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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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Friday, July 18, 2008
RHI Entertainment's 'Tin Man' Earns Nine Emmy Award(R) Nominations from the Academy of Television Arts & Sciences
Comtex
NEW YORK, Jul 18, 2008 (BUSINESS WIRE) ----RHI Entertainment (NASDAQ: RHIE), a leading developer, producer, and distributor of made-for-television movies, mini-series, and other television programming, announced today that Tin Man, the highly acclaimed six-hour SCI FI Channel miniseries, received nine Emmy Award(R) nominations from the Academy of Television Arts & Sciences, including Outstanding Miniseries.
"We are honored to be recognized by the Academy," said President, Chairman and CEO Robert Halmi, Jr. "Such acknowledgement reinforces our commitment to creating and producing imaginative entertainment that connects with a diverse and broad audience."
Halmi, Jr., and RHI Entertainment's Founder Robert Halmi, Sr. were Executive Producers on Tin Man, the wild re-imagining of L. Frank Baum's Wonderful Wizard of Oz.
Directed by Nick Willing, Tin Man was the "most watched" program in the history of the SCI FI Channel and the top-rated cable miniseries of 2007, according to Nielsen Media Research.
Nominations include:
-- Outstanding Miniseries
-- Outstanding Art Direction for a Miniseries or a Movie
-- Outstanding Costumes for a Miniseries, Movie or a Special
-- Outstanding Single-Camera Picture Editing for a Miniseries or a Movie
-- Outstanding Makeup for a Miniseries or a Movie (Non-Prosthetic)
-- Outstanding Hairstyling For A Miniseries Or A Movie
-- Outstanding Sound Mixing For A Miniseries Or A Movie
-- Outstanding Sound Editing for a Miniseries, Movie or a Special
-- Outstanding Special Visual Effects for a Miniseries, Movie or a Special
About RHI Entertainment
RHI Entertainment (NASDAQ: RHIE) develops, produces and distributes new made-for-television movies, miniseries and other television programming worldwide, and is the leading provider of new long-form television content in the United States. Under the leadership of Robert Halmi, Sr. and Robert Halmi, Jr., RHI has produced and distributed thousands of hours of quality television programming, and RHI(1)s productions have received more than 100 Emmy Awards. During 2007, RHI developed, produced and distributed 43 new television movies and miniseries to broadcast and cable networks around the world. In addition to the development, production and distribution of new content, RHI owns rights to approximately 1,000 titles, or over 3,500 broadcast hours of long-form television programming, which are licensed to broadcast and cable networks and new media outlets globally.
SOURCE: RHI Entertainment
RHI Entertainment Beth Nussbaum, 212-261-9156 bnussbaum@rhifilms.com
Copyright Business Wire 2008
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