GDP

A schoolboy uses a laptop provided to him under 'one laptop per child' project by non-governmental organisation (NGO) as a calf stands near in a primary state-run school on the eve of International Literacy Day at Khairat village, about 90 km (5

Access to web, phones key to helping the poor

Governments worldwide must boost internet accessibility in order to nurture democracy and economic development, entrepreneur Loic Le Meur said at the prestigious LeWeb technology conference in Paris which he founded.

Markets Now Seeing Once-Unthinkable Greek Eurozone Exit as Inevitable

Euro banknotes.
Talk of Greece voluntarily leaving -- or being kicked out of -- the eurozone was once verboten. Now bank economists, investors, and even central bankers are talking about it as though it's a done deal. The divide between rhetoric is also growing. Those predicting the future Greek exit are calling it "manageable," while those saying it won't happen are labeling the possibility "catastrophic."
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China Growth Slows as Export Outlook Darkens

China's annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told reporters on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world's No. 2 economy.

Bank of Canada holds rates, cites deeper euro crisis

The Bank of Canada kept its overnight interest rate at 1 percent on Tuesday, as expected, and gave no suggestion of an impending rate cut even though its view of the European debt crisis has clearly darkened.
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Why Are More Women Than Men Going to College?

Women are attending and obtaining degrees from U.S. colleges and universities at a pace exceeding that of men. On some co-ed campuses, the girls outnumber the boys by a ratio of almost three-to-one.

What is Driving Construction Spending?

Total construction spending has contributed to real Gross Domestic Product (GDP) over the past two quarters and is expected to add to economic growth through 2013.
U.S. Budget

The Quickest Way to Balance the U.S. Budget

Sooner or later, income taxes on upper-income groups in the United States, including the uber-rich, have to be raised to balance the federal budget, and to restore tax fairness.
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November Service Sector Growth Slows in U.S.

The economy showed signs it was decelerating, with an index of service activity pointing to slower growth in November while new orders for factory goods declined in October for the second straight month.
U.S. Stock Market

U.S. Stock Market - Is Dow 12,000 the End or Beginning of a Rally?

You can't blame investors for feeling a bit hesitant regarding deploying new money in the U.S. stock market these days. Lingering concern about Italy's finances, along with below-trend U.S. GDP growth has created an uncertain U.S./Europe economic outlook. Where's the Dow likely to head in the next six months?
Italian Prime Minister Monti takes his glasses during a news conference on the new austerity package in Rome

Italy PM Monti Unveils Sweeping Austerity Package

Prime Minister Mario Monti, boosted by positive market reaction, takes a 30 billion euro austerity package to Italy's parliament on Monday to help stem a debt crisis threatening to overwhelm the Eurozone.
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Greek haircut was a terrible mistake: ECB's Orphanides

NICOSIA, Dec 5Sources told Reuters at the weekend that Germany was prepared to soften language in the euro zone's permanent rescue fund that compels bondholders to accept losses in exchange for much stricter budget rules.
Growth in China’s manufacturing sector had dropped in October 2011, to 50.4 from 51.2 in September 2011.

HSBC China Services PMI Falls, Slowdown Spreads

The HSBC Purchasing Managers' Index for China's services sector fell to 52.5 from 54.1 in November, signalling its slowest rate of growth in three months and the latest in a series of data points portraying a quickly cooling economy in need of policy support.
Bank of Canada Governor Carney speaks in Montreal

Jobless rate unexpectedly rises in November

Canada's economy unexpectedly lost jobs for a second straight month in November, raising concern that weakness in other countries may do lasting harm to an economy that has so far been surprisingly robust.
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Q3 GDP beats Street, rebounds from Q2 fall

The Canadian economy grew at an annualized rate of 3.5 percent in the third quarter, recovering more solidly than expected from a 0.5 percent contraction in the second quarter that was linked to the impact of Japan's earthquake and tsunami.

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