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POPSEconomists Search for New Definition of Well-Being
"GDP has increasingly become used as a measure of societal well-being and changes in the structure of the economy and our society have made it an increasingly poor one," Stiglitz told the news agency Bloomberg in a recent interview. "So many things that are important to individuals are not included in GDP." In the model they unveiled last week in Paris, the academics recommend including other factors, such as sustainability and education. Significant Shortcomings Even the inventor of the gross domestic product measure, the late Russian-American economist Simon Kuznets, was aware that the classic method of computing GDP had significant shortcomings. "The welfare of a nation can scarcely be inferred from a measure of national income," he said in 1934. This is because the growth rate says nothing about the distribution of wealth in a country, the state of health of its citizens or their life expectancy. The number provides no information about the cleanliness of rivers or the amo
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POPSFishing Cat Would Rather be Fishing in Sri Lanka
According to wikipidiot: "The Fishing Cat (Prionailurus viverrinus) is a medium-sized cat whose disjunct global range extends from eastern Pakistan through portions of India, Nepal and Sri Lanka, throughout Bangladesh and Mainland Southeast Asia to Sumatra and Java. Its fur has an olive-grey color with dark spots arranged stripe-like running along the length of the body. The face has a distinctly flat-nosed appearance. The size varies between locations. While Indian specimens grow to 80 cm (32 in) plus 30 cm (12 in) tail, Indonesian fishing cats only reach 65 cm (26 in) plus 25 cm (10 in) tail. Indian individuals weigh up to 11.7 kg (26 lbs), while in Indonesia adult fishing cats weigh in at up to approximately 6 kg (13 lbs). They are stocky of build with medium short legs, and a short muscular tail of one half to one third of the length of the rest of the animal. Like its closest relative, the Leopard Cat, the Fishing Cat lives along rivers, brooks and mangrove swamps.