U.S House Representative Ilhan Omar (D-MN) recently introduced a bill in Congress to overhaul GDP, the nation’s most watched economic indicator. July 30th she introduced the Genuine Progress Indicator (“GPI”) Act. It would be a significant change for the trajectory of the socio-economic system. GPI is a new way to calculate GDP, but passage of […]
The post GPI vs. GDP first appeared on Dissident Voice.
In what feels like a throwback to another era, banks and big business are once again talking about ‘growth’, and economic development. Both of which amount to the same thing to the men and women of money – profit. After over a year of utter turmoil, death, illness, heartache, social and economic lockdowns, some nations […]
The post GDP versus Lasting Growth Rooted in Love first appeared on Dissident Voice.
The year 2019 will go down in the history books as the year when Donald J. Trump suffered not only the non-stop trials and tribulations of the Mueller Report, which cleared the 45th POTUS of collusion with the Russians, but impeachment as well. However, there are many other upcoming events in the New Year that have – believe it or not – nothing to do with impeaching Trump.
The currencies of three BRICS economies have steadily strengthened against the US dollar in recent weeks.
Brazil’s real, Russia’s ruble and South Africa’s rand have benefited from a ‘pause’ in the momentum to raise interest rates, particularly in the US.
All three countries have battled recession in contrast to BRICS members China and India, which are forecast to grow 6.7 per cent and 7.6 per cent, respectively, in 2016.
The rand is up nearly 15 per cent against the dollar in 2016 after suffering a significant slump in mid-2015.
