GDP PER CAPITA: See What Countries Have Really Suffered (And Gained) Since The Recession


Real GDP per person is a figure far more real to the average citizen than GDP growth per quarter, especially in countries with growing immigrant populations like Canada and the United States.

So, using this figure, The Economist made a chart to show how countries have been recovering since Q4 2007.

If you take a look below, you'll see that the real GDP per person in the U.S. is still down 4% from pre-recession levels. In China and India, it has jumped 35% and 22% respectively. Of the G7 countries, Germany is the only one that has made it to pre-recession levels.

Now here's the really painful part.

If you look at the GDP per person growth rate ten years before the financial crises, and compare it to the growth rate now, the picture looks even gloomier for the West.  In those terms even Germany has yet to catch up, and the U.S. GDP per person has fallen 10% below trend.

Add that U.S. growth shortfall up, and it comes to a cumulative loss of $14 trillion -- $13,000 per person.

chart

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:

Source: http://feedproxy.google.com/~r/businessinsider/~3/xV7H4MYNUhc/gdp-per-capita-change-2011-8

debt consolidation leads debt consolidation lenders debt consolidation loan calculator debt counseling corp

BERLUSCONI ALLY: Italy Is Doomed, Will Have To Split In Two


berlusconiUmberto Bossi, leader of the Northern League and a coalition partner of Silvio Berlusconi, has embarrassed the Italian Prime Minister with a series of negative comments about the country's future, reports The Telegraph.

Bossi made the comments at rallys for the Northern League, claiming that "the Italian system is condemned to death" and that his followers should prepare for the creation of 'Padania' – an breakaway state in the wealthy north that would include Lombardy, Piedmont, the Veneto and other regions.

Berlusconi apologized today for his ally's outbursts, telling reporters, "I am sorry, this time, to not agree with my friend Umberto Bossi. I am deeply convinced that Italy will always exist."

However, Berlusconi can't afford to lose Bossi's support, the FT notes. Recent polls suggest that his party would only win less than 25% of the vote if the election was held now.

Please follow Europe on Twitter and Facebook.

Join the conversation about this story »

See Also:

Source: http://feedproxy.google.com/~r/businessinsider/~3/YYpIfhstooI/umberto-bossi-silvio-berlusconi-2011-8

consumer debt advocate consumer debt collection consumer debt relief consumer debt settlement

Why Jon Acuff Quit His Last Job: Reason 2

In Jon Acuff?s new book, Quitter, he explains how constantly leaving one job for another never led to anything different or worthwhile. So how did he and his wife decide to quit and go to work for Dave Ramsey? How did he know it was time to quit his day job and pursue his dream job? Reason #2 is below.

By Jon Acuff

[My wife and I] started discussing what criteria the next opportunity needed to fit. This was helpful because it took the pressure off of looking for the perfect job?which is the equivalent of trying to find one needle out of a country-sized haystack?and instead allowed us to brainstorm the characteristics my dream job might possess.

We both felt it should be at a company where faith was part of the culture, not just something that happened in pockets.

I didn?t want to work at a church. I?ve freelanced for churches for years. I have friends who love their jobs at churches across the country. My dad?s a pastor and it would be easy to think I need to follow in his footsteps. But I never felt as if a church was where I was called to be.

I wanted to work in a team environment where I was surrounded by people all day. As a writer, I?ve never been great at the Stephen King, sit-in-a-cabin-in-Maine-alone-for-three-months-writing-a-book gig. (That?s only one of the characteristics that differentiates the two of us; the millions of books he?s sold is the other.)

I wanted to work at a company where an individual had grown a personal brand successfully and humbly, without getting lost in all the traps that face leaders.

I wanted to stay in the Southeast. Although I grew up in Massachusetts, the South was now my home. As we started to discuss these factors, an activity that happened mostly in those Adirondack chairs in our side yard, we started to eliminate a lot of companies. We had that filter in place, and when the Dave Ramsey opportunity came up, we checked it against our criteria.

Faith is a big part of the culture at Dave Ramsey, so that one passed the test. It wasn?t a church, but it was actually a for-profit business actively involved in the marketplace. They had a staff of 300 people I?d get to interact with. I could still write and speak without doing a one-man show from my basement. And I?d be based out of Nashville, which was perfect, geographically speaking. Dave has also spent 17 years growing a personal brand. He?s got a huge radio audience, is a New York Times best-selling author, and has spoken to hundreds of thousands of people. And he?s managed to not become a jerk along the way. That?s no easy feat.

One by one, our filter criteria were met, which helped us feel good about the decision to quit. It?s important to note that the level of detail you put in your own opportunity filter will vary by item. For instance, some of them will be specific and measurable, like, ?We don?t want to work at a church.? That one was easy to verify and check off. Others will be broader and less defined, like, ?Be at a company where faith is part of the culture.? That?s more difficult to measure. So as you build your filter, try to have a mix of both the specific and the broad.

Reason 1 why he quit his job.

Read Quitter for more advice on the right way to quit your day job in pursuit of your dream job.

Excerpted from Quitter by Jon Acuff. Copyright 2011 Lampo Licensing, LLC. Published by The Lampo Press. Used with permission.

Powered By WizardRSS.com | Full Text RSS Feed | Amazon Plugin | Settlement Statement | WordPress Tutorials

Source: http://www.daveramsey.com/article/why-jon-acuff-quit-his-last-job-reason-2/lifeandmoney_career

credit card debt advice credit card debt collection credit card debt death credit card debt forgiveness

So, What Does It Feel Like To Sell A Company For $68 Million? The SAIcast Asks GroupMe

Debt Relief Solutions ? you can legally eliminate your debt quickly

Today to get out of debt you can not just cut your credit cards or trying to pay off large balances, it needs a strategy. Now, with people carrying their credit cards, which proves to be more practical, rather than cash, it is too easy to overspend and then suddenly find you are in debt. [...]

Source: http://www.legaldebthelponline.com/2011/08/21/debt-relief-solutions-you-can-legally-eliminate-your-debt-quickly/

american debt settlement american debt solutions bad debt collection bad debt mortgage

5.9 Magnitude Earthquake Shakes The East Coast, Centered In Virginia Near DC


white house

We just felt a minor earthquake in New York. Nothing serious.

Supposedly it's an aftershock of an earlier earthquake near Washington, D.C.

People on Twitter are saying the earthquake was felt in Toronto, Philadelphia, and Boston.

It was supposedly centered in Virginia, 87 miles southwest of DC – 5.8 on the Richter scale.

LIVE UPDATES BELOW:

----

The New York Times just tweeted that there was an earthquake in Colorado too.

CNN is reporting that some in DC were worried that the earthquake was a bomb at first.

Breaking News is reporting that JFK and Newark airports have been evacuated.

Offices in New York City are being evacuated. Here's a photo someone just tweeted.

We're also seeing reports of cell service is out all across the east coast.

At 2:14 p.m. the earthquake was upgraded to a 5.9 magnitude.

The quake was also felt in Martha's Vineyard, where President Obama is currently vacationing.

The earthquake was only 6 km underground, which is relatively shallow.

The USGS reports that it expects aftershocks to hit over the next few hours.

Here's a map of the world's fault lines. They don't cross where the earthquake started.

We're gathering as much information as we can. The most recent information will be at the bottom of the post. Click here to refresh for updates.

Please follow Business Insider on Twitter and Facebook.

Join the conversation about this story »

See Also:

Source: http://feedproxy.google.com/~r/businessinsider/~3/AFxH4XERqhI/minor-earthquake-shakes-new-york-city-2011-8

debt managers ltd debt negotiation companies debt payment calculator debt planner

Skillshare Launches In San Francisco And Philadelphia Today With Scholarships


Michael Karnjanaprakorn, founder and CEO of Skillshare

Skillshare, the startup that wants to turn every address into a classroom and every person into a teacher or student, is launching today in San Francisco and Philadelphia with Scholarships.

The Skillshare Scholarship will give away $500 to multiple users in each city for taking its classes. Before today, Skillshare classes were only offered in New York.

Here's how the scholarship works:

San Francisco and Philidelphia residents can find a Skillshare class they like, forward to class confirmation to scholarship@skillshare.com, and get reimbursed up to $20.

Skillshare says the offer is good until the $500 runs out. Giving away free classes is a smart way to launch in the new markets.

Skillshare was founded by Mike Karnjanaprakorn in New York City; it recently closed a $3.1 million round from Union Square Ventures and Spark Capital.

Please follow Business Insider on Twitter and Facebook.

Join the conversation about this story »

See Also:

Source: http://feedproxy.google.com/~r/businessinsider/~3/Jwbdia0860w/skillshare-launches-in-san-francisco-and-philidelphia-2011-8

consumer debt settlement consumer debt solutions credit card debt advice credit card debt collection