Beautiful Virgin Islands


What is a recession? Wikipedia can't decide

Wikipedia is the American version of the good old Soviet Pravda, using the same technic of writing 90% true in order to create 100% lie. After Wikipedia changed the definition of “recession” and locked the page for editing, they also changed the definition of “definition” and locked it for editing as well.
furious editing war broke out on the Wikipedia page for "recession" after Biden administration officials played down figures showing the United States had entered an unofficial recession following two quarters of negative economic growth.

Wikipedia has frozen edits to its page for "recession," halting a frenzy of changes to the entry after the Biden administration and Biden himself insisted that the U.S. economy has not entered an economic downturn, despite the facts that prove the exact opposite.

The website's definition of recession was altered dozens of times over the course of 24 hours, in an apparent reaction to the White House's resistance to calling the current economy a recession.

New and unregistered users are no longer allowed to edit the page, which is currently "semi-protected" until Aug. 3, according to Wikipedia.

On Thursday, the Commerce Department reported that the economy shrank at an annual rate of 0.9% in April-June quarter, marking the second consecutive quarter of negative GDP, or gross domestic product. A back-to-back drop in GDP is considered by many to be an unofficial barometer for a recession.

Days ahead of the release of the latest numbers gauging economic health, President Biden had insisted that low unemployment numbers, record job growth and foreign business investment signaled a strong economy.

Treasury Secretary Janet Yellen also avoided clinging to the R-word in a recent appearance on NBC's Meet the Press. Although two consecutive quarters of negative growth generally defines a recession, she said, "When you're creating almost 400,000 jobs a month, that is not a recession."

The National Bureau of Economic Research says the traditional definition of a recession is "a significant decline in economic activity that is spread across the economy and that lasts more than a few months," a fact noted in a July 21 memo from the White House that cited the NBER as the "official recession scorekeeper."

The GDP report had been expected to show a negative number. In the days preceding the release of the data, revisions made to Wikipedia's definition reflected an alignment with the Biden administration's stance denying a recession.

A user named "Soibangla," many of whose recent edits to the page were downvoted and rejected by other users, made a significant edit to the introductory paragraphs on Tuesday, adding the line: "There is no global consensus on the definition of a recession."

It previously read: "While national definitions vary, two consecutive quarters of decline in a country's [real gross domestic product] is commonly used as a practical definition of a recession."

That language was more similar to its current iteration, a version that is currently locked on Wikipedia: "Although the definition of a recession varies between different countries and scholars, two consecutive quarters of decline in a country's real gross domestic product (real GDP) is commonly used as a practical definition of a recession."

Now, a disclaimer heading the page warns viewers that the "recession" page may be subject to quick updates, citing "increased political debate in the United States."

"An outdated version of this article has been widely circulated," the entry states. "Please check if claims or screenshots you've seen are consistent with what's currently here."

As with all Wikipedia pages, previous versions of the "recession" entry show up in the revision history.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Macron Halts New Caledonia Voting Reform After Riots
I have a dream, MLK inspiring speech
Rishi Sunak Shelves Rwanda and Smoking Policies Ahead of Election
Aretha Franklin, Marvis Staples - Oh Happy Day
US Refuses World Court Jurisdiction
BVI Freedom Song
China Conducts Surprise Military Drills Around Taiwan
Billy Preston - You Can't Beat God Giving (Live)
Grim Polls Predict Major Loss for PM Rishi Sunak
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Rishi Sunak's Campaign for UK Election: Key Issues Highlighted
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
German Property Crisis Worsens as Foreign Investment Declines
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Princess of Wales's Taskforce Calls for Business Investment in Early Childhood
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Campaign Groups Condemn UK Report on Protests
Hello Dolly
Former Royal Marine Charged with Espionage Found Dead
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Australian PM Calls for Julian Assange's Freedom
Bob Marley - Get Up Stand Up
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Yes He Can
UK's Infected Blood Scandal: Conclusion Nears After Seven Years
What A Friend We Have In Jesus
Julian Assange Granted Right to Challenge US Extradition
Unforgettable
Congo Army Thwarts Attempted Coup Involving Americans and a British Citizen
Touch The Hem Of His Garment
Ireland's Homeless Gain Voting Rights
The Lord's Prayer
Blinken orders crackdown on Israel-Hamas leaks
THE GOD MOVEMENT...BEAUTIFUL BVI
Julian Assange Faces US Extradition: Key Facts
Siyahamba
Jacob Zuma Takes Campaign to ANC Stronghold Soweto
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
Attempted Assassination of Slovakia PM Robert Fico: Investigation Ongoing
Ramblin' Rose
What Happens If an Iranian President Dies in Office?
Protoje - Who Knows ft. Chronixx
Spain Recalls Ambassador After Argentina President's Remarks
Pressure - Virgin Islands Nice
Rishi Sunak Faces Cabinet Backlash Over Proposed Changes to Foreign Student Visas
Phil Wickham - House Of The Lord
Rwanda Denies Entry to Human Rights Researcher
My God Is Real (Yes, God Is Real)
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
Blue Origin Resumes Space Tourism with 90-Year-Old Ed Dwight
Louis Armstrong - When The Saints Go Marching In
Rishi Sunak and Wife Akshata Murty Wealthier Than King Charles
Kanye West Sunday Service - hallelujah, salvation, and glory
New Dutch Government Drives Wedge Through EU Liberals
Jonathan Nelson - I Believe (Island Medley
Iranian President Raisi Missing After Helicopter Goes Down
From The Virgin Islands Sqad Up
Freemasons and ‘Global War Party’ Accused of Conspiring Against Georgia
Common, John Legend - Glory
Poland Supports Rolls-Royce's Nuclear Power Plant Initiative
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
European Ports Overflow with Unsold Electric Vehicles
I have a dream, MLK inspiring speech
Esprit Files for Bankruptcy in Europe, Putting Hundreds of Jobs at Risk
Aretha Franklin, Marvis Staples - Oh Happy Day
Chevron Halts North Sea Drilling Amid Rising Tax Burden
BVI Freedom Song
Jeremy Hunt Accused of Exaggerating Conservatives' Economic Record
Billy Preston - You Can't Beat God Giving (Live)
Victoria Atkins Discusses Historical Gender Bias in the NHS
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Dublin and Monaghan Bombings 50th Anniversary: Calls for Justice
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Rishi Sunak and Akshata Murty’s Wealth Rises to £651 Million
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
New Caledonia Riots Escalate After French Voting Rights Change
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Renters Face Fierce Competition as Listing Times Shrink
Hello Dolly
Surge in Fake Science: 19 journals shut down due to fraudulent papers from 'paper mills'
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Global Birthrates Decline, Raising Economic and Social Concerns
Bob Marley - Get Up Stand Up
Boeing Faces Possible Prosecution Over 737 MAX Settlement Violation
Yes He Can
Prisoner Escapes in France as Two Officers Killed in Van Ambush
What A Friend We Have In Jesus
German Court Rules AfD Can Be Monitored for Extremism
Unforgettable
Jacob Rees-Mogg Criticizes Bank of England’s Inflation Strategy
Touch The Hem Of His Garment
Prince Harry and Meghan Markle Promote Invictus Games in Nigeria
The Lord's Prayer
UK Arms Ban on Israel Would Aid Hamas, Says Cameron
THE GOD MOVEMENT...BEAUTIFUL BVI
US Regulators Probe Credit Card Reward Schemes
Siyahamba
Labour Vows to End Rwanda Deportation Scheme/Scam
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
×