National Income and Product Accounts
Gross Domestic Product, 4th quarter and annual 2012 (second estimate)
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 0.1 percent in the fourth quarter of 2012
(that is, from the third quarter to the fourth quarter), according to the "second" estimate released by the
Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.
The GDP estimate released today is based on more complete source data than were available for
the "advance" estimate issued last month. In the advance estimate, real GDP declined 0.1 percent. The
upward revision to the percent change in real GDP is smaller than the average revision from the advance
to second estimate of 0.5 percentage point. While today’s release has revised the direction of change in
real GDP, the general picture of the economy for the fourth quarter remains largely the same as what
was presented last month (for more information, see "Revisions" on page 3).
The increase in real GDP in the fourth quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), nonresidential fixed investment, and residential fixed
investment that were partly offset by negative contributions from private inventory investment, federal
government spending, exports, and state and local government spending. Imports, which are a
subtraction in the calculation of GDP, decreased.
The deceleration in real GDP in the fourth quarter primarily reflected downturns in private
inventory investment, in federal government spending, in exports, and in state and local government
spending that were partly offset by an upturn in nonresidential fixed investment, a larger decrease in
imports, and an acceleration in PCE.
FOOTNOTE. Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified. Quarter-to-quarter dollar changes are differences between these published estimates. Percent
changes are calculated from unrounded data and are annualized. "Real" estimates are in chained (2005)
dollars. Price indexes are chain-type measures.
This news release is available on BEA’s Web site along with the Technical Note and Highlights
related to this release. For information on revisions, see "Revisions to GDP, GDI, and Their Major
Final sales of computers added 0.10 percentage point to the fourth-quarter change in real GDP
after adding 0.11 percentage point to the third-quarter change. Motor vehicle output added 0.19
percentage point to the fourth-quarter change in real GDP after subtracting 0.25 percentage point from
the third-quarter change.
The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.5 percent in the fourth quarter, 0.2 percentage point more than in the advance estimate; this
index increased 1.4 percent in the third quarter. Excluding food and energy prices, the price index for
gross domestic purchases increased 1.1 percent in the fourth quarter, compared with an increase of 1.2
percent in the third.
Real personal consumption expenditures increased 2.1 percent in the fourth quarter, compared
with an increase of 1.6 percent in the third. Durable goods increased 13.8 percent, compared with an
increase of 8.9 percent. Nondurable goods increased 0.1 percent, compared with an increase of 1.2
percent. Services increased 0.9 percent, compared with an increase of 0.6 percent.
Real nonresidential fixed investment increased 9.7 percent in the fourth quarter, in contrast to a
decrease of 1.8 percent in the third. Nonresidential structures increased 5.8 percent; it was unchanged in
the third quarter. Equipment and software increased 11.3 percent in the fourth quarter, in contrast to a
decrease of 2.6 percent in the third. Real residential fixed investment increased 17.5 percent, compared
with an increase of 13.5 percent.
Real exports of goods and services decreased 3.9 percent in the fourth quarter, in contrast to an
increase of 1.9 percent in the third. Real imports of goods and services decreased 4.5 percent, compared
with a decrease of 0.6 percent.
Real federal government consumption expenditures and gross investment decreased 14.8 percent
in the fourth quarter, in contrast to an increase of 9.5 percent in the third. National defense decreased
22.0 percent, in contrast to an increase of 12.9 percent. Nondefense increased 1.8 percent, compared
with an increase of 3.0 percent. Real state and local government consumption expenditures and gross
investment decreased 1.3 percent, in contrast to an increase of 0.3 percent.
The change in real private inventories subtracted 1.55 percentage points from the fourth-quarter
change in real GDP, after adding 0.73 percentage point to the third-quarter change. Private businesses
increased inventories $12.0 billion in the fourth quarter, following increases of $60.3 billion in the third
and $41.4 billion in the second.
Real final sales of domestic product -- GDP less change in private inventories -- increased 1.7
percent in the fourth quarter, compared with an increase of 2.4 percent in the third.
Gross domestic purchases
Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- decreased 0.1 percent in the fourth quarter, in contrast to an increase of 2.6 percent in the
Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
1.0 percent, or $40.2 billion, in the fourth quarter to a level of $15,851.2 billion. In the third quarter,
current-dollar GDP increased 5.9 percent, or $225.4 billion.
The "second" estimate of the fourth-quarter percent change in GDP is 0.2 percentage point, or
$9.2 billion, more than the advance estimate issued last month, primarily reflecting an upward revision
to exports, a downward revision to imports, and an upward revision to nonresidential fixed investment
that were partly offset by a downward revision to private inventory investment.
Advance Estimate Second Estimate
(Percent change from preceding quarter)
Real GDP....................................... -0.1 0.1
Current-dollar GDP............................. 0.5 1.0
Gross domestic purchases price index........... 1.3 1.5
Real GDP increased 2.2 percent in 2012 (that is, from the 2011 annual level to the 2012 annual
level), compared with an increase of 1.8 percent in 2011.
The increase in real GDP in 2012 primarily reflected positive contributions from personal
consumption expenditures (PCE), nonresidential fixed investment, exports, residential fixed investment,
and private inventory investment that were partly offset by negative contributions from federal
government spending and from state and local government spending. Imports, which are a subtraction in
the calculation of GDP, increased.
The acceleration in real GDP in 2012 primarily reflected a deceleration in imports, upturns in
residential fixed investment and in private inventory investment and smaller decreases in state and local
government spending and in federal government spending that were partly offset by decelerations in
PCE, exports, and nonresidential fixed investment.
The price index for gross domestic purchases increased 1.7 percent in 2012, compared with an
increase of 2.5 percent in 2011.
Current-dollar GDP increased 4.0 percent, or $605.8 billion, in 2012 to a level of $15,681.5
billion, compared with an increase of 4.0 percent, or $576.8 billion, in 2011.
During 2012 (that is, measured from the fourth quarter of 2011 to the fourth quarter of 2012),
real GDP increased 1.6 percent. Real GDP increased 2.0 percent during 2011. The price index for gross
domestic purchases increased 1.5 percent during 2012, compared with an increase of 2.5 percent during
* * *
BEA's national, international, regional, and industry estimates; the Survey of Current Business;
and BEA news releases are available without charge on BEA's Web site at www.bea.gov. By visiting
the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.
* * *
Next release -- March 28, 2013 at 8:30 A.M. EDT for:
Gross Domestic Product: Fourth Quarter and Annual 2012 (Third Estimate)
Corporate Profits: Fourth Quarter and Annual 2012
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9/11 anniversary terror threat update
Boogeyman coming – NY, Washington tighten security – YouTube HD
Robert Riggs Reports from FBI HMRU on the threat of terrorist using a Dirty Bomb
A New 9-11 Terror Plot In NY & DC: U.S. Authorities Investigating
N.Y., D.C. on Alert Amid Possible Threat Timed to 9/11 Anniversary
New York and Washington on alert after terror threat to the US
Police in NY DC on alert over terror threat [NBC 9-09-2011]
Amid New Threat, N.Y. ‘Almost Looks Like Attack Has Already Happened’
NYC BRACES FOR 9/11/11 ATTACK !
False Flag Nuclear Attack Imminent? 2011
Osama Bin Laden Media Psyop Sets The Stage For False Flag Terror & or Martial Law
CATEX News September 9, 2011: Terror alert NYC and Washington DC, Nate & Maria Tropical storms
BREAKING NEWS – Bomb Terror Threat to New York City – 9/8/2011 3/3 Mayor Bloomberg speaks NYC
Manhattan Project: Dirty-Bomb surveillance system unveiled in New York
NYC DIRTY BOMB TERRORIST DRILL
New York Dirty Bomb Drill FALSE FLAG ?
Official says Libya may have dirty bomb components
How Tough Is it to Build a Dirty Bomb?
CNN: Inside NYPD dirty bomb detection
CNN: Surviving a ‘dirty bomb’
Lieven on nuclear summit: ‘Dirty bomb’ is biggest threat
Depleted Uranium – The Ultimate Dirty Bomb
Pt 1/2 – Gerald Celente – Biological Warfare – Dirty Bombs – WMDs – Next World War – 30/3/2011
Pt 2/2 – Gerald Celente – Biological Warfare – Dirty Bombs – WMDs – Next World War – 30/3/2011
Gerald Celente’s Top Predictions for 2011
Overthrow OBAMA CIA, MOSSAD False Flag US made dirty bomb on its way
Sources: Authorities Concerned About Possible Dirty Bomb, Times Square Strike
Say Al Qaeda Eager To Hit Where They Failed, Just Like 9/11 Following 1993
“…Terrorism is theater and this is the stage,” NYPD Commissioner Ray Kelly said. “This is right now probably the world’s biggest stage. “
There was a lot of security you could see Friday in the Big Apple, especially in Times Square, because, as sources told Kramer, the intelligence includes information that al Qaeda wants to finish the job that started with Faisal Shahzad’s failed car bomb attempt in May 2010.
Top security officials told Kramer this is the al Qaeda way. Their 1993 attempt to topple the World Trade Center failed, so they came back again on 9/11. Shahzad’s car bomb fizzled, so now they want to try again.
But that’s only half of the problem. Officials are worried that this time it could be a dirty bomb.
“We have to think about a dirty bomb, where you take radiological material and mix it with conventional explosives,” Kelly said.
Kramer recently talked exclusively with Kelly about the possibility of a dirty bomb, but now sources said the classroom drills might have to be put into practice. Intelligence sources said the terrorists could be trying to make a dirty bomb this time my mixing radiological isotopes with an explosive device.
That’s why the NYPD is deploying all kinds of radiation detectors, panel trucks with sophisticated instruments. On Friday, cops had personal radiation detectors on their belts, and radiation detectors are being used by police within a 50-mile radius of New York City — in New Jersey, Connecticut, and Pennsylvania and on Long Island. …”
Dirty Bomb Feared in Alleged NYC Terrorist Plot
Saturday, 10 Sep 2011 09:18 AM
By Amy Woods
Read more on Newsmax.com: Dirty Bomb Feared in Alleged NYC Terrorist Plot
Important: Do You Support
Pres. Obama’s Re-Election? Vote
“…A plot by al-Qaida to attack America — specifically New York City — in the days
leading up to reported the 10th anniversary of the 9/11 tragedy has worsened.
Authorities believe the threat could involve a dirty bomb, according to CBSNew York.
The New York Police
Department tightened security Friday by setting up a series of checkpoints where
random vehicle stops were conducted. At times, traffic came to a
“Terrorism is theater, and this is the stage,” NYPD Commissioner Ray Kelly
said. “This is right now probably the world’s biggest stage.”
The dirty-bomb scare has dialed up the drama.
“We have to think about a dirty bomb, where you take radiological material and mix it with conventional
explosives,” Kelly said.
CBSNew York reported that intelligence sources are concerned the terrorists — three suspects are being sought, including one
American — have concocted a device containing both radiological and explosive
Read more on Newsmax.com: Dirty Bomb Feared in Alleged NYC Terrorist Plot
Background Articles and Videos
Preparing for Radiological Population Monitoring and Decontamination
Radiological and Nuclear Disaster Preparedness
White House takes possible terror threat seriously
“…The Obama administration is taking serious the still unconfirmed intelligence tip
of a possible al-Qaida plot tied to the 10th anniversary of the Sept. 11
terrorist attacks, counterterrorism adviser John Brennan said Sunday.
The threat reported to authorities Wednesday night remains “specific and
credible,” Brennan said during interviews with “Fox News Sunday” and
CBS’ “Face the Nation.”
“Again, it’s not confirmed, but the president wants to make sure that we leave no stone
unturned,” he said. “And that’s what the intelligence, law enforcement
and homeland security communities are doing.”
Investigators have chased a tip that al-Qaida may have sent three men to the U.S. on a
mission to detonate a car bomb in either Washington or New York. But
officials have said they’ve found no evidence al-Qaida has sneaked
anyone into the country.
Brennan said officials are “looking at travel data, other types of pieces of
information and trying to correlate them against that reporting that has
“It’s not confirmed but we are not relaxing at all,” he said. “This is a 24/7, round-the-clock effort by
all elements of the U.S. counterterrorism community both here in the
United States as well as abroad.” …”
New York City Steps Up Security In Light Of ‘Specific, Credible But Unconfirmed’ Threat
September 9, 2011
“…NEW YORK (CBSNewYork) — The morning after officials said there was a “specific, credible but unconfirmed” terror threat against New York City and Washington D.C. related to the 10th anniversary of the 9/11 attacks, New Yorkers were seeing a beefed-up response by the New York Police Department.
The threat involves non-specific car bomb attacks, possibly targeting bridges and tunnels here. The information came from an overseas source which Mayor Michael Bloomberg said had been credible in the past. …”
“…A dirty bomb is a speculative radiological weapon that combines radioactive material with conventional explosives. The purpose of the weapon is to contaminate the area around the explosion with radioactive material, hence the attribute “dirty”.
Though a radiological dispersal device (RDD) would be designed to disperse radioactive material over a large area, a bomb
that uses conventional explosives would likely have more immediate lethal effect than the radioactive material. At levels created from most probable sources, not enough radiation would be present to cause severe illness or death. A test explosion and subsequent calculations done by the United States Department of Energy found that assuming nothing is done to clean up the affected area and everyone stays in the affected area for one year, the radiation exposure would be “fairly high”, but not fatal. Recent analysis of the nuclear fallout from the Chernobyl disaster confirms this, showing that the effect on many people in the
surrounding area, although not those in close proximity, was almost negligible.
Since a dirty bomb is unlikely to cause many deaths, many do not consider this to be a weapon of mass destruction. Its purpose would presumably be to create psychological, not physical, harm through ignorance, mass panic, and terror. For this reason dirty bombs are sometimes called “weapons of mass disruption”. Additionally, containment and decontamination of thousands of victims, as well as decontamination of the affected area might require considerable time and expense, rendering areas partly
unusable and causing economic damage. …”
“…Dirty bombs and terrorism
Since the 9/11 attacks the fear of terrorist groups using dirty bombs has increased significantly, which has been frequently reported in the media. The meaning of terrorism used here, is described by the U.S. Department of Defense’s definition, which is “the calculated use of unlawful violence or threat of unlawful violence to inculcate fear; intended to coerce or to intimidate governments or societies in the pursuit of goals that are generally political, religious, or ideological objectives”. There have only ever been two cases of caesium-containing bombs, and neither was detonated. Both involved Chechnya. The first attempt of radiological terror was carried out in November 1995 by a group of Chechen separatists, who buried a caesium-137 source wrapped in explosives at the Izmaylovsky Park in Moscow. A Chechen rebel leader alerted the media, the bomb was never activated, and the incident amounted to a mere publicity stunt.
In December 1998, a second attempt was announced by the Chechen Security Service, who discovered a container filled with radioactive materials attached to an explosive mine. The bomb was hidden near a railway line in the suburban area Argun, ten miles east of the Chechen capital of Grozny. The same Chechen separatist group was suspected to be involved. Despite the increased fear of a dirty bombing attack, it is hard to assess whether the actual risk of such an event has increased significantly.
The following discussions on implications, effects and probability of an attack, as well as indications of terror groups planning such, are based mainly on statistics, qualified guessing and a few comparable scenarios.
Effect of a dirty bomb explosion
When dealing with the implications of a dirty bomb attack, there are two main areas to be addressed: (i) the civilian impact, not only dealing with immediate casualties and long term health issues, but also the psychological effect and then (ii) the economic impact. With no prior event of a dirty bomb detonation, it is considered difficult to predict the impact. Several analyses have predicted that RDDs will neither sicken nor kill many people. …”
“…Possibility of terrorist groups using dirty bombs
The present assessment of the possibility of terrorists using a dirty bomb is based on cases involving one terrorist organization, namely Al-Qaeda. This is because the attempts by this group to acquire a dirty bomb are the most well-described in the literature, in part due to the attention this group received for their involvement in the 9/11 attacks.
On 8 May 2002, José Padilla (a.k.a. Abdulla al-Muhajir) was arrested on suspicion that he was an Al-Qaeda terrorist planning to detonate a dirty bomb in the U.S. This suspicion was raised by information obtained from an arrested top Al-Qaeda official in U.S. custody, Abu Zubaydah, who under interrogation revealed that the organization was close to constructing a dirty bomb. Although Padilla had not obtained radioactive material or explosives at the time of arrest, law enforcement authorities uncovered evidence that he was on reconnaissance for usable radioactive material and possible locations for detonation. It has been doubted whether José Padilla was preparing such an attack, and it has been claimed that the arrest was highly politically motivated, given the pre-9/11 security lapses by the CIA and FBI. Later, these charges against José Padilla were dropped. Although
there was no hard evidence for Al-Qaeda possessing a dirty bomb, there is a broad agreement that Al-Qaeda poses a potential dirty bomb attack threat because they need to overcome the alleged image that the U.S. and its allies are winning the war against terror. A further concern is the argument, that “if suicide bombers are prepared to die flying airplanes into building, it is also conceivable that they are prepared to forfeit their lives building dirty bombs”. If this would be the case, both the cost and complexity of any protective systems needed to allow the perpetrator to survive long enough to both build the bomb and carry out the attack, would be significantly reduced.
Several other captives were alleged to have played a role in this plot. Guantanamo captive Binyam Mohammed has alleged he was subjected to extraordinary rendition, and that his confession of a role in the plot was coerced through torture. He sought access through the American and United Kingdom legal systems to evidence he was tortured. Guantanamo military commission prosecutors continue to maintain the plot was real, and charged Binyam
for his alleged role in 2008. However they dropped this charge in
October 2008, but maintain they could prove the charge and were only
dropping the charge to expedite proceedings. US District Court Judge Emmet G. Sullivan insisted that the administration still had to hand over the evidence that justified the dirty bomb charge, and admonished United States Department of Justice lawyers that dropping the charge:
- “raises serious questions in this court’s mind about whether those allegations were ever true.”
In 2006, Dhiren Barot from North London pleaded guilty of conspiring to murder innocent people within the United Kingdom and United States using a radioactive dirty bomb. He planned to target underground car parks within the UK and buildings in the U.S. such as the International Monetary Fund, World Bank buildings in Washington D.C., the New York Stock Exchange, Citigroup buildings and the Prudential Financial buildings in Newark, New Jersey. He also faces 12 other charges including, conspiracy to commit public nuisance, seven charges of making a record of information for terrorist purposes
and four charges of possessing a record of information for terrorist purposes. Experts say if the plot to use the dirty bomb was carried out “it would have been unlikely to cause deaths, but was designed to affect about 500 people.”
In January 2009, a leaked FBI report described the results of a search of the Maine home of James G. Cummings, a white supremacist who had been shot and killed by his wife. Investigators found four one-gallon containers of 35 percent hydrogen peroxide, uranium, thorium, lithium metal, aluminum powder, beryllium, boron, black iron oxide and magnesium as well as literature on how to build dirty bombs and information about cesium-137, strontium-90 and cobalt-60, radioactive materials. Officials confirmed the veracity of the report but stated that the public was never at risk.
In April 2009, the Security Service of Ukraine announced the arrest of a legislator and two businessmen from the Ternopil Oblast. Seized in the undercover sting operation was 3.7 kilograms of what was claimed by the suspects during the sale as plutonium-239, used mostly in nuclear reactors and nuclear weapons, but was determined by experts to likely be americium, a “widely used” radioactive material which is commonly used in amounts of less than 1 milligram in smoke detectors, but can also be used in a dirty bomb. The suspects reportedly wanted US$ 10 million for the material, which the Security Service determined was produced in Russia during the era of the Soviet Union and smuggled into Ukraine through a neighboring country.
September 11 2001 Video
Holmes: America’s Response to 9-11 -1/5
Holmes: America’s Response to 9-11 -2/5
Holmes: America’s Response to 9-11 -3/5
Holmes: America’s Response to 9-11 -4/5
A Time-Lapse Map of Every Nuclear Explosion Since 1945 – by Isao Hashimoto
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