Word: metrication
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...calculation that's been attracting attention is the Happy Planet Index (HPI), which combines economic metrics with indicators of well-being, including subjective measures of life satisfaction, which have become quite sophisticated (HPI uses data from Gallup, World Values Survey, and Ecological Footprint). The HPI assesses social and economic well-being in the context of resources used, looking at the degree of human happiness generated per quantity of environment consumed. The HPI metric was driven in part by the recognition that the environmental costs of economic growth must be figured into standard-of-living reports. (See the worst business deals...
...After a case of mad cow disease was discovered in Washington state in 2003, 65 nations imposed partial or full bans on U.S. beef, plunging the American beef industry's exports down by over 75%. Those numbers have yet to recover to their 2003 level of over 1.2 million metric tons, even as nations have softened their positions. Japan, the U.S.'s biggest export market, along with Hong Kong, Taiwan and other countries retrenched slightly in 2006, instituting new, partials ban on beef parts thought to be prone to potential infection. South Korea lifted its U.S. beef...
...Europe or the U.S. by boat. (The price supposedly paid for a gallon of fat would fetch about six times what the equivalent amount in cocaine would on the local market.) Peru is the world's second largest cocaine producer after Colombia, with a capacity to produce around 300 metric tons of cocaine annually from its coca crops...
...began to grow again in the 1970s, reaching unprecedented levels earlier this decade. The measure Philippon uses is the economic value added of the financial sector as a percentage of GDP, which was at about 4% in the 1960s and hit almost 8% in 2006. An easier-to-understand metric - financial-sector profits as a share of overall corporate profits - followed an even more dramatic trajectory, from 12% in the mid-1960s to almost...
...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...