By the Blouin News Business staff

Monthly Archives: February 2013

U.S. GDP: pick a number, any number

by in U.S..
Containers at Port of Long Beach, California
U.S. GDP contracting or expanding; Photo Credit: AFP/Getty Images/Robyn Beck

Lies, damn lies and statistics. The advance reading of fourth-quarter U.S. GDP caused a shock when it was released on January 30. The reported contraction in the American economy of 0.1% at an annual rate caught almost every economist by surprise. And that, maybe, is because it never happened.

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Bolt sprints free of U.K. taxes

by in Europe.
Jamaican sprinter Usain Bolt
Tax-free gold: Photo Credit: Getty Images/Alexander Hassenstein

Her Majesty’s Revenue and Customs – the U.K. taxman to you and me – says that paying tax isn’t voluntary. The U.K. finance minister says, oh yes it is. Or at least it is if you are a sporting superstar. 

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