1st Quarter GDP Down 6.1%

Read more here, from the Wall Street Journal.

The Trillion Dollar Campaign

The Zimbabwean Newspaper, from Zimbabwe, is drawing attention to the dire situation in Zimbabwe with a Trillion dollar campaign.

From the Zimbabwean: "In Zimbabwe, the money is so worthless, that banknotes are cheap alternative to paper - meaning its cheaper to use the notes themselves for printing onto than buying the paper with the currency.. The Zimbabwean newspaper calls upon South Africans to “Fight The Regime That Crippled a Country”. The call to arms is written on worthless Zimbabwe bank notes… using billboards, wall posters and via direct mail to South Africa’s top corporate executives. The creative and eye-catching campaign has caused a stir on the streets of Johannesburg and has been reported by media around the world. One of the most eloquent symbols of Zimbabwe’s collapse is the Z$100 trillion dollar note, a symptom of its world record inflation. This note cannot buy anything, not even a loaf of bread and certainly not any advertising, but it can become the advertising - a powerful reminder about Zimbabwe’s plight and the need to hold someone accountable. The Mugabe regime has destroyed Zimbabwe. It has presided over the brutal oppression of the opposition, a cholera crisis, massive food shortages and the total collapse of the economy. Furthermore anyone brave enough to report this has been bullied, beaten and driven into exile. One such group is ‘The Zimbabwean newspaper.'"

I Know Some Call Economics The Dismal Science, But Seriously Mr. Summers...

Here is the President's Top Economics Advisor, Dr. Larry Summers, falling asleep today while the president speaks on the economy. Read more here.

Four Bears

State Job Losses Since The Recession Began

This is an interesting chart showing what states have lost the most jobs since the recession began. You can click on the map to go the the Wall Street Journal interactive activity.

A Quick Quiz of Past AP Econ Test Questions... From The N.Y. Times

Click here to take the quiz.

North Korea at Night

So as North Korea spends most of their resources on the military, there is obviously little left for everything else, like economic development and feeding their population.

Charting The Stock Market: Ups and Downs, Mostly Down

So is the market heading for a huge dip? Click on the picture to enlarge.

More Worthless Zimbabwe Paper

To Protest the massive hyperinflation, the the Zimbabwean Newspaper created an ad campaign featuring huge posters, wall murals, flyers, and even billboards all made out of trillions of Zimbabwean dollars. Check out the photos from the newspaper’s Flickr Photo Stream.

"The Mugabe regime has destroyed Zimbabwe. It has presided over the brutal oppression of the opposition, a cholera crises, massive food shortages and the total collapse of their economy. Furthermore anyone brave enough to report this has been bullied, beaten and driven into exile. One such group is ‘the Zimbabwean Newspaper’. However, not content with having hounded these journalists out, the regime has slapped an import ‘luxury’ duty of over 55% on them which makes the paper unaffordable for the average Zimbabwean. In order to subsidize the paper they need to sell it in England and South Africa, to raise the foreign currency. A unique campaign was devised to promote the paper to raise awareness and increase readership. One of the most eloquent symbols of Zimbabwe’s collapse is the Z$100 trillion dollar note, a symptom of their world record inflation. This note cannot buy anything, not even a loaf of bread and certainly not any advertising, but it can become the advertising, it can be a powerful reminder about Zimbabwe’s plight and the need to hold someone accountable. Link.

Every Breath You Take - The Fed

GDP By Country: G-20 Players

Click on the above picture for a neat interactive graphic of GDP, Debt, Inflation, and more for the G20 Countries.

There Is No Such Thing As 11,000 Free Pizzas.

That is, until some clever people found a "bailout code" and spread it on the internet, and it spread until 11,000 people bought them. Read here.