American Economy

Business Week on why the economy is a lot stronger than you think. “…the Bureau of Economic Analysis [doesn’t] count what Apple spends on R&D and brand development, which totaled at least $800 million in 2005. Rather, they count each iPod twice: when it arrives from China, and when it sells. That, in effect, reduces Apple – one of the world’s greatest innovators – to a reseller of imported goods.” and completely changes what statistics say about our economy.