A study at Dartmouth College of the English Wikipedia noted that, contrary to usual social expectations, anonymous editors were some of Wikipedia's most productive contributors of valid content. Wikipedia has harnessed the work of millions of people to produce the world's largest knowledge-based site along with software to support it, resulting in more than nineteen million articles written, across more than different language versions, in fewer than twelve years. Areas of reliability Article instability and susceptibility to bias are two potential problem areas in a crowdsourced work like Wikipedia The reliability of Wikipedia articles can be measured by the following criteria:
The Recovery from the Great Recession is over. The Great Recession that began in was deep and long, and the recovery that began in has now finally concluded.
Potential GDP has a particular meaning: US cyclical expansions since have averaged just short of 5 years in length.
The shortest had a duration of but one year, in contrast to our current expansion, which began in the Great Recession low of nearly 10 years ago. If the economy continues to grow through next spring, this would become the longest expansion since the NBER began counting years ago. Meanwhile, the stock market has been ascending for virtually the same amount of time.
For a long time in the post WWII era, the US trade balance with the rest of the world as a percent of GDP was a small positive number, that is, we had a trade surplus as shown below up until the early ls. Firms that invest are seeing gains in after-tax corporate profit, thanks to expansionary fiscal policy from tax cuts and accelerated depreciation on new capital goods.
There is also increased spending on military. Many countries have since followed this game plan, a trend with lasting implications for future economic growth. According to the Keynesian script, governments achieve the requisite spending to thrust an economy out of a recession via a dose oflow central bank interest rates to incent private parties to borrow and spend.
In the Keynesian mindset, spending is the key to recovery — never mind if the spender has to go into hock to do it. Indeed the notion of the proportionality of money and prices exists in academia as well.
It is known as the quantity theory of money, for which Milton Friedman received a Nobel Prize in The proportionality of money and prices has a long history. It probably first derived from events when gold was the money in question: There was a time when rising stock prices with or without rising earnings would attract a crowd of eager investors wishing to join the momentum.
But today, like so much else in economics and finance it seems to be working upside down and backwards. The videos of the slow growth economy discussion can be found HERE. The third evening was a discussion of the current investment dilemma especially for Baby Boomers with the need for asset accumulation and investment income in these extended financial markets.
The video of that discussion was not preserved but I provide the power point outlines here: There are clear reasons why this is happening, but where does it leave investors today?After reading the story, please click on Week 2 Assignment link to upload your file with your answers to Week 2 Assignment by Sunday July 26 at pm.
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Joseph Hien in Minneapolis welcomed Father Hilary Nhuan Tran as associate priest on May 4 and will welcome Father Ignatius Nguyen Kinh as pastor, beginning June 5. Both priests are members of the Congregation of the Mother Co-Redemptrix of Vietnam. The following assignments are all effective July 1.
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