Wealth Inequality in America
Wealth Inequality In America — Youtube Link The following video provides a visual representation of the vast wealth inequality in the United States. Several key points have been highlighted...
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China’s Economy Besieged by Buildup of Unsold Goods
China’s Economy Besieged by Buildup of Unsold Goods – NYTimes.com. After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge...
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U.S. Food Waste at 40 Percent
U.S. Food Waste at 40 Percent – The Daily Beast. Americans have a global reputation for eating astounding amounts of food. Now it looks like consumers in the U.S. can add to that stereotype an...
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Most Recent Articles
Living to 100 and Beyond
Living to 100 and Beyond – WSJ.com. Living to 100: The number of people living to advanced old age is already on the rise. There are some 5.7 million Americans age 85 and older, amounting to about 1.8% of the population, according to the Census Bureau. That is projected to rise to 19 million, or 4.34% of the population, by 2050, based on current trends. The percentage of Americans 100 and older is projected to rise from 0.03% today to 0.14% of the population in 2050. That’s a total of 601,000 centenarians The gerontologist...
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Why Tea Party candidates wont win any elections next year
Why Tea Party candidates wont win any elections next year: because mainstream Republicans now spout the same ideas. – By David Weigel – Slate Magazine. Are we witnessing the end of the Tea Party’s electoral rebellion? Did the GOP civil war reach Appomattox, and nobody noticed? Those questions assume that the Tea Party’s goal was to purge Republicans in primaries. That was just one of the movement’s goals, and we’re finding out that, yes, it may have run its course. In 2010, when they wanted to take...
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Fat camp shows China battling the bulge
Fat camp shows China battling the bulge | Reuters. On the grounds of the Bodyworks weight loss campus in Beijing, 30 tubby men and women sweat profusely, gasping for air as they pound the treadmills in an exercise room. They represent a shocking new statistic in the world’s most populous country. According to some estimates, a third of China’s population — some 429 million — are overweight or obese, prime candidates for heart disease and diabetes. It is growing fatter faster than any developing nation...
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Energy Department Applauds Nation’s First Large-Scale Industrial Carbon Capture and Storage Facility | Department of Energy
Energy Department Applauds Nation’s First Large-Scale Industrial Carbon Capture and Storage Facility | Department of Energy. The U.S. Department of Energy issued the following statement in support of construction of the nation’s first large-scale industrial carbon capture and storage (ICCS) facility in Decatur, Illinois. Supported by the 2009 economic stimulus legislation – the American Recovery and Reinvestment Act – the ambitious project will capture and store one million tons of carbon dioxide (CO2) per year produced as the result...
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Boom Times End at For-Profit Colleges
Boom Times End at For-Profit Colleges – WSJ.com. For-profit colleges are facing a tough test: getting new students to enroll. New-student enrollments have plunged—in some cases by more than 45%—in recent months, reflecting two factors: Companies have pulled back on aggressive recruiting practices amid criticism over their high student-loan default rates. And many would-be students are questioning the potential pay-off for degrees that can cost considerably more than what’s available at local community...
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Bank deposits hit record high of nearly $10 trillion
Bank deposits hit record high of nearly $10 trillion – Aug. 25, 2011. Deposits in FDIC-insured banks climbed $343 billion in the first half of the year to an all-time high of $9.8 trillion, according to Market Rates Insight, which tracks bank pricing. Funds stored in CDs, which holders don’t have access to until a specific date, fell $94 billion to $1.9 trillion in the six months ended June. Meanwhile, balances of liquid accounts, like money markets and savings accounts, jumped by $446 billion to $6.3...
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Economic News Mayhem: Buffett Invests in BofA, Gold Plummets, Jobs Resigns
Breaking economic news has been streaming out of the media by the minute. Here are the biggest pieces: Steve Jobs resigns as CEO of Apple but remains as chairman, Tim Cook takes over as CEO. Here is Steve’s resignation letter: I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come. I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director...
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Growing energy demand adds stress to water supply
Growing energy demand adds stress to water supply – Environment – The Independent. A Google search for “world water shortage” will produce more than four million results in 0.17 seconds. It will also use a tenth of a teaspoon of water, experts say. Given water’s role in power generation, the impact of about 300 million Google searches a day is around 150,000 litres (40,000 gallons) daily – in a world where water supplies are increasingly a major concern Water will play an increasing role as a...
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Surgeons carry out first synthetic windpipe transplant
BBC News – Surgeons carry out first synthetic windpipe transplant. Surgeons in Sweden have carried out the world’s first synthetic organ transplant. Scientists in London created an artificial windpipe which was then coated in stem cells from the patient. Crucially, the technique does not need a donor, and there is no risk of the organ being rejected. The surgeons stress a windpipe can also be made within days. The 36-year-old cancer patient is doing well a month after the operation. Scientists at University College...
Read MoreUS Credit Conditions – Federal Reserve Bank of New York
US Credit Conditions – Federal Reserve Bank of New York 1. The Federal Reserve Bank of New York has constructed a very neat interactive tool that displays a wide variety of credit conditions across the country. You can search delinquency rates on student loans, auto loans, mortgages and much more (check out link above). It is very interesting to see where your county stacks up relative to the rest of the country. Below is the “heat map” of the country’s mortgage delinquencies (defined as nonpayment for 90+...
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Schools Reopen to Face Tough Budget Choices
Education Week: Schools Reopen to Face Tough Budget Choices. Wake of the Recession: As students around the country begin the 2011-12 school year, many of them will be returning to districts that, like McKeesport, have been forced to restructure their operations in the face of budget cuts. The recent, severe recession, which began in late 2007 and officially ended in 2009, robbed states of significant revenues. While state coffers have recovered somewhat recently, many budget analysts believe it could be a few years before revenues...
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When Oil was $140 a Barrel in 2008
Last week, Bernie Sanders released the data containing the positions of people in the oil futures markets in 2008 when oil was about to peak. At the time, oil was 140 dollars on its way to an all time high of 145 dollars, which occurred just a few days later. As a trader, I know that this data is not all encompassing. It does not take into account the options markets or hedges that are actually occurring. For example, many of the airlines are seen as net long in the futures markets, but they could simply be offsetting the rising...
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