Make us your home page

Business letters to the editor

Statistics show that per capita GDP is at its highest level ever | Nov. 24

Think twice about GDP as indicator

In the Nov. 24 Business section, there was a statement by U.S. Rep. Jan Schakowsky, D-Ill., that the United States "has never been richer, if you look at per capita GDP."

Economist John Williams, in Shadow Government Statistics, has stated, "Upward growth biases built into GDP modeling since the early 1980s, however, has rendered this important series nearly worthless as an indicator of economic activity. … The reported formal post-2009 economic recovery in headline GDP is a canard. The GDP continues to be the most meaningless of the major economic series published by the U.S. government."

He explains this by stating that the true measurements of inflation in the United States have been seriously underreported by U.S. governmental agencies for decades, compounding the original errors of computation. This has had the effect of spuriously elevating reported GDP by the media.

Rep. Schakowsky, and many others, are honestly mistaken here.

Dr. Lincoln Wildner, Dunedin

Boomers shift gears with career | Nov. 24

Thanks for focus on entrepreneurs

Thanks to Marie Stempinski's Special to the Times, "Boomers shift gears with career" for shining a spotlight on successful bay area encore entrepreneurs. It's refreshing to see so many seasoned professionals embrace new challenges and pursue their dreams.

Americans over 50 are staying in the workforce longer, by choice for some and out of necessity for others. Millions of older workers are now self-employed or looking to launch their own small businesses. Discover your "what's next," with easy access to tools and resources, online at AARP's and through local AARP-sponsored events, including an Entrepreneurs Workshop hosted by Eckerd College on Thursday and an Encore Tampa Bay "What's Next" Workshop Dec. 9. For more information, call (727) 592-8008.

Michelle Cyr, associate state director for advocacy for AARP Florida

share your opinions

MAIL: Business News Letters, P.O. Box 1121,

St. Petersburg, FL 33731

FAX: (727) 893-8939

E-MAIL: biznews@ (Please

use the word "Letter" in

the subject field.)

WEB: (Choose the

"Business" option.)

Business letters to the editor 11/29/13 [Last modified: Friday, November 29, 2013 5:49pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Toxic' times: How repeal of Florida's tax on services reverberates, 30 years later

    State Roundup

    TALLAHASSEE — Long before Hurricane Irma attacked Florida, the state faced a troubled fiscal future that the storm will only make worse.

    Robertson says the tax debate is now “toxic.”
  2. Fewer Tampa Bay homeowners are underwater on their mortgages

    Real Estate

    The percentage of Tampa Bay homeowners underwater on their mortgages continues to drop. In the second quarter of this year, 10.2 percent of borrowers had negative equity compared to nearly 15 percent in the same period a year ago, CoreLogic reported Thursday. Nationally, 5.4 percent of all mortgaged homes were …

    The percentage of Tampa Bay homeowners underwater on their mortgages  continues to drop. [Times file photo]
  3. 'What Happened'? Clinton memoir sold 300,000 copies in first week


    Despite being met with decidedly mixed reviews, What Happened, Hillary Clinton's new memoir about the 2016 presidential campaign, sold a whopping 300,000 copies in its first week.

    The new memoir by former presidential candidate Hillary Clinton sold 300,000 copies in its first week.
  4. After Irma topples tree, home sale may be gone with the wind

    Real Estate

    ST. PETERSBURG — To house hunters searching online, the home for sale in St. Petersburg's Shore Acres neighborhood couldn't have looked more appealing — fully renovated and shaded by the leafy canopy of a magnificent ficus benjamini tree.

    Hurricane Irma's winds recently blew over a large ficus tree, left, in the yard of a home at 3601Alabama Ave NE, right, in Shore Acres which is owned by Brett Schroder who is trying to sell the house.
[SCOTT KEELER   |   Times]

  5. Unemployment claims double in Florida after Hurricane Irma


    The number of Americans seeking unemployment benefits dropped by 23,000 last week to 259,000 as the economic impact of Hurricane Harvey began to fade.

    Homes destroyed by Hurricane Irma on Big Pine Key last week. Hurricane Irma continued to have an impact on the job market in Florida, where unemployment claims more than doubled from the previous week.
[The New York Times file photo]