Archive for Economics

2010 Statistical Abstract of the U.S. released

The Statistical Abstract, also known as “Uncle Sam’s Almanac,” has been published since 1878 — before automobiles, airplanes and motion pictures had even been invented. Contained in the 129th edition are more than 1,400 tables of social, political and economic facts which collectively describe the state of our nation and the world.

Did you know that in 2007, the nation’s 16,604 libraries collectively had an average of 12.5 public-use computers connected to the Internet per library?

Every edition of the Statistical Abstract, dating from 1878, is available in PDF or zip files on the Census Bureau’s Web site.

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President considers the State of the Union

“I never suggested that change would be easy, or that I could do it alone,” President Obama said today in his first State of the Union speech to the U.S. Congress. “Democracy in a nation of 300 million people can be noisy and messy and complicated. And when you try to do big things and make big changes, it stirs passions and controversy. That’s just how it is.

“We have finished a difficult year.  We have come through a difficult decade.  But a new year has come.  A new decade stretches before us.  We don’t quit.  I don’t quit.  Let’s seize this moment — to start anew, to carry the dream forward, and to strengthen our union once more.”

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Economic report of the President for 2009

An overview of the nation’s economic progress using text and extensive data appendices, the Economic Report of the President is an annual report written by the chairman of the Council of Economic Advisors.

The Joint Economic Committee of the U.S. Congress has released its own review of this document as part of its continuing study of matters relating to the US economy.

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Obama supports Trans-Pacific Partnership

President Obama intends to enter into negotiations of a regional, Asia-Pacific trade agreement, known as the Trans-Pacific Partnership (TPP) Agreement.

The TPP  is a potential platform for economic integration across the Asia Pacific region. The United States will engage with an initial group of seven like-minded countries, Singapore, Chile, New Zealand, Brunei, Australia, Peru, and Vietnam, to craft a platform for a high-standard, comprehensive agreement – one that reflects U.S. priorities and values – with these and additional Asia-Pacific partners.

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Innovation provides new goods and services for economy

Economic expansion depends more and more on innovation — not simply producing more goods and services, but producing ever newer goods and services. Roots of Innovation, the latest issue of eJournal USA, seeks to show that innovation needs the right conditions to emerge

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APEC accomplishments

On November 15, President Obama participated in the 17th Annual Asia-Pacific Economic Cooperation (APEC) Leaders’ meeting in Singapore.  He announced that in 2011, when the United States hosts APEC, he looks forward to welcoming his fellow APEC leaders to Hawaii

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Economic situation stabilizes

Commonly known as the Beige Book, the latest edition of The Summary of Commentary on Current Economic Conditions by Federal Reserve District was released in October.

Published eight times per year,  the Beige Book summarizes economic information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis.

Reports from the 12 Federal Reserve Districts indicated either stabilization or modest improvements in many sectors since the last report, albeit often from depressed levels. Leading the more positive sector reports among Districts were residential real estate and manufacturing, both of which continued a pattern of improvement that emerged over the summer.

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Obama, Clinton to attend APEC in Singapore

Asia-Pacific Economic Cooperation

Both President Obama and Secretary of State Clinton plan to attend meetings of the Asia Pacific Economic Cooperation forum later this week.

The President will also visit Japan, China and South Korea while he is in the region. While in Singapore, Clinton will hold bilateral meetings with her counterparts from the region.

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U.S. economic history publication revised

Outline of the U.S. economy has recently been updated to include information about the current global financial crisis. The U.S. economy of the 21st century little resembles that of the 18th century, but acceptance of change and embrace of competition remain unchanged.

This publication is part of a series produced by the U.S. Department of State’s Bureau of International Information Programs. Other titles include:

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G-20 leaders pledge cooperation on range of issues

The G-20 Summit in Pittsburgh is now history. The gathering of leaders ended with pledges for cooperation on a range of issues.

The Leaders Statement

Facts on the Summit

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