“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.” FirstsHas BeensFallCausesHalfGrowingProductsColdOfficePercentRateSignificantBudgetsAnalysisGrossDeficitTurkeysCliffsReductionRecessionsAnnualsGross Domestic ProductCold Turkey Author:Christina Romer
“While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.” YearsBalancePercentPerformancesAccountsImpactFundUnpredictableAnnualsFees Author:Arthur Levitt Jr
“If we functionally define a capitalist household as one that receives at least half of the annual income it spends on consumption in the form of return on invested capital, less than 1 percent of United States households are capitalists.” IfsStatesWisdomFormPoliticsUnitedHalfUnited StatesEconomyReturnPercentIncomeLiberalismCapitalistHouseholdConsumptionAnnuals Author:Louis O. Kelso
“It has been estimated that even in the absence of net investment, the mere substitution of modern machinery for worn-out equipment in the United States would cause an annual productivity increase of approximately 1.5 percent.” Has BeensStatesCausesUnitedUnited StatesModernPercentIncreaseMereInvestmentAbsenceProductivityWornEquipmentMachineryAnnualsWorn OutSubstitution Book:Political Econ of Growth Source: Political Econ of Growth
“Another myth we fed to the public through the media was that legalizing abortion would only mean that the abortions taking place i1legally would then be done legally. In fact, of course, abortion is now being used as a primary method of birth control in the U.S. and the annual number of abortions has increased by 1,500 percent since legalization.” MeanDoneFactsUsedCoursesNumbersMediaBirthPercentMethodMythPrimariesAbortionFedsAnnualsBirth Control Author:Bernard Nathanson
“A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.” LosesWealthResultsFailingProduceTaxesBeatsPercentGainsInvestingFundDestroyingMarginsAnnualsVanguardIndex Funds Author:David F. Swensen
“Nothing highlights better the continuing gap between rhetoric and substance in British financial services than the failure of providers here to emulate Jack Bogle's index fund success in the United States. Every professional in the City knows that index funds should be core building blocks in any long-term investor's portfolio. Since 1976, the Vanguard index funds has produced a compound annual return of 12 percent, better than three-quarters of its peer group.” KnowsShouldLongStatesThreeTermUnitedCitiesUnited StatesGroupsBuildingReturnPercentInvestingFinancialBritishCoreBlockSubstanceLong TermFundGapsInvestorsQuartersContinuingRhetoricPeersCompoundsAnnualsHighlightsEmulateProvidersPortfoliosBuilding BlocksVanguardIndex FundsFinancial ServicesPeer Group Author:Jonathan Davis
“The growth of the American food industry will always bump up against this troublesome biological fact: Try as we might, each of us can only eat about fifteen hundred pounds of food a year. Unlike many other products - CDs, say, or shoes - there's a natural limit to how much food we each can consume without exploding. What this means for the food industry is that its natural rate of growth is somewhere around 1 percent per year - 1 percent being the annual growth rate of American population. The problem is that [the industry] won't tolerate such an anemic rate of growth.” TryingYearsMeanFactsProblemMightGrowthNaturalProductsIndustryLimitsPercentHundredRateShoesPopulationPoundsTolerateFifteenCdsBumpsAnnualsTroublesomeExplodingFood IndustryAmerican Food Book:The Omnivore's Dilemma: The Search for a Perfect Meal in a Fast-Food World Source: The Omnivore's Dilemma: The Search for a Perfect Meal in a Fast-Food World