recession watch
No, just kidding. We know you still don't have a job. The Commerce Department announced that the economy grew 3.5% in the third quarter — snapping the longest streak of economic contraction since 1947.
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recession watch
Hey, guess what? The
economy really sucks. The GDP dropped 6.1% annually, after plunging more than expected in the past few months. How much more than expected? Well, it's the worst six month drop since 1957-58.
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consumerism uber alles
Feeling down? Money might help, according to Betsey Stevenson and Justin Wolfers. The Wharton
economists released a paper arguing that countries with higher gross domestic products have happier citizens. The study shatters the conventional wisdom known as the Easterlin Paradox, which holds that GDP and happiness are largely unrelated.
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