. With the high number of cameras, most are kept on automated tours, surveyed by the centre's two or three monitors. "Believe it or not, we pick up a lot of random incidents on these random tours". If a monitor suspects a criminal event, an officer is dispatched. "Surveillance... (BBC News -- Technology)
Money-supply data: Narrow success, broad concerns Sep 9, 2009
Ideally, there would be a multiplier effect as growth in narrow money led to increased lending. But broader measures of money are more sluggish. (The Economist)
Danielsville-based group protects watershed health Sep 9, 2009
Sedimentation can really affect the aquatic life in the river, which has a multiplier effect downstream that can actually harm the fisheries industry. " BRWA members also have outreach projects at local schools, including a water table model ("It's like an ant farm," Johnson said) that displays how pollution travels through the ground. "It's a real eye-opener," Johnson said. The association is always looking for new members, and the board of directors meets each month at the BRWA office, located... (Athens Banner-Herald)
Armed forces may be the agents of climate change Sep 5, 2009
Two years ago, a report by 11 former generals and admirals warned of the multiplier effect on national security. In effect, as conditions worsened in countries because of climate change, terrorism would flourish. (Sydney Morning Herald -- Opinion)
In My Corner Sep 5, 2009
That brings on line the multiplier effect because according to the USDA, it takes an average of 7 pounds of grain to produce one pound of beef. Good news: better crop yields due to technology. (Alva Review Courier, OK)
Microfinance Still Hums, Despite Global Financial Crisis Aug 30, 2009
And the focus on women is really key not only for economic empowerment and empowerment reasons, but also because of the multiplier effect on economies and communities, since women reinvest their profits back into their communities at greater rates than men. One of the products we're developing that I'm most excited about is a pilot program for savings targeting young women and adolescent girls that we're working on with the Nike Foundation. (Time.com)
Download - Correspondents Report Aug 30, 2009
You know, you can run an interview for one hour on a small cassette, but then you've got to listen to one hour of material and you've got to handle it, edit it, and that multiplier effect really crams up the day. There's a tendency to overshoot everything in the hope that you might get something, rather than pre-defining precisely the story you're looking for and going for that story and no other. (ABC News Online, Australia -- Sport)
The truth about ‘Cash for Clunkers’ Aug 26, 2009
Before you can credit Cash for Clunkers with the multiplier effect of those new-car sales, you have to charge it with a negative multiplier effect at least as great: all the jobs and growth and stimulus that won t materialize because the government decided to spend $3 billion instead. Don t you see that everything government does, it does at someone s expense. (Boston Globe)
Was Cash for Clunkers a Success? Aug 26, 2009
When we add in the fiscal multiplier effect, the net impact of the program was easily north of $25 billion if not much higher. However, the impact also has a short life expectancy. (Time.com)
Govt to roll out Rs 225k cr plan to house slum dwellers Aug 12, 2009
The government believes that while better housing facilities will address those social challenges, it will also have a multiplier effect and serve as an economic stimulus. Most importantly, it will perpetuate the UPA governments inclusive agenda, buttressing its vote bank. (India Times)
US Immigration Policy Likely to Boost Population Aug 12, 2009
Answering this question will determine what should be the rate of immigration since immigration has a significant multiplier effect on population growth. The US is currently the most populous developed nation in the world and at current rates, it could overtake the European Union by the end of the century. (YaleGlobal Online Magazine, CT)
Letters to the editor (8/11/09) Aug 11, 2009
I have watched the multiplier effect these prices have had on the Alaska economy. We don't go out to eat as often because the restaurants increased their menu prices; we don't go to Seward for dinner anymore -- too high a price for the meal plus gas; we spend less on everything from food to clothing to movies. (Anchorage Daily News)
CU gets $711M for sponsored research Aug 7, 2009
The funding they bring in, mostly from the federal government, also has a significant positive multiplier effect on Colorado s economy. UC Denver and the University of Colorado Anschutz Medical Campus in Aurora jointly received $363. (Denver Business Journal, CO)
Beyond Outrage, Wall Street Payouts Fuel Connecticut's Economy, Tax Debate Aug 3, 2009
As Gioia and Perna point out, the so-called multiplier effect of the bonuses will help the state's economy as a whole, not just the few who got the money, since it will diffuse throughout the entire economy as it is spent. But economic benefit is one thing and fairness is another. (FOX61, CT)
* EDITORIAL: ECFA contingency plan imperative Aug 2, 2009
The ministry claimed the increase might be even bigger if a multiplier effect is taken into consideration. While the general pubic still has only a vague idea of the contents of the ECFA, the surprise in peoples responses to the CIER study lay not so much in their reaction to expected GDP growth or the projected increases of between 257,000 and 263,000 jobs per year, but in their reaction to the possible negative impacts on domestic manufacturers of products like towels, shoes, bedding and... (Taipei Times, Taiwan -- World)
County passes tax on mortgages Jul 31, 2009
Wallace stressed that this legislation could have a multiplier effect, deterring first-home buyers, while impacting middle-home buyers who hoped to sell their first-homes and buy higher-value homes. Any extra burden placed upon a first-time home buyer is going to affect not only homebuyers but sellers of real estate, Wallace said, using as an example, a senior citizen hoping to sell their home and move into senior housing. (Catskill Daily Mail, NY)
India: Asia's reluctant Tiger Jul 31, 2009
You're going to have to emulate China and its manufacturing sector, because that's where the jobs are and that's where the multiplier effect is the highest,'" says Mr Mahindra. "So it was a nice, sobering thought to come from the Messiah of IT himself. "If you want to make a million Barbie dolls, this is not the place to come. Then you go to China. This is not a widget-making manufacturing economy, and that is largely and possibly only due to our poor infrastructure. "We simply don't have the... (BBC News -- South Asia)
* ECFA to boost GDP, create jobs: CIER Jul 30, 2009
The ministry also conducted separate ECFA calculations that included the multiplier effect, which in essence produced higher results. Based on the ministry's calculations, annual GDP could rise by 1. (Taipei Times, Taiwan)
Real Estate Outlook: Affordability Dramatically Improved Jul 28, 2009
The idea here is to stoke up housing sales and construction -- and dozens of other industries through housing's well-documented multiplier effect -- the stimulus it gives through ripple effects into building materials, appliances, furniture among others. This has worked before. (RealtyTimes)
Local airport expecting busy week with air show Jul 25, 2009
From the economic theory of the multiplier effect of six a dollar goes around the city about six times that's 180,000 of revenue floating around the city of Watertown that wouldn't be here without that one week, he added. So, that's a nice little economic shot in the arm. (Watertown Daily Times, WI)
Economy on the mend Jul 25, 2009
Such spending is also expected to have a multiplier effect on domestic consumption and the manufacturing sector. Meanwhile, the lagged effect of lowered interest rates is also expected to support the countrys economic recovery. (The Star Online, Malaysia -- Business)
Credit crunch, part two Jul 23, 2009
When the Fed increases its balance sheet, an uptick in economic activity may result as more credit is made available to the economy; think of the Fed's balance sheet as "super money" as there is a high multiplier effect between the money the Fed makes available to the banking system and the economic activity that may be created. However, this only works if first banks indeed make the cheap money available, but then individuals and businesses take the "bait", that is, take out more loans. (Asia Times Online)
Bailouts could top $23 trillion yes, trillion. Jul 22, 2009
And that kind of spending comes back to government through the multiplier effect, as each dollar of targeted spending generates multiples of spending as it moves through the economy. Not so with pallets of greenbacks delivered to Afghan warlords, for instance. (Atlanta Journal-Constitution -- Opinion)
Obamas Policies Are Failing Jul 21, 2009
Funneling money through the federal government has no multiplier effect and does not give businesses incentives to expand and hire more people. Nor does sweet talking dictators give them any incentive to change their behavior. (Newsmax)
Premier overruled budget advice Jul 20, 2009
But in at least two drafts, officials made it clear it would be only 400 construction jobs, with the rest an estimate based on a "multiplier effect". In one draft, a senior official queries a statement which remained in the final speech that there would be "300 jobs being generated right now building the new Orange hospital", writing "can't verify them". (Sydney Morning Herald -- Australia)
Union local supports petition drive Jul 17, 2009
Clark asserted that the reduced paychecks will have an economic multiplier effect of five. The reduced spending power of the employees will amount to 84 million over a two-year period and the state economy will lose 420 million, he said. (Grants Cibola County Beacon, NM)
Obama Stimulus Fails to Reboot Economy as Multiplier Effect Shows No Life Jul 17, 2009
Obama Stimulus Fails to Reboot Economy as No Multiplier Effect - Bloomberg ... Obama Stimulus Fails to Reboot Economy as No Multiplier Effect ... The combination of rising and thrifty consumers definitely lowers the multiplier effect of every stimulus dollar spent, said , a co-director of the in Washington. (Bloomberg)
Keynes is not enough Jul 16, 2009
" Indeed, he was, as Skidelsky notes, "famously skeptical about econometrics," with numbers for him being "simply clues, triggers for the imagination", rather than the expressions of certainties or probabilities of past and future events. With their model of rational homo economicus in tatters and econometrics in disrepute, contemporary economists would do well to pay heed to Keynes' advice that if only "economists could manage to get themselves thought of as humble, competent people on a level... (Asia Times Online)
