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December 20, 2014 

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THIRD-WORLD COUNTRY: A country with a relatively low standard of living and which lacks the economic development of more advanced industrialized nations like the United States. Most third-world countries are in Africa, Asia, and South America and often rise to newsworthy prominence when they have a famine, are overthrown by a military dictator, or are invaded by a more developed country. They tend to have high rates of population growth and limited success in doing what's necessary to achieve economic growth.

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The AmosWEB GLOSS*arama is a searchable database of 2000 economic terms and concepts. GLOSS*arama entries range from A ("a" -- the vertical intercept of a straight line) to Z ("zoning" -- legal restrictions on the location of an activity).

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PEAK

The transition of a business-cycle expansion to a business-cycle contraction. The end of an expansion carries this descriptive term of peak, or the highest level of economic reached in recent times. A peak is one of two turning points. The other, the transition from contraction to expansion, is a trough. Turning points are important because they represent the transition from bad to good or good to bad.

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The Economics Of Dueling POLITICAL VIEWS

There seems to be a disturbance on the steps of the Shady Valley City Hall. Why it's the twins, Donna and Rhonda, engaged in yet another of their long-running, and overly heated, political arguments. Donna, you see, is a devoted Democrat and Rhonda is a rigid Republican. They haven't found much to agree on since, well, come to think of it they've never agreed on anything. In their current debate, Donna is making a strident case for stricter regulation of the banking industry and Rhonda is championing the virtues of free enterprise. I had better hitch up my jogging pants and intervene before their argument comes to blows -- again. While I do, let's ponder the source of differing political views.
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APLS

State of the ECONOMY

Personal Income
September 2014
$14,892.6 billion
Up 0.2% from August 2014

More Stats

BLUE PLACIDOLA
[What's This?]

Today, you are likely to spend a great deal of time at a flea market seeking to buy either a replacement battery for your pocket calculator or a how-to book on home remodeling. Be on the lookout for slow moving vehicles with darkened windows.
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This isn't me! What am I?

The average length of a "business lunch" is about 36 minutes.
"The greatest glory in living lies not in never falling, but in rising every time we fall. "

-- Nelson Mandela, statesman

AV
Actual Value
A PEDestrian's Guide
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