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added: 05-09-2007

Economic freedom in one country can spread to another and when neighboring countries implement simultaneous reforms to encourage economic freedom the impact is broader, according to the Economic Freedom of the World: 2007 Annual Report, released by the Cato Institute in conjunction with Canada's Fraser Institute.

Patent System Costs U.S. Economy $25.5 Billion Annually

added: 05-09-2007

Every year, the U.S. economy suffers a consumer welfare loss of an estimated $25.5 billion because current patent law deters productive research, imposes administrative costs, and encourages excessive litigation, according to a new Phoenix Center study. These deadweight losses amount to over $200 for each U.S. household and equal 8.5% of the country's annual spending for research and development.

DVR Sales Up, DVD Player Sales Down

added: 05-09-2007

DVD player unit sales fell to 124.8 million worldwide in 2006 from 126.4 million in 2005, according to In-Stat's "Next-Generation DVD Players and Recorders Worldwide" report.

Industrial Producer Prices Up by 0.3% in Both Euro Area and EU27 in July 2007

added: 04-09-2007

In July 2007 compared with June 2007, the industrial producer price index rose by 0.3% in the euro area (EA13). In July, EU27 prices also gained 0.3%. In June, prices increased by 0.1% in the euro area and by 0.2% in the EU27.

Euro Area GDP Up by 0.3% and EU27 Up by 0.5%

added: 04-09-2007

Euro area (EA13) GDP grew by 0.3% and EU27 GDP by 0.5% in the second quarter of 2007, compared with the previous quarter, according to first estimates released by Eurostat, the Statistical Office of the European Communities. In the first quarter of 2007, growth rates were +0.7% in both the euro area and the EU27.

Regulatory and Competition Reforms Critical to Ukraine’s Future Economic Growth - OECD Report

added: 04-09-2007

Sustaining Ukraine’s strong economic growth will require firm action to cut red tape and bring down barriers to competition, says a new OECD report. It adds that opening up markets to domestic as well as foreign entrants would boost productivity growth while public administration reform and a stronger legal system are needed to improve the business climate and tackle corruption.

National Tax Limitation President Urges No Bailout for Real Estate Lenders and Investors

added: 04-09-2007

Lewis Uhler, President of the National Tax Limitation Committee, today criticized proposals to bail out the so-called "subprime" lending industry. With potential losses hitting $100 billion, he said "Borrowers, lenders, and investors must be held responsible for their own mistakes."

Greater Transparency in APEC Trade Worth Billions

added: 04-09-2007

Australia's Minister for Trade, Warren Truss, released a report which indicates that potential trade gains from more transparent and predictable trade regulations among APEC economies would be worth approximately US$148 billion to the region.

Annual inflation in the OECD area eased to 2.0% year-on-year in July 2007

added: 04-09-2007

Consumer price inflation in the OECD area fell to 2.0% in the year to July 2007 from 2.2% in the year to June 2007. On a monthly basis, the price level remained stable in July after a 0.1% increase between May and June 2007.

Putting the Spotlight on Barriers to Investment in the APEC Region

added: 04-09-2007

Australian Minister for Trade, Warren Truss, released a report on investment in member economies of the APEC region.

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