FOX Translator
No data currently available.
No data currently available.
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.
Home / Markets / Industries / Media
Monday, July 07, 2008
The Root Publisher Announces Strategic Innovation Lead
Comtex
WASHINGTON, Jul 07, 2008 (BUSINESS WIRE) ----The Root, an online magazine featuring perspectives from prominent and emerging black thought leaders, today announced that Omar Wasow will be the site's Product Strategist, joining recently named Publisher Donna Byrd. Veterans of Black America Web and BlackPlanet, Byrd and Wasow hope to combine their skills to make The Root a smart, savvy hub of thoughtful news and commentary for the post-Civil Rights generation.
Byrd is former CEO of BlackAmericaWeb.com, where she was instrumental in launching one of the first leading African-American news and lifestyle websites. She developed marketing and sales strategy for The Coca-Cola Company and Procter and Gamble before co-founding Kickoff Marketing, a strategic planning and brand firm. Since joining The Root, Byrd has leveraged her expertise and background in marketing, business planning and digital innovation to grow the fledgling site.
Byrd says her vision is for The Root to introduce up and coming black thought leaders, engage a community of forward thinkers in both serious and lively debate, and to showcase the diversity of viewpoints currently shaping the black experience.
"To me, The Root fills a void in African-American media. In an environment where most major Web sites aimed at black audiences offer primarily entertainment news, The Root offers a deeper, more meaningful discourse on issues of importance to black people. We provide a platform for smart discussion and debate," said Byrd. "I am thrilled that we now have Omar, who is one of the most talented minds in the Internet space. His creativity and vision on the Web is critical to our mission of being not only a leader in black-focused commentary but also among the most forward-thinking in innovation on the Web."
Wasow joins The Root as Product Strategist, focusing on creating cutting edge features and community-building tools. He co-founded BlackPlanet, the largest social networking site for African Americans, which, under Wasow's leadership, received over 3 million users per month. Wasow's reputation for being a visionary and demystifying technology issues has landed him regular appearances on NBC's Today Show and The Oprah Winfrey Show.
"Both Donna and Omar have been vital toward the growth and landscape of African-Americans on the Web, and they are joining an already stellar editorial team led by Lynette Clemetson. The Root is all about bringing together pioneering thinkers who are talented and savvy, and Donna and Omar's involvement comes at the critical time, when The Root is emerging as a leader in political and cultural analysis of post-Civil Rights thought," said Henry Louis Gates Jr., Editor-in-Chief of The Root.
Since launching late January 2008, The Root has attracted well-established voices such as Alice Walker, Charlayne Hunter Gault and Michael Eric Dyson as well as emerging black thinkers including scholars Melissa Harris-Lacewell and Marc Lamont Hill and trendsetters like "Eco-Soul Kitchen" columnist and chef Bryant Terry. Former Lt. Governor Michael Steele will also have a regular column on the site. Steele is the first African-American to serve in a Maryland statewide office and the first Republican lieutenant governor in the state.
Byrd and Wasow are the newest members of the managerial team, which includes Gates, Managing Editor Lynette Clemetson and Deputy Editor Terence Samuel. Wasow is pursuing a doctorate in African American studies and political science at Harvard, and is currently based in Cambridge, Massachusetts.
About TheRoot.com
The Root is a daily online magazine that targets the post-Civil Rights Generation with original, provocative commentary and analysis on politics, social issues and culture from a variety of perspectives. Dedicated to increasing the breadth and depth of black voices engaged in debate about the most important issues of the day, The Root is built on the strength of a robust and diverse group of contributors, and has an editorial sensibility that reflects the confidence and divergent world views of its audience.
TheRoot.com is owned by The Slate Group, an online publishing subsidiary of The Washington Post Company (NYSE:WPO) and can be found on the Web at www.theroot.com.
SOURCE: The Slate Group
Washingtonpost.Newsweek Interactive Jennifer Lee, 703-469-2671 Jennifer.Lee@wpni.com
Copyright Business Wire 2008 ********************************************************************** As of Thursday, 07-03-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-13-2008 for WPO @ $647.90. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
