Word: accounting
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...Sept. 14, a panel chaired by Nobel Prize-winning economists Joseph Stiglitz and Amartya Sen released a report on behalf of the French government calling for governments to form new measurements of economic vitality that account for factors other than growth. Announcing the panel's findings, French President Nicolas Sarkozy said the current economic crisis provided an opportunity to revise old wisdoms. "A great revolution is waiting for us," he said. "France will fight for all international organizations to modify their statistical methods. The crisis doesn't only make us free to imagine other models. It obliges...
...Economic Performance and Social Progress, makes some concrete suggestions, like looking at household income and wealth rather than national production to avoid the false boost that debt-fueled consumer spending gives to GDP. Nonmarket activities such as raising children, caring for the elderly and housecleaning should be taken into account, the panel says, as should environmental sustainability. But most important, it suggests looking at "soft" economic indicators that are linked to well-being, such as access to education, population health and leisure time...
...decoding his specimens on the fly with an inexhaustible sense of wonderment (No, it can't be! Oh, but it can, Professor Langdon). His inner struggle is between his own native academic skepticism and the ever mounting evidence that the world contains something miraculous that said skepticism can't account for. "You, like many educated people, live trapped between worlds," a wise priest (he's also a Mason!) tells him. "One foot in the spiritual, one foot in the physical. Your heart yearns to believe ... but your intellect refuses to permit it." Langdon should get together with Agent Mulder from...
...description of the endowment can be a confusing one, because many people see it as something that it is not—a savings account, a rainy-day fund, a fully usable financial umbrella for the kind of economic deluge in which we now find ourselves. But it is not that at all: The money in the endowment is investment capital. It is money that creates a revenue stream just as tuition and research funding are revenue streams...
That's why some states are opting not to open the cells of current inmates. Instead, they're making it harder for those who are already out on parole to return to prison. Parolees who commit minor infractions - missing a meeting with a parole officer, for instance - account for an astonishing proportion of incarceration costs. "Every year," Stanford's Petersilia told the Los Angeles Times recently, "[the state of California] sends some 70,000 parolees back to prison, about 30,000 from L.A. County alone. Most serve two to three months. Everybody knows this revolving door does not protect...