Mexico's Economy Will Exceed Germany and UK by 2050? #peakoil #collapse @collapsenet

40 year projections are about as worthless as a used Barry Manilow 8 track.

Clipped from www.guardian.co.uk

GDP growth across the OECD

GDP growth across the OECD

GDP growth is the standard litmus test of how an economy is performing. National bodies such as the Office for National Statistics calculates it each quarter by assessing the activity in various parts of the economy. They then attempt to strip out the effects of inflation by recalculating the activity using last year's prices (this is called the 'chained volume measure', as it links the two years together to give a better picture).

GDP also ignores a lot of personal activity - hire a company to repair your house and this activity will be measured by the ONS, but do it yourself and it won't be. Additionally, it doesn't measure discrepancies within an economy, so GDP-per-capita does not distinguish between societies where there is a large gap between rich and poor, and a small one. Read more at www.guardian.co.uk

 

US Sleeping Giant in Solar

With enough solar-generating capacity in the American southwest alone to meet the nation’s electricity needs seven times over, the U.S. is the sleeping giant of the global solar industry.

Clipped from www.sungevity.com

Green Jobs

Home Solar creates green jobs.

One bright spot in the US economy over the past few years has been the growth in green jobs. In 2009, the solar industry created 17,000 new jobs in the USA alone. California, in particular, has seen much of this upside. According to Next 10, a non-partisan think tank, California has enjoyed 36% green job growth, compared to 13% overall job growth, since 1995. In 2007-08, green job growth in California grew by 5% while total jobs fell 1%. Read more at www.sungevity.com