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...compiling a reliable measure of all the economic activity in a country as big as this one is hard. Which is something to consider whenever you hear somebody arguing that GDP ought to be shelved in favor of some more holistic measure of economic well-being. Somebody like, say, French President Nicolas Sarkozy, who early this year appointed a high-powered task force--boasting not just one but two economics Nobelists, Amartya Sen and Joseph Stiglitz--to devise a GDP replacement. Similar "ditch-GDP" noises can be heard frequently from enlightened sorts who care a lot about the environment, health...

Author: /time Magazine | Title: Don't Ditch the GDP | 4/10/2008 | See Source »

...nations (the U.S. currently comes in 12th, while on per capita GDP alone, it ranks second). Stiglitz, a Columbia professor and former World Bank chief economist, advocates a "green net national product" that takes into account the depletion of natural resources. Also sure to come up in the French discussion is the currently fashionable idea of trying to include happiness in the equation...

Author: /time Magazine | Title: Don't Ditch the GDP | 4/10/2008 | See Source »

...riots in Tibet has galvanized its critics around the world, who intend to use the run-up to the Olympics as a showcase of their own. The Olympic-torch relay has been hounded at practically every step--in London, Paris and San Francisco--by pro-Tibet activists. In the French capital, security officials were obliged to turn off the flame on several occasions to protect it from protesters. Even before it arrived in the U.S. on April 8, activists unfurled FREE TIBET banners from the cables of the Golden Gate Bridge. On April 9, San Francisco police were forced...

Author: /time Magazine | Title: China's Olympic Shame | 4/10/2008 | See Source »

...storm that threatens to blow in just when everyone's watching--and deciding whether to participate in--China's Olympics. The Prime Minister of Poland has already indicated he will boycott the opening ceremony because of events in Tibet; French President Nicolas Sarkozy has said he wouldn't rule out a similar move...

Author: /time Magazine | Title: China's Olympic Shame | 4/10/2008 | See Source »

SEPTEMBER 1999 After a two-year investigation by French authorities, a 6,000-page report is published that holds driver Henri Paul responsible. Dodi's father, Egyptian businessman Mohamed al Fayed, claims the couple were murdered in a conspiracy involving the British royal family...

Author: /time Magazine | Title: Briefing | 4/10/2008 | See Source »

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