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If you throw all the products we buy and the services we use in one basket, then add up the price tag, that's the Gross Domestic Product, which is the primary metric economists use to assess the economic health of a country or region.
The easy part of calculating GDP is the calculation itself: C+I+G+(X-M)=GDP. Got it? No? Well, add Consumption, Investment by companies, Government purchases, and then take the product of eXports (calling it 'E' would lack sexiness) minus iMports ('I' was taken). Viola! GDP.
Still don't get it? Well, knowing the components helps. Consumption is the biggest component, and it's a tally of the cost of all the goods and services we buy. Investment is what companies spend on the real assets they own, plus the value of the inventory that we haven't gobbled up through consumption. Government purchases are what the Feds pay money for (whether it be highways or fighter jets, though big social programs, like welfare, aren't counted). And then we calculate the difference between the goods and services we¿re sending to other countries and the stuff we're bringing in.
Good. That explains it, except there's a catch. Inflation has a habit of distorting the numbers, so economists talk about either Nominal GDP or Real GDP. In fact, Real GDP isn't necessarily "real" for most folks, since it takes any inflation out. Nominal GDP includes the effects of inflation. (There's something called the implicit price deflator which is a calculation using the two, but we'll spare you the details.)
So, now that we know GDP, why do we want to? Well, it's good to compare different markets. And watching the trend shows whether a given economy is growing (good), stagnating (not so good), or shrinking (very not so good). When GDP goes down two quarters in a row, we're officially in a recession.
For the record, GDP is released at the end of each month, with most reporting ¿preliminary¿ data for the previous month. But you won't get final GDP numbers for the fourth quarter of a year until the very end of the first quarter of the next year. After all, it's not an easy number to calculate.
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Wednesday, July 30, 2008
Kimbo Slice to Co-Star with Hulk Hogan in Stereo Vision's Martial Arts Comedy "Kung Fu U" in 3D
Comtex
LOS ANGELES, Jul 30, 2008 (BUSINESS WIRE) ----Stereo Vision Entertainment, Inc. (OTCBB: SVSN), a film production company focused exclusively on developing high quality, low cost, polarized 3D feature films, announced today that the undefeated Mixed Martial Arts phenomenon, Kimbo Slice, will be co-starring with Hulk Hogan in Stereo Vision's hilarious kids' comedy "Kung Fu U" in 3D.
"Kung Fu U" in 3D is a Disney-type comedy about of a bunch of nerds and misfits that are sent away by their wealthy parents to the Brentwood Academy (a.k.a. Kung Fu U) to learn the finer arts of self-defense. It's a heart-warming romp where the rather weathered warriors come to the rescue for the kids, and in turn, the kids rescue the warriors' seemingly lost souls from what had been their eternal apathy. It's a feel-good story that reminds us that we're all the same, no matter what our age, or where we came from, and that we should all stick together.
Stereo Vision's Chairman, "Baywatch" creator Doug Schwartz, stated, "We're very happy to have Kimbo Slice co-starring in 'Kung Fu U.' He has an enormous media presence, and he'll fit right in with our star Hulk Hogan, and the other cast members in our made for kids 3D movie. We hope to have 'Kung Fu U' in 3D in theatres by the fall of '09."
About Stereo Vision
Located in Van Nuys, California, Stereo Vision Entertainment Inc. (stereovision.com) is a film production company focused exclusively on high quality, low cost, next generation 3D feature films. Responding to the incredible growth of digital projection 3D theater system worldwide, and the exploding demand for polarized 3D feature films, Stereo Vision has for several years, been developing an exciting slate of commercial 3D feature films. Led by a management team that includes Chairman and Chief Production Officer Douglas Schwartz, creator and executive producer of "Baywatch," the world's most watched television series in history, and Chief Financial Officer, Goldman Sachs veteran Theodore Botts, Stereo Vision intends to produce and release at least fifteen 3D feature films over the next 5 years. Capitalizing on its long-standing studio relationships, Stereo Vision is uniquely positioned to be a significant player in future of the 3D motion picture industry.
This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding our business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release.
SOURCE: Stereo Vision Entertainment, Inc.
Stereo Vision Entertainment, Inc. Mr. Lawrence Biggs, 818-909-7911
Copyright Business Wire 2008
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