by Charles Hugh-Smith Even if the Fed hadn’t institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers. If we scrape away the shuck and jive (a difficult task when the majority of what the media presents is shuck and jive) the whole economy boils down … Read more
by theimpossiblesalad View this post on Instagram Global Internet Gaming Traffic Share #internet #gaming #data #bigdata #leagueoflegends #fortnite #overwatch #minecraft #pubg #destinythegame #worldofwarcraft #warframe #blackdessertonline #clashofclans #statistics A post shared by Statistics Data Facts (@statistics_data_facts) on Mar 1, 2019 at 8:41pm PST Source: I gathered the data from Sandvine’s “The Global Internet … Read more
via defensemaven: Springfield, IL – A Republican lawmaker has introduced legislation that would require all elected officials in Illinois to wear bodycams while conducting public business. Illinois State Representative John Cabello said he sponsored his legislation to try and reduce political corruption at state and local levels, the Rockford Register Star reported. “We see the dealings going on … Read more
‘There’s No Money Right Now’: China’s Building Boom Runs Into a Great Wall of Debt A building splurge in this impoverished pocket of rural China ended in half-finished projects and a trail of angry investors from some of the country’s wealthiest areas.On a recent winter workday, investors and representatives from private fund companies in Shanghai … Read more
via trueeconomics: Since the start of the Global Financial Crisis (GFC) and through subsequent Euro area crises, the EU frameworks for reforming financial services have invariably been anchored to the need for reducing the extent of systemic risks in European banking. While it is patently clear that Euro area’s participation in the GFC has been based … Read more
via salon: Though older Americans may be perplexed by the cynicism and self-deprecating nature of millennial culture, it turns out there’s good reason: the economic outlook for millennials is dismal. A new report finds that the sum of young Americans’ debt is in the 13-figure range — much of it student debt. According to the New York Federal Reserve Consumer … Read more
by chartr Made this in response to the generally positive feedback on the Apple one I did previously. Thought Nike was an interesting company to visualise. Hilariously, in their SEC filing they spent $900m on what they called “Demand Creation Expense”. I have called this marketing because… what on earth. But yeah pretty … Read more
Out of all OECD countries, Ireland has the highest percentage of its native-born population living overseas. Even though Ireland has started recovering from the devastating impact of the financial crisis, emigration remains high with 35,300 people leaving in the 12 months to April 2015. This was a 13 percent drop on the previous year where … Read more
by notabot_v1 $VOO Expense Ratio Lowered from 0.04% to 0.03% Congrats to all you Bogleheads — the most boring investment just got a little cheaper. via MarketWatch: Vanguard Group will not be outdone. A fintech start-up offered zero-fee ETFs first, but that’s quickly becoming old news. The latest annual reports by Vanguard, the $5 trillion money … Read more
via wbez.org: Maps courtesy of UIC Middle-income areas, pictured above in light yellow, made up half the city in 1970. Today, Chicago neighborhoods tend to be, on average, either low income (orange) or high income (blue). Chicago’s middle class, once the backbone of the city, is declining so swiftly that it’s almost gone, and a … Read more