In Part 1, we learned that real per capita health spending saw a 25-fold increase the 8 decades starting in 1929 even as real per capita GDP grew only 5-fold during the same period.
In Part 2, we learned that annual excess growth in inflation-adjusted health spending above and beyond general economic growth has been a persistent phenomenon: from 1929 to 2015, the average rate of growth in real per capita health spending (4.1%) was slightly more than double the rate experienced in the rest of the economy (2%).economy Federal GDP government growing growth health health care health spending spending
Marijuana has helped countless people around the world cope with various diseases, and yet it remains a controversial drug. Millions have been pushing for its legalization for many years now, and those who believe in the plant have collected a few victories, and there are now a number of states in America where recreational or medicinal marijuana can be purchased.ago biggest business Cannabis Etheridge government marijuana ve working years
The South Korean government’s recent move to nip in the bud any incipient asset bubbles by increasing the corporate tax rate on its largest companies (among other things) is an example of a government making proper diagnosis but prescribing the wrong medicine--and for the wrong reasons.
It is perfectly understandable that the South Korean government wants to be vigilant about the rapid run-up in real estate prices of late, given its country’s history with financial crises--South Korea’s economy suffered greatly in the East Asian Financial Crisis of 1997 as well as during the global collapse of financial markets in 2007.capital companies corporate country financial government South tax rate taxing wage
Microsoft has announced that it is going to open two new highly-secure Azure regions in Canberra, Australia to support the needs of the Australian government and its suppliers.
Microsoft is partnering with local datacenter firm Canberra Data Centres (CDC) to supply Azure regions from within datacenters rated to handle Unclassified and Protected classification material.Australia Australian Azure Canberra datacenter government local Microsoft regions secure
The Trump administration is considering a plan to tax aluminum foil imports from China after finding that the country is heavily subsidizing aluminum foil.
The investigation into aluminum foil producer subsidies is not part of a broader investigation into China’s aluminum trade that President Donald Trump initiated by executive order in March.administration aluminum China commerce Department foil government impose producer Trump
Prime Minister Modi’s Clean India campaign, open defecation and all that talk about building toilets: Is Akshay Kumar’s new film trying to sell us something more than a good time? It has also been declared tax-free in states ruled by Modi’s party.Akshay Ek Prem film government Kumar locations Modi Prem Katha release Toilet Ek
One year after the historic impeachment of Brazil's first female president, chaos and uncertainty remains.
With that, it is suffice to say that one year after Dilma Rousseff was impeached, her vice president Temer has done no better, at least in the public's view.Brazil Dilma economy government growth House Petrobras President reform Temer
The Cold War finally and dramatically ended almost 30 years ago when the Berlin Wall fell, soon followed by the disintegration of the Soviet Union. But despite the election of Donald Trump, the U.S. and Russia have descended into what increasingly looks like a Little Cold War with Moscow's decision to expel 755 U.S. diplomats.America American Cold election government Moscow Russia Trump war Washington
To remedy a rather confusing situation where nomenclature and reality did not run together, the Chinese government decided to change the name of its epic initiative to wrap up the Eurasian supercontinent and Africa with an array of trade corridors like the laces running around the contour of a baseball.
As explained by the Chinese side, the first English translation, namely, “One Belt One Road”, has brought about numerous misinterpretations, as the partners tend to focus too much on the word “one”, assuming that there is to be only one maritime route and a single land belt, whereas, in reality, “The Belt and Road Initiative aims to connect Asia, Europe and Africa along five routes.” Supposedly, the perception of a single road as a limited offer can drive the regional partners into competition mode, therefore, the stressing of the numeral “one” is to be avoided.Africa Belt Road China Chinese decided government initiative OBOR road route
In 2016, Speaker of the House Paul Ryan enthusiastically urged his House colleagues to put Puerto Rico – saddled with billions in debt and underfunded pension liabilities – on the path to fiscal solvency. To help the island achieve this the Speaker worked with President Obama and Congressional Democrats to create a federal oversight board that would be charged with righting this failing Island.creditor debt federal oversight General government Governor island oversight board pension Puerto
Martin Shkreli’s unrestrainable predisposition to talk, verbal joust, prod, criticize and opine never took the form of Shkreli speaking directly to the jury -- under oath -- at his criminal trial because he decided not to testify in his own defense. Here, Shkreli put on no direct defense case, instead leaving his entire defense to witness cross-examination.criminal Defendant defense government jury put Shkreli testify verdict witness
Iranians are firmly behind their government’s threats to take counter-measures against the United States if the White House pushes ahead with new sanctions against their country, according to a new survey.
A poll of 1,004 Iranians carried out in June by IranPoll for the University of Maryland found strong support for that position.agreed country government House Iran Iranian measures nuclear sanctions White
Although we mainly hear that political figures joining the new administration are bidding up home prices in tiny DC neighborhoods, what happens in rich enclaves tells you very little about how best to invest in Greater Washington DC.
Although the government workforce hasn't grown much in recent years, this constantly swelling army of government-dependent workers is the force that fuels the expansion of the DC area and the real estate market.Area DC find government higher home Rent renters single family worker
He's not the least popular president in the Americas. Analysts expect that the Trump administration will likely focus on sanctions targeting individuals, at least initially, but said the most effective sanctions would likely target petroleum exports considering that energy accounts for roughly 95% of Venezuela's export economy.economy government Maduro party PDVSA PSUV sanction United Venezuela Venezuelan
Bad news for investors who rely on dividends from their investments; the UK government has confirmed it plans to go ahead with a proposed reduction on the tax-free dividend allowance.
Currently investors can enjoy £5,000 of income from dividends on their investments before they have to pay any tax on further dividend income.allowance dividend free government hope income investments investors reduction tax