Word: grossing
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...were better off than people in other rich nations. No more. When you compare the U.S. with Canada, Western Europe and Japan, the news is sobering. Our child-poverty and infant-mortality rates are the highest, our life expectancy is the lowest, our budget deficit as a share of gross domestic product (GDP) is the highest, and our 15-year-olds rank among the lowest on tests of math and science...
...trade has increased by 60 percent under President Bush, following a more than quadrupling of the number of free trade agreements in place since Bush took office. The president has done an admirable job under trying worldwide economic circumstances, and as a result America’s 2008 Gross Domestic Product growth was higher than that of the United Kingdom, Germany, France, Italy, Spain, or Japan, as well as the average for advanced economies, according to International Monetary Fund projections. President Bush has also made an unprecedented effort to reach beyond our borders and save lives overseas. His efforts...
...There is a careless and undisguised way of talking about gross vice," Charles Astor Bristed wrote of the attitude among his classmates in his diary, first published in 1852. "It is talked of as a thing which is on the whole natural, excusable and, perhaps, to most men necessary...
Drops in wealth do seem to reduce happiness, but even that is short-lived. The American Enterprise Institute's Arthur Brooks, who wrote Gross National Happiness, says our moods tend to adjust to new economic realities quickly. "We do find in poor economic times, you get dips in happiness, but they don't last long," says Brooks. "Money may buy happiness, but not very much...
...since Korea's accelerated growth began in the early 1960s. Arguably, a Daewoo collapse was more threatening to Korea than, say, a GM bankruptcy would be to the U.S., simply because the Korean economy is so much smaller. Daewoo had about $50 billion in revenues. The entire South Korean gross domestic product in 1999 was only $450 billion. (GM, by comparison, had $181 billion in revenues in 2007, while U.S. GDP reached $13.8 trillion.) Daewoo seemed too big to fail...