Word: production
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...cash that Sweden poured into its banks at the time amounted to about 4% of the country's Gross Domestic Product. The comparable share of the U.S. GDP would be about $850 billion, or not much more than what Paulson has recently proposed . But in Sweden's case at least one half of that money, and possibly more, depending on the source, was recouped by subsequent equity sales...
...time when the reputation of "Made in China" is once again being battered by a product safety scandal - this time chemical-tainted milk - China will see a successful space mission as a welcome fall extension of its Summer Olympic glory. "When combined with a successful Olympics, it becomes very difficult for China to be [seen] as a developing country," says Yan Xuetong, director of the Institute of International Studies at Tsinghua University in Beijing. "With the huge amount of money spent and the high-tech capacity, the two things will make the world believe that China is a developed country...
...Smarts "He's given no evidence up to now that he knows what to do with a brush . . ." Thank you, Richard Lacayo, for the excellent profile [Sept. 15], exposing the factory "art" of Damien Hirst. As much as $720,000 for "spin paintings" that are simply manufactured in production facilities by an army of studio assistants? I think Lacayo's term "product lines on canvas" says it all. Welcome to the Wal-Mart of art. I find it strange that however closely I look at the photo of his new work The Golden Calf, I can't quite...
...keeping a close watch on Kim's female caregiver Kim Ok who may be signing official documents on the ailing leader's behalf and gaining government influence. • North Korea's military is about 1.1-million strong with military spending accounting for about 25% of the gross domestic product, leaving little left for a population of more than 23 million...
...students who are specially trained to grasp the models - are so steeped in the particulars that they don't always see the forest for the trees. They get the math, but they don't pay attention to systemic issues within the broader economy; it's a by-product of degree programs that encourage students to take a narrow focus too early on in their studies. "In medicine you become a doctor first, and then you become a specialist," Morici says. "In finance, you just become a specialist...