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...treat it with a numerologist's zeal. When it drops, we assume that grave societal consequences will follow. Macroeconomic policy is formed in its shadow. But now the granddaddy of economic statistics - gross domestic product (GDP) - is under attack. An assortment of economists, psychologists and sociologists are beginning to say that GDP is an imprecise measurement of economic performance that distracts policymakers from more important measures of societal well-being...

Author: /time Magazine | Title: Searching for a Better Wealth Measure Than GDP | 9/16/2009 | See Source »

...Recently, however, some economists have drawn on the work of psychologists, sociologists and epidemiologists to say that economic growth as an end unto itself - at least in wealthy countries - is misguided, no matter how it is measured. These researchers point to surveys showing that despite the steady economic growth of developed countries over the past 50 years, those nations' citizens are no happier than they were 50 years ago, and only slightly healthier. To these thinkers, the developed world has come to the end of an epoch. (See pictures of retailers that have gone out of business...

Author: /time Magazine | Title: Searching for a Better Wealth Measure Than GDP | 9/16/2009 | See Source »

...that moment, a voice rang out telling Hackbart not to make the rude gesture in public. "So I was like, How dare that person tell me? They obviously didn't see what happened. Who are they to tell me what to say?" he says. "So I flipped that person off. And then I looked, and it was a city of Pittsburgh cop in his car right next...

Author: /time Magazine | Title: Do You Have the Right to Flip Off a Cop? | 9/15/2009 | See Source »

Many of the country's mexicanos negros (black Mexicans), as they are called, know that their ancestors arrived in chains on boats that docked at ports in the sultry, steamy state of Veracruz. But they don't know much else. Indeed, Afro-Mexicans say that much of the history of los mexicanos negros is untaught or ignored by the rest of the country. Apart from Yanga, Afro-Mexicans claim Vicente Guerrero, who served briefly as President in the early 19th century and gave his name to the state of Guerrero, as one of their own, as well as revolutionary...

Author: /time Magazine | Title: Blacks in Mexico: A Forgotten Minority | 9/15/2009 | See Source »

...Mexican population as a separate category in the next census, in 2010. Official statistics do not recognize blacks as a separate ethnic group (56 indigenous groups are officially accredited, the largest ones being the Nahuatl and the Maya, numbering more than 2 million each). As a result, Afro-Mexicans say they have been left out of institutional programs and are without a cultural identity. The group Mexico Negro A.C. is linking with similar Afro-descendant organizations in Latin America that have achieved success in securing better treatment. "We no longer want to be detained by security agents...

Author: /time Magazine | Title: Blacks in Mexico: A Forgotten Minority | 9/15/2009 | See Source »

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