U.S. and Germany Differ on Spending
The dispute between America's proposed deficit spending and Germany's belt-tightening grows larger as the nations meet at the G-20 summit. The world's economy could be at stake.
The dispute between America's proposed deficit spending and Germany's belt-tightening grows larger as the nations meet at the G-20 summit. The world's economy could be at stake. Differences in economic policy could be explained by the different economic histories of Germany and the U.S., where Germany has suffered greatly from deficits and inflation whereas the U.S. has learnt to fear deflation. "Referring to US demands that Germany abandon austerity in favor of additional economic stimulus measures, German Finance Minister Wolfgang Schäuble said that 'governments should not become addicted to borrowing as a quick fix to stimulate demand. Deficit spending cannot become a permanent state of affairs.'"
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
Infographics show the classes and anxieties in the supposedly classless U.S. economy.
For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.