Word: grosse
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...industry accounts for almost 16% of the Texas gross domestic product, double what it was five years ago, and that means any slowing in that sector will have a ripple effect on the state's overall economy. "There are signs of a slowdown," says Amarillo energy economist Karr Ingham. "The jury is still out on whether it will become a bust...
...There are still archaic ideas of homosexuality as a form of gross indecency," said Vidler, who said he has seen cases of discrimination against homosexuals in the work force and housing market. "Hong Kong says it's a world city, but [it] has protocols in place that show it is still a backward country in regard to homosexuals' rights." Hong Kong lacks any non-discriminatory ordinance, and many locals still regard homosexuality with unease. Eric Herrera, a member of a white-collar gay-rights group called Fruits in Suits, which helped organize the parade, said, "I have no problem walking...
...Bangkok. Protesters occupied the offices of beleaguered Prime Minister Somchai Wongsawat, and then, on Nov. 25, stormed the capital's airport. Tourists and investors are fleeing the country, the stock market is tanking. The famous Thai smile is fading fast. A Bangkok pollster calculated that the nation's "Gross Domestic Happiness Index" measured a mere 4.84 out of 10, the lowest for almost three years. Cheer up, Peter Reid? He's probably the only happy man left in Thailand...
There's a yawning gap, though, between the recessions of the 1970s and 1980s - when gross domestic product fell 2% to 3% and the unemployment rate rose 4 percentage points - and the conditions of the early 1930s. During the Great Depression, the economy shrank more than 26% over four years. The unemployment rate rose from about 2% to 25%. There are a lot of good reasons - the activism of the Federal Reserve, payments from Social Security and unemployment insurance that act as economic stabilizers, and the incoming Administration's plans for big-time fiscal stimulus - to think that...
...There is no doubt that the plans are expensive: some estimates predict that the 20-20-20 goal could cost the E.U. up to $80 billion a year, or 0.5% of its gross domestic product, although officials and green activists insist that the price is worth paying for energy security and a cleaner world. (See TIME's special report on the environment...