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Javier E

G.D.P. Doesn't Measure Happiness - NYTimes.com - 0 views

www.nytimes.com/...-doesnt-measure-happiness.html

US economic performance measure GDP happiness goal national education history

shared by Javier E on 09 Oct 11 - Cached
  • “happiness is, in the end, a much more complicated concept than income. Yet it is also a laudable and much more ambitious policy objective.”
  • it’s a challenge to set criteria for measuring happiness. However, in a conversation, she told me she did not see it as an insurmountable one: “It doesn’t have to be perfect; after all, it took us decades to agree upon what to include in G.D.P. and it is still far from a perfect metric.”
  • there remains the issue of being No. 1. Many of us have lived our lives in a country that has thought itself the world’s most powerful and successful. But with the United States economy in a frustrating stall as China rises, it seems that period is coming to an end. We are suffering a national identity crisis, and politicians are competing with one another to win favor by assuring a return to old familiar ways.
  • ...4 more annotations...
  • When Newsweek ranked the “world’s best countries” based on measures of health, education and politics, the United States ranked 11th. In the 2011 Quality of Life Index by Nation Ranking, the United States was 31st. Similarly, in recent rankings of the world’s most livable cities, the Economist Intelligence Unit has the top American entry at No. 29, Mercer’s Quality of Living Survey has the first United States entry at No. 31 and Monocle magazine showed only 3 United States cities in the top 25.
  • On each of these lists, the top performers were heavily concentrated in Northern Europe, Australia and Canada with strong showings in East Asian countries from Japan to Singapore. It is no accident that there is a heavy overlap between the top performing countries and those that also outperform the United States in terms of educational performance
  • Nearly all the world’s quality-of-life leaders are also countries that spend more on infrastructure than the United States does. In addition, almost all are more environmentally conscious and offer more comprehensive social safety nets and national health care to their citizens.
  • providing the basics to ensure a high quality of life is not a formula for excess or the kind of economic calamities befalling parts of Europe today. For example, many of the countries that top quality-of-life lists, like Sweden, Luxembourg, Denmark, the Netherlands and Norway, all rank high in lists of fiscally responsible nations — well ahead of the United States, which ranks 28th on the Sovereign Fiscal Responsibility Index.
g-dragon

Allen Stanford: Descent from Billionaire to Inmate # 35017-183 - 1 views

www.cnbc.com/49276842

shared by g-dragon on 13 Jun 16 - No Cached
    • g-dragon
      g-dragon on 13 Jun 16
       
      Right now Antigua is already facing many problems, but one that really hit the news was the Stanford Scandal. Allen Stanford gained his wealth by tricking and lying to people starting from Antigua. After his business failed, he decided to try banking in Antigua. He started with the rich people from Antigua worried about the government and sold fake CD's aka certificate of deposits. He slowly moved his business into America and was caught. The Securities and Exchange Commission did not report their suspicions when they were supposed to which cause people to loose their life earnings. The victims are happy that at least he has gotten a life sentence in prison and they are still working on returning the money stolen. This shows how bad the government in Antigua is. How could they let this slip through this affect so many of their citizens? Daniel Lin
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