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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (81160)	5/25/2000 2:50:00 PM
From: Don Lloyd	Read Replies (1) of 132070

MB - news.excite.com "...The government originally announced that GDP - the main measure of economic growth - dropped 1.41 percent the October-December quarter of last year. That statistic was bad enough. But when EPA officials were working on their first revision, they came across a startling number. A previous survey of capital investment by Japanese banks, brokerages and other financial institutions found a drop of 3 percent for the quarter, a subsequent poll showed a massive 37.7 percent plunge. Japan's top bean-counters suspected they had made a mistake. "The discrepancy was so big, we weren't sure we could rely on the data," said Masaaki Maruyama, head of the EPA's national expenditures division. "So we decided to leave it out." ..." Regards, Don

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