Word: welled
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...prime economic indicator during the Second World War (to monitor war production) many have criticized policy-makers' reliance on the GDP - and proposed substitute measures. For example, there is the Human Development Index (HDI), used by the UN's Development Programme, which considers life expectancy and literacy as well as standard of living as determined by GDP. And the Genuine Progress Indicator, which incorporates aspects of social welfare such as income equity, pollution, and access to health care. In the international community, perhaps the biggest nudge has come from French President Nicolas Sarkozy, who commissioned a report by marquee-name...
...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...
...suited a different era and now we need a metric for our times," says Nic Marks, a Fellow at the London-based New Economics Foundation, and founder of its Centre for Well-Being. "During World War II production was important. After the war was the need for rebuilding. We're way past that. We need to account for our ecological footprint and see how we're operating on the planet. The GDP is often precisely wrong in that it's not measuring progress, just the making of stuff. The HPI is striving to measure a better future." One appeal...
Ever get annoyed when your friends at Princeton try to convince you that they work twice as hard for half the grade? Well, apparently, the school’s grade deflation policy—which has long served as a mark of unique academic intensity among Princetonians, not to mention a chief source of that smugness we all know and love—isn’t working quite as well as everyone had hoped. In fact, it seems like it’s taken Princeton students six years to realize that their special grading policy translates into lower GPAs...
...society is deleterious in its effects. Throughout history, societies have regulated marriage with this danger in mind, recognizing in marriage the privileged status granted to the heterosexual union as the best context for procreation and the raising of children - functions understood to be vital to the society's well-being. The argument put forth by Boies would mean the effective deregulation of marriage, since his arguments already presented in court could be proposed by any number of others, including those representing polygamists." (See a video of gay marriage in the heartland...