can we compare national figures over time to determine if our economy is making progress? u.s. omic growth-- what is the gross national product? with economic analyst richard gill, we'll explore that question on this edition of economics usa. i'm david schoumacher. these computer tapes at the bureau of economic analysis in washington document 50 years of america's economic growth. they provide access to the accounting system known as gnp. when the united states faced its worst economic crisis, the great depression, no such measuring tool existed, until this report went to the senate. copies of national income, 1929-1932 are scarce today, but back in 1934, it was very popular. 4,500 copies were sold in 8 months. the report was made by a team from the department of commerce when congress demanded more information. what was the great depression costing the american economy? led in part by the auto industry, the economy grew rapidly in the 1920s, generating more jobs, more income, and more free time. as long as the factories were humming, there was little concern about how well the

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infrastructure is a critical component of our nation's economy and quality of life. infrastructure is fundamental to connect people and communities. it is a critical building block for our economy. in 2011 alone, u.s. transportation system moved 17.6 billion of goods -- tons of goods valued at almost $17 trillion. however as the chair suggested just last week, cbo came out with the updated projections for the highway trust fund. that trust fund is accelerating toward bankruptcy faster than anticipated. action must be taken before the end of the fiscal year to avoid what the chair described as a nearly 100% drop in new federal funds in fy 15. the economic impact of such a drop would resonate far beyond the lack of direct investment into our infrastructure. in action would drastically disrupt the supply chain, efficiency, and cost of movement of goods and our overall competitiveness. the highway trust fund was intended to not only facilitate the unique characteristics of funding transportation but also to provide funding safeguards for the highest priority projects. pu

we're one-third of the national economy then, we're still one-third national income per capita today.ave to try something different. in puerto rico in 2012 said they no longer consented to be governed under the present relationship, and for those who chose for a change chose statehood and equality. i think right now the first thing that happens to happen is that the governor has to get everybody together in puerto rico. get all the minds great together, the leaders of the political parties there, with two constraints, what the constitution said and what the people said, and come up with inside and solutions that will be compatible with the constitution, will not violate the state constitution, and will not violate the people's mandate in november of 2012. >> as is clear from his answer keneth mcclintock is a member of the party that historically supported statehood for puerto rico. professor, let me go to you. he talked about temporary taxing status, and i'm wondering if a world of more mobile capital made it easier to invest in and take it out of puerto rico when things changed. it u

i want to thank you for speaking about an issue that is critical to our fight to restore the nation's economy, solving our nation's health care crisis. is no prescription or role model or cookbook for being first lady. the future is created every day. the feature is not something out there waiting to happen to us. the future is something that we make. believe thatnd i there is a good possibility that some time in the next 20 years we will have a woman president. >> hillary clinton logged many

now worries the nation's economy w suit.>">" have a great day, everybody. . >> digging out and about snowed in again. each time we are seeing businesses close, fghts grounded, workers stuck at home. now, worries the economy, itself, may get stuck. the total costs of the winter blast is expected to reach up for the $40 billion bucks. tracy, coiled all of this cloud the economy? >> look the economy right now is trying to plow itself out of this assessment. atnta is shot for a while until they figure this out. all the cost tase are incuring because of mother nature. mail is not coming. restaurants are closed. to one is making money in this kind of weather except maybe maybe the guys that keep shoveling out my driveway an pushing it behindthe rage and i can't getout. other than that, there is not a lot of people working. th can't be easy for people trying to dick themselves out of a recession. >> gary b. it's not as if t economy was chuging back at a growth rate, as tracy was saying, we are barely out of a recession. >> the current administration will say look at all those shovel-rdy jobs

a kenyan and i too often you into nations economy and the boat it just goes to the proceedings. who describes himself as a cricket stump which is double ot appointment coming in and he made to employees. in the new kit statement he said he was focused on complicity to win any oscars and innovation. i know. they did the binding full of mist motorized audience clapped and cheered that it needed to make beats of music awards function hosted the fun is fun and learned all the men in them sticking a finger. it was in the pot after this guy's argues that the cia could it be that he had to fulfill its function hosted by lunchtime on tuesday and flew off to the institute of india. chop a good show. it's not just an addition. issued at twelve i think the more sheets include golf also noted that the province the mount of god and sing cuz i'll be done to my seat and continued the parties may differ from intense. lol yep kentucky appreciating elements. you're given awards are given to people the chance that you can get together with all the actors all this heat is on that the comments to ge

those actions are what really contributed to a negative drag on the national economy in the earlier years that you referred to. now that they don't have to do that. we think they may add back to employed levels and more spending for education, targeted investments. >> they'll want to be careful. when a state had to cut back on service, it laid off people. often they are recipients of state money. is there going to be a strategic way to look at how they apply this money. are they going to be careful about hiring people back, or do you think this will result in mire employment? >> i think they will be careful. most of the states have ratings in the higher categories. most are approaching the situation cautionly. if you a -- koushously. if you adjust for inflation, they haven't returned to spending levels. they'll be cautious about that and they'll continue to do that. pressures are increasing. there's a lot more political pressure to add back to services cut in recent years. >> some people are used to it. the sequiming pool -- swimming pool is not opened as much, garbage is not collected. s

making him i too often you into nations economy and the books that just goes in the proceedings who describes himself as a cricket stump which is double ot appointment coming in and he made to employees. in the new kid statement he said he was focused on the street to win any oscars and innovation. i know. they did the binding fall. miss motorized audience clapped and cheered it needed to make beats of music awards function hosted the fun is fun and learned all the men in them sticking a finger. it was in the pot. this guy's argues that the cia could it be that good. i've been to fulfil its function hosted by lunchtime on tuesday include cough. the institute of india chopped chilli was awed to back up and it's not just interested. issued at twelve i think of monty. also monday that the province. the mount of god you see there is an offbeat dunst to slice it and continue to argue that their performances. lol yep kentucky appreciating balance you're given awards are given to people the chance to actually come get together with all the actors all the singers all that the comments to get together

now worries the nation's economy that will really take a hit. ss k anytime, day or night. just like you can access geico . >> good morning, everyone, we are live from america's headquarters. at this hour, we are awaiting a verdict in florida's so-called loud music trial. jurors are entering their fourth day of deliberations deciding the fate of 47-year-old michael dunn who is charged with first degree murder in the shooting death of jordan davis. dunn claims he shot the teen in self-defense. prosecutors say he shot the young man in a heated argument over loud music. overseas, secretary of state john kerry arriving in indonesia for climb change talks. >> that visit a they after reaching a climate change deal with china, including reducing vehicle emissions an improving energy efficiency in buildings. officials here are hoping the pact will encourage other nations in the developing world for the follow suit. have a great day, everybody. . >> digging out and about to be snowed in again. each time we are seeing businesses close, flights grounded, workers stuck at home. now, wo

there is dependence of nnpc in the national economy. attention is on it.he slightest mistake you make is blown out of proportion. nigeria is one of the largest oil producers. oil accounts for 80% of revenue. as little as 1% of nigerians benefit. he was respected as a reformist. this time it seems he probed the oil sector, hitting too close to home. despite repeated requests nobody from the government or the president's office were prepared to talk to us about the removal of the central bank governor. this will make nigerians more suspicious. >> syrian activists say hundreds of people have been killed in air strikes targetting rebel areas. barrel bombs were dropped in deraa. two people at least were killed. other cities have been targeted as the government attempts to be captured by the area. >> the syrian government admitted a plan. it's been put forward at a meeting for the prohibition of weapons and the u.n. in the hague. 11% of its arsenal was behind schedule. >> syria has missed two deadlines, the most poisonous was supposed to be surrendered by the 31

even today's jobs, emerging jobs in our nations economy, and be able to help our citizens gain access to a middle-class life and the american dream. provide ouro students and citizens of our current workforce with the opportunities to be able to successfully navigate to that post secondary education, we are going to limit our own people possibility to be able to achieve their potential and have a higher standard of living, which is important to all governors. through the america works program and the initiative, we have identified a set of actions that governors can take that will improve their educational attainment levels of their citizens, and help realign their education systems, and also be able to help employers meet their demands for the jobs skills that they need. there are four policy components we have outlined in our america works program to help governors improve and better align their state education training program that will help not only our employees, help our students, but also provide results for the industry that demand a talented, educated workforce. first of all,

even today's jobs, emerging jobs in our nations economy, and be able to help our citizens gain access to a middle-class life and the american dream. provide ouro students and citizens of our current workforce with the opportunities to be able to successfully navigate to that post secondary education, we are going to limit our own people possibility to be able to achieve their potential and have a higher standard of living, which is important to all governors. through the america works program and the initiative, we have identified a set of actions that governors can take that will improve their educational attainment levels of their citizens, and help realign their education systems, and also be able to help employers meet their demands for the jobs skills that they need. there are four policy components we have outlined in our america works program to help governors improve and better align their state education training program that will help not only our employees, help our students, but also provide results for the industry that demand a talented, educated workforce. first of all,

infrastructure is a vertical component of our nation's economy and our quality of life. firstclass infrastructure is fundamental to connect people and communities and it's a critical building block for our economy. in 2011 alone he was transportation system moved 17 points 6 billion tons of goods, valued at almost $17 trillion. however, as the chair suggested just last week, cbot met with their outdated projection for the highway trust fund, and that trust fund accelerated towards bankruptcy fast than anticipated. action must be taken before the end of the fiscal year to avoid with the chair described a nearly 100% drop in new federal funds in fy '15. the economic impact of such a drop would resonate far beyond the lack of direct investment into our infrastructure. inaction would drastically disrupt the project delivery supply chain, the efficiency and cost of movement of our goods, and our overall competitiveness. the highway trust fund was intended to not only facilitate the unique characteristics of funding transportation infrastructure, but also to provide funding sa

. >> reporter: in thailand, casting a shadow over the nation's economy. the country has openly praised one of the students in the developing asian region for its economic role but analysts are now starting to worry about economic damage. >> translator: some companies are already postponing their investments, or shrinking production. and now the government is being blocked from implementing the budget, which is hurting the economy. >> reporter: thailand's economy largely depends on foreign investment. recent moves by japanese firms, especially drawing attention. last year, they accounted for about 60% of foreign direct investment. japanese auto and electronics manufacturers have been operating in the country for decades. the managers have put thailand as the main production base in the region. but recently, that has begun to change with a plan they call thai plus one. japanese companies have been moving some of their production lines to neighboring cambodia and laos. rising wages for thai workers is one of the main drivers of this move. thai government lea

the monthly report kept its economic assessment unchanged from january's report, saying the nation's economy is recovering at a moderate pace. it says private consumption is increasing, backed by strong sales of cars and home appliances. ahead of the consumption tax hike. the report upgraded the assessment of exports from n a weak tone to flat noting growth in auto shipments. japanese consumers are spending more at department stores ahead of the consumption tax hike. sales rose in january for a third straight month, compared with the previous year. the japan department stores association says sales at 242 outlets nationwide were up more than 2% last month, to about $5.5 billion. demand for big ticket items such as fine art and jewelry rose more than 21% amid an economic recovery. strong sales of furniture, men's clothes, and cosmetics were another factor. shopping by foreign visitors also boosted the sales. an association official says that sales in february and march may be higher than a year ago, as demand is likely to surge just before the tax hike. >> >> u.s. treasury secretary jack lew

increase taxes, and those actions are what really contradicted to the sort of negative drag on the national economy in the early years that you referred to. so now that they don't have to do that, we think that they may begin adding back to employment levels and as the piece referred to, more spending for education, and some targeted investments in infrastructure. >> they want to be careful because when a state had to cut back on services, it laid off people. laid off people don't pay taxes and are often recipients of state money, and is there a strategic way to look at how states apply this money? maybe they want infrastructure because it lasts a long time and takes them through the recession. are they going to be careful about hiring people back or does this result in unemployment? >> i think that generally, they will be careful because most of our states are in the higher categories. when we assign our bond categories, they project going forward. and most of them are approaching this situation very cautiously. if you adjust for inflation, they haven't returned to spending levels that they were a

therefore the revision of that she knew it was necessary to protect the national economy. it went but at the shops in the valuation is always a chance for the development of domestic producers and thus the replenishment of the budget is also a possibility for increasing the number of jobs in reducing inflation in the medium term it seems that this is the intention of the national bank. keep your ear. it isn't working if he is measuring it the employer rate increase broke another record the results of last government statistical study showed that in november of last year the employment rate in the country recent twenty percent unemployment among young people is even higher sixty one percent twenty five your critics are unemployed at the moment this is the worst rate among all countries of the european union at the beginning of the economic crisis which was six years ago unemployment did not exceed twelve percent nevertheless agree government hopes the situation will improve this year it is assumed that the growth of the greek economy reached slightly more than half a percen

three deputies set of three hundred voted for the budget and according to the adopted budget the national economy is to grow by zero point six percent in two thousand and two percent of group has predicted after the prolonged recession that started in two thousand and eight according to the government's estimates based on the end of the year itself creases gdp will decrease by four percent according to the west side of the repeated scene police lifted into the summer drink to help the disabled following the resignation of the prime minister of the same time be telling government by reaching the streets to stable from negative as it was reported earlier the title president for whom the police hadn't accepted the resignation of prime minister and nicholas well production was reduced by ninety six percent since the beginning of the civil war in two thousand of evidence here in the dc france presse reports currently armed opposition controls most goldfields syria produces fourteen thousand barrels of oil every day. this figure stood at two hundred and eighty five thousand barrels before the start of

the most mentally providing a gradual improvement in the wealth of our people in developing national economy. recent events have shown that in the vigil which is in effect the situation the country the general prosecutor's office. what about the person who spread the misleading information. bobo. for more work. arrested him for twenty days and initiated a criminal case. it will work. if you work at a bank yet he worked in the bank now he is not working anymore. he spread this information among his friends. the distinctive high estimates to the implementation of the national security strategy out of the strategy will be amended taken into consideration the new challenges. for the store's owner offers cruises with a second evaluation in nineteen ninety eight because of the economic crisis and seven eastern countries. we are affected by global changes we found a way out of the crisis we face big challenges in two thousand and one survivor things are reserves. i want to say that we take every population in the country's development misfortune to cross. expo two thousand seventeen is getting clos

so it's no surprise that the weather is now expected to pound the national economy. bone-chilling cold and wide-spread snow is likely a major culprit in the recent economic weakness. that's turned janet yellen this week, the nation's new chief of the federal reserve into something of a meteorologist. >> there were weather factors. we've had unseasonably cold, temperatures that may be affecting economic activity in the job market and elsewhere. >> reporter: if it feelings like there's more snow this year you're absolutely right. last year at this time just 43% of the nation was covered with snow, and a lot of those areas were sparsely populated. this year, even before the big storm hits the northeast, 60% of the nation is covered in snow, and include both heavily populated areas and places like the south that almost never see snow, making the economic disruption that much worse. the ice and the snow in places like atlanta has workers staying home this time instead of slip sliding to the office. those are lost work hours for the economy. shoppers also stay away from th

that means a potential big impact on the nation's economy. winter of course is expected to be cold and snowy, but this year the numbers relative to normal have come in much higher in the case of snow and much lower in the case of temperatures. >> retail is going to be impacted. there will be fewer people out and about and spending money. it impacts the restaurant money. fewer people out and shopping. people basically are frozen in place. they're home, they're not going out, they're not spending money. and it just has an overall blanket on the economy. >> and what a blanket it's been. chicago's 58 inches so far puts the windy city on track for the fourth snowiest on record. new york headed for a top ten snow year. and detroit's 39 inches in january alone is a new record. meanwhile, some parts of the country have been colder than normal, and other parts much colder, especially in places where lots of people live. that means big effects in retail, especially autos and housing. that's not to mention tens of thousands of canceled flights. with tod

top the fifty first and foremost our intestines are in the projects on diversification of the national economy on the development of small and medium size businesses in regional projects. i'm sure that today's presentation was attracting new investors in kazakhstan but its capital be invested in the construction of infrastructure roads railways airports and expo two thousand seventeen objects. according to the russian economist destruction of bilateral trade between jelly beans and cost in the regions are undergoing some changes but it doesn't then ranked eleventh among the largest trading partners of its northern neighbor but by the end of last year the courage to ninth place within the last two years to trade turnover between the two countries increased by sixteen percent and according to various estimates the amount to more than twenty billion dollars global video game and it was a recently he was a region that was a consumer of our products. now we see the exports decline in our turnover. this was the consequence of the program which is being implemented by the president if previous hod of

central banking system that has lost its way now jim believes that the instability of our nation's economy increased once the fed began taking extreme measures to pump liquidity into the markets be a quantitative easing of course now in his eyes easy credit misguided market intervention were a huge source of what fueled the crisis in the first place now burst believes were trying to solve the problem by doing a lot of the same stuff that caused the problem in the first place never a good solution joining me once again to talk all things that is writer producer director jim burrows thank you so much for being here on the show now since we last spoke a lot a lot has happened at the fed most notably the passing of the torch from bracket to yellen who kicked off her first official week as fed chair woman this very week starting on monday but i want to ask you young has said that she doesn't see risk in the stock market right now do you think she's misguided in her current belief. you know i think it's typical of officials they never see the problems before hand you know the people that i liste

even today's jobs, emerging jobs in our nations economy, and be able to help our citizens gain access to a middle-class life and the american dream. if we fail to provide our students and citizens of our current workforce with the opportunities to be able to successfully navigate to that post secondary education, we are going to limit our own people possibility to be able to achieve their potential and have a higher standard of living, which is important to all governors. through the america works program and the initiative, we have identified a set of actions that governors can take that will improve their educational attainment levels of their citizens, and help realign their education systems, and also be able to help employers meet their demands for the jobs skills that they need. there are four policy components we have outlined in our america works program to help governors improve and better align their state education training program that will help not only our employees, help our students but also provide results for the industry that demand a talented, educated workforce. f

defeat the set of three hundred voted for the budget and according to the adopted budget the national economy is to grow by zero point six percent in two thousand for two per cent of group has predicted after the prolonged recession that started in two thousand and eight according to the government's estimates based on the end of the year itself creases gdp will decrease by four percent according to the west side of the repeated scene police lifted into the sovereign retail that is people following the resignation of prime minister of the same time be telling government by greeks who was chased to stable from negative as it was reported earlier the title president for whom the police hadn't accepted the resignation of prime minister and nicholas. well production was reduced by ninety six percent since the beginning of the civil war in two thousand of evidence here in the dc france presse reports currently armed opposition controls most goldfields syria produces fourteen thousand barrels of oil every day. this figure stood at two hundred and eighty five thousand barrels before the start of the

wrightson ukraine affected the national economy the dollar rose the country as the ukrainian her to know the value one dollars because i'd heard of him instead of the usual eight experts point out the price increase in gasoline and imported goods in addition the country that continues to grow up but that ended in a movie that isn't in him. typical of willingness to change in the retail market of petroleum products over the past week prices increased by one point five percent. i think that we still face higher fuel prices before the open where you wipe up the posting of them the pope knew of. experts agree that the rights to detail sad consequences if the government and opposition did not reach a compromise the economy can significantly weakened. according to alexander second goal. now there is a threat of decline in the ukrainian banking sector. but he did nobody will do for you to visit them the week to read him fell by ten percent which is the largest decline since the global financial crisis the country takes more money in all these factors have a negative impact on having a mind and

that is one- sixth of our national economy and it is a disaster and people are now feeling. it those people who are now running ads trying to distance themselves from the president. they can run but they can't hide. they voted for obama care. and they will have their feet put to the fire. the promises made by the president were promises made poi them. >> chris, i don't think you will run away from the comment. you either go on offense or you are dead? >> the reality is, if you support it in the past and try to play cute about it, you will get slaughtered. and the white house and bad roll out put democrats in difficult position absolutely that goes without saying. but you have to go out and emphasize the positives in terms of the health care law. if you play defense you will be in their corner. >> but you are defending it all of the time. every day and that has to get tiring. >> yeah, it is a lot of fun to defend a law that should have been implemented a lot better. it is great to give republicans like brad the fodder to hit you over the head with and that is enjoyable? but e

promoted within the communist party for the amount of growth they traditionally provide to the national economye 31add up all provinces and regions, their numbers are much more inflated national bureau of statistics numbers. for the first time we got a slower pace of growth from the of thed reporting provinces. >> they said they narrowed the pretty big.s still let's look at the comparisons. the national numbers, this is nominal gdp growth. 56.88 trillion renminbi is the national figure. let's look at the comparisons. 56 point eight 8 trillion renminbi, that is 9.4 trillion u.s. dollars nominal gdp. the provinces reported a point 9 trillion yuan. 10 point $4 trillion. a difference of $1 trillion, more than the entire economy of indonesia. the gap of growth is narrowing. the 2013 gap between the two was 10.7%. in 2012 it was 11%. it is shrinking a little bit, but the pace of growth, 9.2% compared to 9.5%. i know i probably confused you. >> we talked about it for. it's a bit of a hangover from the cultural revolution. i know what you are saying one local authorities are producing so much more when

there's a way to dit that doesn't disrupt the entire health care system of one sixth of the nation's economylou: s sure to turn huckabee in fox business at 8:00 p.m. on sundays. coming up next, this photo was tweete and he got a response back. why did you leave before my sppech? just curous up next, te president unveiling aplan aimed at helng young african-americans. we have two guests joining us and what will be t effect of in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zoneses across new york state. move here. expand here. or start a new busiss here... and pay taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. findut if your business can qualify at start-upny.com out for drinks, eats. i have very well fittg dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free kes the seeds fr getting up unrneath. even well-fitting dentures let in food particles. super po

i could put plug-in right now than we would like to get funded this includes our national economy and federal government. .. economy to the federal government but also for all of our communities. it's also a matter graham bierman and we have heard that many times before. modernizing our transportation system we provide a much more efficient wy

there's a way to do it that doesn't disrupt the entire health care system of one sixth of the nation's economyu: is sure to turn huckabee in fox business at 8:00 p.m. on sundays. coming up next, this photo was tweeted and he got a response back. why did you leave before my sppech? just curious up next, the president unveiling a plan aimed at helping young african-americans. we have two guests joining us and what will be the effect of it all. we have that next. lou: california's devastating drought pushing cattle futures to a new record as ranchers struggle to push the nation's cattle herd from what is now a 63 year low. the severity of this drought is obvious in these pictures of northern california's lake. on the left, the lake at 97% capacity. on the right, 17% capacity just last month. joining us is the a-team. juan williams. great to have you with us. former white house political director, matt. let's start with the obama initiative my brother's keeper. are you impressed? >> i am. i think this is exactly what you should doing. the question should be asked why didn't you do it earlier to wh

, but these are how we make decisions about something that could have an impact on america's national economyur national interest. and now transcanada, company trying to build the poip line is saying this. we are disappointed and disagree with the discussion and analyze the judgment and decide what next steps may be taken. transcanada believes strongly in key stone exhil. and the thousands of jobs and sploi crowd oil from a trusted neighbor in canada. >> skaury stuff. and the latest home land security bulletin warning airlines about shoe bombs and why now. >> and is the white house lowering expectations when it comes to obama care? the surprising shift from about the sign up numbers and we'll debate that. >> i think success locks like at least 7 million people having signed up by the end of march 2014. okay, listen up! i'm re-workin' the menu. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition inharge™. i've got a nice long life