Union push to insure your income Nov 1, 2009
dole national income insurance scheme ... UNIONS are pressing the Federal Government for a national income insurance scheme because the dole is ''woefully inadequate. (Sydney Morning Herald -- Australia)
The horns of the bull Oct 31, 2009
Just as one variety of modern policymaking adheres to trusted rules and practices to ensure sustained growth and rises in national income, so another blend of modern taste these past one hundred years prefers to clean out the stables and undo the inconveniences from a colourful past ... Meanwhile, while the sober wing makes for increased national income, the revolutionary wing assists in preventing the well-off of becoming too comfortable. (iAfrica.com)
EU to help poor nations fight global warming Oct 31, 2009
They instead suggested that the burden sharing be divided according to national income, which would put the onus very much on the richer western European nations. The 27-nation bloc prides itself in leading the fight against climate change, and has already agreed to cut greenhouse gas emissions by 20 percent by 2020, but many fear its leadership role could be compromised if it did not come to the Copenhagen talks with a strong, unified approach. (India Times, India)
EU agrees climate deal on helping poor nations Oct 31, 2009
They instead suggested that the burden sharing be divided according to national income, which would put the onus very much on the richer western European nations ... They are concerned that if national contributions are decided by polluting levels rather than on gross national income levels they will be unfairly hit. (Yahoo! Asia News)
Increase a cert after No Rate Rise scratched Oct 29, 2009
5 per cent fewer hours worked, 200,000 more people unemployed, national income down almost $1000 a head - it is stubbornly high. The headline CPI figure is only 1. (Sydney Morning Herald -- Opinion)
Get set: the rate that stops inflation Oct 29, 2009
Mr Swan played down the resurgence yesterday, saying that while the economy had improved in recent months, business investment was still weak and unemployment would continue to rise as the economy absorbed a big cut in national income. While he ''does not speculate about what the Reserve Bank will do'' he pointed out that about half of the 1 per cent quarterly inflation rate was driven by ''unusually large increases in utility prices'' beyond the ability of the bank to influence. (Sydney Morning Herald -- Business)
`Jobs Created or Saved' Is White House Fantasy: Caroline Baum Oct 29, 2009
If your interest is national income accounting, spending other peoples money is great. Spending is a back-door way for government statisticians to measure what matters, which is the real output of goods and services. (Bloomberg -- Columnists)
Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Nigeria Oct 29, 2009
National income and prices (annual percentage change, unless otherwise specified). Real GDP (at 1990 factor cost). (IMF News)
Foreign aid in a recession: Wrapped up against the cold Oct 28, 2009
3 billion on overseas aid in 2008 all but 12% of it through DfID. That was twice as much, as a proportion of national income, as in 1998. This level of spending now reflects political consensus. (The Economist)
Q&A: Mozambique polls Oct 28, 2009
National income grew by an average 8% in the period 1992-2002. But the global recession has slowed the Mozambican growth rate, with expectations of it nearly halving to 4. (BBC News -- Africa)
Don't bank on your financial future Oct 27, 2009
1 percent of U.S. GDP, or total national income. So, option A (to actually pay for all of the benefits already promised) would involve increasing federal tax revenues by roughly 81 percent immediately and forever. (University News, MO)
Payouts pinch India Inc's big guns Oct 27, 2009
Promoters of seven out of Indias top 10 business houses that together represent revenues worth more than a tenth of Indias national income at around $138 billion saw their combined dividend income slip by 10% for the year to end-March, an ETIG study showed ... Promoters of 7 out of 10 biz cos that represent revenues worth more than a tenth of India's national income at around $138 bn saw their combined dividend income slip by 10% for the year to end-March. (India Times)
Vodafone Report-Dont hang yourself with it, Mr President Oct 24, 2009
The Committee was out of its depth in questioning the right of a President of the Republic of Ghana to lead an international negotiation with serious economic implication for the Nation in terms of jobs, structural development of National Communication Networks, inward flow of investment with positive impact on National Income and much needed increase in the nations capacity to finance some other economic projects. Indeed, Mr Haruna Iddrisu, the Communication Minister, showed a commendable... (Ghana Web, Ghana)
Briefing: America's debt Oct 23, 2009
5% of GDP would reduce national income by 1-2. Rising debts also force the government to divert tax revenue from public services to interest payments. (The Economist)
Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Costa Rica Oct 20, 2009
National Income and Prices. GDP at constant prices. (IMF News)
Working through Chinese currency conundrum Oct 19, 2009
"Many employers of migrant workers still do not make social welfare contributions for their employees,'' Huang wrote. ''Outside the property sector, land prices are artificially determined by the Government. These distortions generally push factor prices and, therefore, production costs below levels otherwise would be in market environment. Cost distortions in China are equivalent to production and investment subsidies. They artificially increase production profits and raise investment returns.... (Sydney Morning Herald -- Business)
New task for the Wilmington town clerk Oct 16, 2009
The action occurred after selectmen objected to language in the document that stated the United States has yet to live up to many of its trade guarantees, provides substantially less foreign aid as a percentage of Gross National Income than its Western European peers, and must act swiftly to perpetuate the international commitment to debt relief. Just on principal, I don t want to sign anything that has this written, said Newhouse. (Wilmington Advocate, MA)
Bootle Says Bank of England Should Expand Bond Plan `as Far as It Takes' Oct 15, 2009
4 percent of national income. As long as we put in place a credible plan to get the deficit and the debt down over a number of years, the last thing we need is a sort of panic assault on the issue which will run the risk of throwing us back in recession, Bootle said. (Bloomberg -- UK)
Is our personal tax system geared to attract and retain talent? Oct 14, 2009
The World Bank has categorised Malaysia as an upper middle income country based on gross national income per capita. As a progressive country, shouldnt we challenge ourselves to a more robust tax system. (The Star Online, Malaysia -- Business)
UN confirms Afghan poll fraud Oct 12, 2009
Page last updated at 14:33 GMT, Sunday, 11 October 2009 15:33 UK. UN highlights Afghan poll fraud. (BBC News -- South Asia)
Eurozone economy shrinks by 0.2% Oct 8, 2009
EU rules say the deficit should not exceed 3% of national income. If countries don't take corrective action they can be fined, although that has never happened before. (BBC News -- Business)
NICHOLAS D. KRISTOF: Dad's life or yours? You choose Oct 8, 2009
NICHOLAS D. KRISTOF: Dad's life or yours. You choose - Opinions in The Bee - fresnobee. (Fresno Bee -- Opinion)
Bernanke works onas jobless tally mounts Oct 8, 2009
Contrary to Keynesian assumption of demand deficiency, the US has had excessive aggregate demand in relation to its national income that has translated into widening external deficits. Hence, most of the stimulus money has been spent on imported goods such as oil and other goods, with a much smaller effect on local production than advertised. (Asia Times Online)
China stresses "capacity to pay" principle Oct 6, 2009
In 2008, China's per capita gross domestic product stood at 3,000 U.S. dollars, ranked around the 100th place in the world and still a far cry from the average per capita Gross National Income (GNI) of 7,119 U.S. dollars (the threshold), he said. "By the standard of the World Bank which considers those living on less than $1.25 a day as poor, China's poverty population will total 250 million, the second largest in the world," he said. (Xinhuanet, China)
Global death toll: 1 million premature babies every year Oct 5, 2009
" He says WHO currently is improving its database on preterm birth in order to support decision-making in this area. Another challenge, the authors of the white paper say, is that there is no internationally accepted classification of preterm birth or glossary of terms. "We need to at least adopt common definitions and agree on what is a preterm baby," says Joy E. Lawn, MRCP, of Saving Newborn Lives/Save the Children USA. Dr. Lawn says there also is an urgent need for more country and regional... (EurekAlert!)
The quiet tsunami that kills every day Oct 5, 2009
5 per cent of gross national income by 2015. The Australian Government has also committed funding to UNICEF to ensure its overseas aid programs reflects the aims of the Millennium Development Goals the world's blueprint to half chronic poverty by 2015. (Sydney Morning Herald -- Opinion)
Mythili Bhusnurmath: French link Oct 4, 2009
But except the Scandinavian countries that have tried, with some success, to include unpaid work by women in their national income statistics, the rest of the world takes the easier option of ignoring such work; partly on the grounds that it is tough to assign a value to such work. 1. (India Times)
High income nation Oct 3, 2009
Its origin is the World Banks income classification; as it stands now, together with 46 other economies, Malaysia belongs to the upper middle income class based on its gross national income (GNI) per capita of US$7,500 in 2008. Prime Minister Datuk Seri Najib Tun Razak wants Malaysia to make it to the top rung of this classification high income group by 2020. (The Star Online, Malaysia -- Business)
China top contributor to world growth Oct 3, 2009
Meanwhile, the country's gross national income (GNI) per capital has been catching up with the world average. The GNI per capita was 10. (Xinhuanet, China)
A “new normal” for the world economy: After the storm Oct 2, 2009
In China this means a stronger currency, bigger social safety-nets and an overhaul of subsidies to increase the share of national income going to workers. Germany and Japan need structural reforms to boost spending, especially in services. (The Economist)
It's time to foster long-term fiscal stability Sep 30, 2009
The public debt as a share of national income is projected to rise from 41 percent in 2008 to 68 percent in 2019 ... Beyond that, current policy will push up future deficits as a share of national income for as far as the eye can see ... One action each of us could take would be to urge Congress to adopt legislation now to stabilize the public debt as a share of national income by an established future date. (Albany Times Union)
From bear to bear Sep 30, 2009
The $2 trillion of federal credit over the past year may have stabilized national income, but it has not reflated home prices or rejuvenated household and mortgage credit growth. I don't expect another $2 trillion to have a much bigger impact, creating a backdrop where the lack of a self-reinforcing private-credit growth dynamic creates acute systemic vulnerability to any withdrawal of massive federal government spending. (Asia Times Online)
Britain's fiscal emergency: Deflating the state Sep 25, 2009
For one thing, there has been a permanent loss of real capacity, the Treasury estimates, of 5% of GDP. Moreover, inflation in the near term will be less than previously expected: a vital point, because taxes are levied on nominal national income. In his 2008 budget, Alistair Darling, the chancellor, expected nominal GDP to be 16% higher in 2010-11 than in 2007-08; in this year s budget he thought it would be only 3% bigger. (The Economist)
Shortage of contraceptives worries Dhaka Sep 24, 2009
3 million, while the per capita gross national income dropped to $1,230 from $2,090 last year, a UN report said. At the present growth rate, Bangladesh will be home to 254. (India Times, India)
Bankruptcy ahead Sep 22, 2009
Examining income data, national income stabilized during the quarter at $12 ... After declining $347 billion annualized during Q4 2008 and $225 billion annualized during Q1, national income slipped only $47 billion annualized during the quarter ... National income was down 4. (Asia Times Online)
Carbon intensity in focus as China's Hu heads to U.N. Sep 22, 2009
A pledge from the world's biggest emitter to cut the amount of greenhouse gasses produced for each dollar of national income -- while short of an absolute cap on output -- would counter critics of Beijing who says it is taking too little action. It could also pressure other major emitters to kickstart stalled talks on a new framework to tackle , and give the Chinese negotiating team a strong bottom line going into the key negotiations in Copenhagen this December. (Scientific American)
Gambia: Sovereign National Wealth And Oil Discovery in Sierra Leone Lesson for the Country Sep 21, 2009
We only hear taxes as a source of National income. Sierra Leone has huge diamond deposits. (allAfrica.com)
Q&A: Spending cuts Sep 18, 2009
That adds up to 44% of the national income ... 1% of national income, which adds up to 29bn or 930 per family per year in today's terms. (BBC News -- UK)
Brown 'to squeeze budget by 2.9%' Sep 18, 2009
1 percent of national income or 930 per family per year. "The risks of having such a huge deficit are a drag anchor on the recovery," Cameron said at a press conference yesterday. (Business Report, South Africa)
Cuts may match Labour's spending Sep 17, 2009
In 1999 public spending stood at 36% of the national income, and it is now nearly 44 ... "If the government wished to avoid real cuts in departmental expenditure limits (DELs), then it would need to implement tax increases or welfare cuts equivalent to 2.1% of national income - 29bn or 930 per family per year in today's terms," it said ... "If an incoming government wished to complete the entire tightening in four years rather than eight, and was happy to see DELs fall by 2.9% a year as the... (BBC News -- UK)
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)
Aussies want govt to boost aid for poor Sep 16, 2009
5 per cent of national income by 2015. The goal is an increase on the level of aid donated by Australia during the Howard government era - but below the global target of 0. (Sydney Morning Herald -- Australia)
Recovery will be modest, Swan warns Sep 15, 2009
Weakened global growth meant low prices for Australian commodities and that meant ''a big hit to national income. He also said global interest rates would be higher on average than they were before the crisis. (Sydney Morning Herald -- Australia)
Emerging economies strive for development amid challenges Sep 15, 2009
To increase domestic consumption, China has continued to adjust the national income distribution makeup, and is trying to expand the domestic market, the rural market in particular. It is noteworthy that over-reliance on exports represents a common problem for developing nations. (Xinhuanet, China)
Oxendine says he'll try to strip all income tax Sep 15, 2009
Listen as John Oxendine, a leading GOP candidate for Georgia governor, argues to get rid of the national income tax. State Insurance Commissioner John Oxendine said Monday he will seek to outlaw state and federal income taxes if he is elected governor next year. (Athens Banner-Herald)
Redefining Malaysia's growth model Sep 14, 2009
Rubber alone accounted for over 25% of national income, nearly 30% of employment and about 60% of exports ... During the commodity-driven phase between 1957 and 1970, per capita gross national income in nominal terms increased at a low annual rate of 2 ... During the period between 1970 and 1987, per capita gross national income in nominal terms grew rapidly at 8. (The Star Online, Malaysia -- Business)
More than 60 Countries Form New Global Alliance to Increase Access to Financial Services Sep 14, 2009
Research has shown that better access to financial services can fuel economic growth by raising national income via increased savings and investments in poor households as well as in small and medium enterprises. This access also enhances financial stability by injecting formal savings into the system, diversifying the capital base, and providing stability during global downturns. (PR Newswire)
Germany: The lives of others Sep 14, 2009
So even as exports boomed and jobs were created, sluggish wages meant the gains from national income growth went mostly to profits. Consumer spending suffered, falling to a low of 56% of GDP well below America s 70. (The Economist)
Rudd's MC Hammer economy Sep 12, 2009
Some economists still point to rising unemployment and shrinking national income to suggest Australia has indeed suffered a recession. But if this is a recession, why do most of us still feel like dancing. (Sydney Morning Herald -- Opinion)
Census: N.C. income down, but so is poverty Sep 11, 2009
The national income decline was matched by a corresponding increase in the poverty rate, which rose to 13. 2 percent in 2008 from 12. (Triangle Business Journal)
* Taiwan up 15 spots in business ranking Sep 10, 2009
The cost and minimum capital required as a percentage of gross national income per capita, meanwhile, was lowered from 4. 1 percent to 3. (Taipei Times, Taiwan -- World Business)
Obama under observation: a critical moment Sep 10, 2009
Yet this would achieve outcomes only on a par with many European nations that spend 10 per cent of their national income. That affects US competitiveness and threatens to turn the gaping hole in the budget into an insurmountable ravine. (Sydney Morning Herald -- World)
Palestinian-Israelitrade looks up Sep 10, 2009
" Under the Paris Protocol of 1994, a part of the Oslo agreement, Israel controls a customs union comprising Gaza and the West Bank. It collects a duty on imports into the West Bank and Gaza, and additionally collects a value added tax (VAT) on goods and services from Israel destined for the Palestinian territories. The Israelis have often withheld these taxes as a political tool, as when Hamas won the 2006 legislative elections. "The Protocol perpetuates Palestinian economic dependence on the... (Asia Times Online)
Obama in showdown over Chinese tires Sep 10, 2009
A study by a Rutgers University economist suggests that higher tire prices due to tariffs could cost US consumers $600 million to $700 million a year, and lower national income by $250 million to $300 million a year. Even if they worked, tariffs would cost $300,000 per manufacturing job protected, and destroy 12 times as many jobs as they saved. (Asia Times Online)
Recession moves migration patterns Sep 9, 2009
The impact of Moldova's 37% fall is especially severe, because remittances are equivalent to a third of the country's national income. Although the general trend is downwards, a few countries including Pakistan and Bangladesh, have enjoyed an increase in the amount of money sent home by its citizens working abroad. (BBC News -- Africa)
So many maternal deaths, just across the water Sep 9, 2009
5 per cent of gross national income by 2015, that target is still short of the United Nations goal of 0. 7 per cent.. (Sydney Morning Herald -- Opinion)
Risks remain for Australia, despite growth Sep 6, 2009
" onclick="Next();" src="/images/butt_next. You've seen export income cut in the last three months alone by about A 11 billion. (Channelnewsasia.com)
IMF chief backs Rudd approach Sep 6, 2009
"We are still looking at unemployment rising domestically in Australia. We see weak domestic business investment, we've had a huge shock to our national income," Treasurer Wayne Swan told reporters in London on Thursday, where he is attending a G20 finance ministers meeting. Mr Strauss-Kahn acknowledged that the global economy appeared to be emerging from its worst crisis since World War II but emphasised that the recovery would be sluggish and that a jobless recovery remained a risk. (Sydney Morning Herald -- Business)
We wont become developed by 2020 unless Sep 5, 2009
We wont become developed by 2020 unless (The Star Online, Malaysia)
Indian economydrier than forecast Sep 4, 2009
From the expenditure side, the national income identity equation looks like this: Y = C + I + G + (X-M), where Y = GDP, C = consumption expenditure, I = Investment expenditure, G = government expenditure, X = exports and M = imports. Hence, (X-M) means net exports, or the trade balance. (Asia Times Online)
* S Korean economy grows faster than reported Sep 4, 2009
The economy has achieved one of the highest growth rates among OECD countries as support from the government and the central bank bore fruit, Jung Yung-taek, head of the Bank of Koreas national income statistics team, said in Seoul yesterday. The bank has no immediate plan to revise its yearly gross domestic product estimate, he said. (Taipei Times, Taiwan -- Business)
Minority calls on Finance Minister to be consistent Sep 3, 2009
He said "In 2000, when the NDC government was leaving office, the total debt to GDP ratio stood at 186 percent, meaning that we needed almost two times our national income to pay off all our debts, but in 2008 when the NPP government was about to leave office, the total debt to GDP ratio stood at only 46 percent meaning we needed less than one-half of our income to pay off all our debts". Mr. Kyei-Mensah-Bonsu said in 2000, real terms economic growth was 3. (Ghana Web, Ghana)
Government borrowing: More where that came from Sep 3, 2009
The ratio of government debt to national income is set to top 75% by 2013, up from around 50% last year. Undaunted, Mr Stheeman says he is fortunate to have such an engrossing job. (The Economist)
South Korean Economy Expands 2.6%, Faster Than Initial Government Estimate Sep 3, 2009
The economy has achieved one of the highest growth rates among OECD countries as support from the government and the central bank bore fruit, Jung Yung Taek, head of the Bank of Koreas national income statistics team, said in Seoul today. The bank has no immediate plan to revise its yearly gross domestic product estimate, he added. (Bloomberg -- Asia)
What can America learn from Switzerland and France about healthcare reform? Sep 2, 2009
On the (fully) socialized side, US Medicare and Medicaid consume 8 percent of our national income about the same share as socialist European systems. Except that theirs cover everyone, not just the elderly. (Christian Science Monitor)
