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Archive for February, 2012

Financial Pain in Europe

Sunday, February 26th, 2012 Leave a comment

Here is an interactive graphic from The Financial Times regarding European austerity programs:

Source: The Financial Times

See the above-mentioned link (The Financial Times) for more interactive information.

Hat Tip: Paul Krugman (The Conscience of a Liberal)

 

 

Categories: Economics Tags: ,

The Life Cycle of a Blog Post

Sunday, February 26th, 2012 Leave a comment
Categories: Social Media Tags:

Peyton & Miami???

Friday, February 24th, 2012 1 comment

Source: ESPN

Peyton Manning to the Miami Dolphins??? It seems like this option might actually happen and the Dolphins have been waiting  for a franchise QB to rely on since Dan Marino retired.

James Walker from ESPN lays out five reasons why Manning to Miami is the ideal fit:

Reason No. 1: The Dolphins have the right pieces in place

Reason No. 2: Miami’s defense is primed, ready

Reason No. 3: Miami’s owner has deep pockets

Reason No. 4: Location, location, location

Reason No. 5: The chance to beat Tom Brady

If Manning goes to the Dolphins and if he can stay healthy, Miami would be a legitimate playoff and Superbowl contender.

Effect of Higher Education

Friday, February 24th, 2012 2 comments

How much of a difference can getting a college degree really make? A lot, and more as the degrees get higher. This chart from Justin Wolfers shows that an education can pay off significantly.

Source: Bureau of Labor Statistics

According to this chart, people without a high school diploma are suffering 14.9% unemployment right now, and that’s just the U-3! Just imagine what the underemployment rate is for this age bracket. This compares to a much more reasonable 5.4% for those with a bachelors degree.

Hat Tip: Floating Path

5 Lessons From the Rise of the BRICs

Saturday, February 18th, 2012 Leave a comment

Here is an interesting read from The Atlantic regarding the successes and stumbles of the world’s great rising economies, also known as BRICs (Brazil, Russia, India, and China).

As investors and economic analysts cast about for the next batch of high-growth markets, the article points out 5 lessons from the BRICs: (1) Work on the middle-income transition plan; (2) Trade, trade, trade; (3) state capitalism can work; (4) corruption kills; (5) strong civil society matters.

Source: The Atlantic

The 10 Richest U.S. Presidents

Saturday, February 18th, 2012 Leave a comment

The following is a list of the 10 richest US Presidents from 24/7 Wall St via Yahoo Finance. The net worth figures for the 10 wealthiest presidents are in 2010 dollars. Because a number of presidents, particularly in the early 19th century, made and lost huge fortunes in a matter of a few years, the net worth for each president is for the peak time.

1. George Washington
Net worth: $525 million
In office: 1789 – 1797
1st president

2. Thomas Jefferson
Net worth: $212 million
In office: 1801 – 1809
3rd president

3. Theodore Roosevelt
Net worth: $125 million
In office: 1901 – 1909
26th president

4. Andrew Jackson
Net worth: $119 million
In office: 1829 – 1837
7th president

5. James Madison
Net worth: $101 million
In office: 1809 – 1817
4th president

6. Lyndon Baines Johnson
Net worth: $98 million
In office: 1963 – 1969
36th president

7. Herbert Clark Hoover
Net worth: $75 million
In office: 1929 – 1933
31st president

8. Franklin Delano Roosevelt
Net worth: $60 million
In office: 1933 – 1945
32nd president

9. William Jefferson Clinton
Net worth: $38 million
In office: 1993 – 2001
42nd president

10. John Fitzgerald Kennedy *
Net worth: $1 billion dollars (never inherited his father’s fortune)
In office: 1961 – 1963
35th president

* It seems according to this list, John F. Kennedy should be #1 on the list. Not sure why he is ranked #10.

In the case of each president, the article took into account hard assets such as land, estimated lifetime savings based on work history, inheritance, homes and money paid for services, which includes anything from salary as Collector of Customs at the Port of New York to membership on Fortune 500 companies’ boards. The net worth includes royalties on books, as well as ownership of companies and yields from family estates.

Categories: Politics Tags:

Map of the Ideological Divide Across America’s States

Friday, February 17th, 2012 Leave a comment

According to Gallup, Americans at this political moment are significantly more likely to identify as conservative than as liberal: conservatives outnumber liberals by nearly two to one. Forty percent identify as conservative, 36 percent as moderate, and 21 percent liberal.

Source: http://m.theatlanticcities.com (photo credit: Reuters)

It seems the ongoing economic crisis appears to have deepened America’s conservative drift – a trend which is most pronounced in its least well off, least educated, most blue collar, most economically hard-hit states.