WASHINGTON, Sept. 14, 2011 /PRNewswire/ -- Only a third of Americans can name the three branches of government. Almost three years into President Barack Obama's term, nearly one in three Americans mistakenly believe he is Muslim. A similar percentage believed that President George W. Bush was complicit in the 9/11 terrorist plot. Just a third of the country's students scored proficient on the most recent nationwide assessment of civics. And Jay Leno regularly gets laughs with his "Jay Walking" routine, which highlights examples of civic ignorance. Civic learning has reached a new low. At a time when the country is mired in a debt crisis and productive public discourse has been replaced by divisive rhetoric and a disregard for facts, Americans lack the basic civic knowledge to become eng...
KIEV, Ukraine and LONDON, December 8, 2010 /PRNewswire/ -- During the last 6 months the Ukrainian government has managed to significantly improve the country's financial situation by decreasing the public debt. This statement was the core message of the First Deputy Head of Administration for the President of Ukraine Iryna Akimova at the Inside Ukraine Conference organized by The Economist. Iryna Akimova stated that the Ukrainian government managed to stop the growth of the state debt in relation to GDP. It went from being double last year to only 5% this year. She underlined that such results prove the correctness of the fiscal policy of the Ukrainian government. GDP of Ukraine reduced to 15,1% in 2009, it is expected to grow by 5% in 2010.
The travails of Southern Europe -- in particular Spain, Portugal and Greece -- continue to dominate the concerns of Europe's politicians and global markets as 2010 draws to a close. Concerns over the ability of the eurozone to survive the debt crisis of its weakest members have led to tumbling stock markets and soaring bond spreads periodically throughout the year. Although all three countries have efforts under way to address their problems, there is little doubt that fears about their fate will resurface. The good news, though, is that Spain is in relatively good shape, says Marco Annunziata, chief economist at US-Credit. Before the crisis, public debt was fairly low, and while private debt -- and in particular mortgage debt -- was a problem, private sector deleveraging is happening q...
... & Poor's in September by downgrading the country from its top rating of Aaa to AaI . The good news,...
France's unemployment rate hasn't fallen below 8 percent in a quarter century. During that period, France's per capita gross domestic product declined from seventh in the world to 17th. In none of the last five years has the French economy grown as fast as the average rate for the 30 industrial economies that comprise the Organization for Economic Cooperation and Development. Its economic growth rate during 2006 was the slowest of any nation in the European Union except Portugal. As a share of labor costs, taxes on the average French worker exceed 50 percent. What little progress France has achieved over the past decade has been financed by raising the nation's public debt faster than any other country in Western Europe. As bad as this situation is, 47 percent of the French electorate a...
... the tragedy of the commons states that a publicly owned good will tend to be overexploited and disap... has contributed to the current sovereign-debt crisis in Europe. In this article, I explain how a... and incomes increase in the deficit country, the new money flows abroad, where the effect on p...
We had reversed the recession, avoided a depression, got the economy moving again. . . . But over the last six months, weve had a run of bad luck. President Obama, Decorah, Iowa, Aug. 15 WASHINGTON A troubled nation wonders: How did we get mired in 9.1 percent unemployment, 0.9 percent growth and an economic outlook so bad that the Federal Reserve pledges to keep interest rates at zero through mid-2013 an admission that it sees little hope on the horizon? Bad luck, explains our president. Out of nowhere came Japan and its supply-chain disruptions, Europe and its debt problems, the Arab Spring and those oil spikes. Kicked off, presumably, by various acts of God (should He not be held accountable too?): earthquake and tsunami. (Tomorrow: pestilence and famine. Maybe frogs.) Well yes, b...
... and their changes during a period of time, debts and financial assets level, composition and dynami... level of government and on a single country, the present research can represent an effort to f...
Vinod Rai, Comptroller and Auditor General of India and chair of the Knowledge Sharing Committee, presented his report to the Governing Board and the XX INCOSAI. According to the INCOSAI strategic plan, the purpose of goal 3 is to encourage SAI cooperation, collaboration, and continuous improvement through knowledge sharing, including providing benchmarks, conducting best practice studies, and performing research on issues of mutual interest and concern. In addition to Rai's report, the individual working groups and task forces reported on their goals and achievements. This article summarizes the activities and accomplishments of goal 3 working groups and task forces.
...* ISSAI 541 1 : Public Debt Indicators,. * Program Evaluation for SAIs - ... a questionnaire designed to identify country regulations, policies, and strategies, as well as ...
When the clock strikes 3:02 p.m. today, Massey Energy will pause operations to remember the 29 miners killed in a blast at that hour a year ago. In a statement, the company said, Massey Energy continues to extend our sincere condolences and heartfelt sympathies to those families and communities who lost loved ones in this tragic accident. The company remains fully committed to a thorough and comprehensive investigation that seeks to identify the primary causes of the explosion and provide answers to the UBB families and the communities we serve in Central Appalachia. In honor of the beloved miners that we lost in last years accident, Massey Energy will idle production and hold a safety stand down at our 92 underground coal producing sections on April 5, 2011. In addition, Massey will co...
... analyzed the impact on the performance of public trade securities (stocks or bonds) of a new rating... firms operating in a certain industry or country partially depends upon the broadness of the benchm... sheet features (i.e., size, total assets, debt, etc.) in the choice of a multi-rating solution (e...
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