American taxpayers’ ownership of General Motors was halved on Wednesday, and billions of dollars in bailout money was returned to the federal government, as a result of the nation’s largest initial stock offering ever.
The offering, which raised $23.1 billion, is bigger and more ambitious than had once seemed possible. But the recently bankrupt automaker will have to build on its revival for the government to recoup its entire $50 billion investment and validate the Obama administration’s decision to keep G.M. from collapsing.
The new shares start trading on Thursday at $33 each. To break even, the Treasury Department will need to sell its remaining 500 million shares at an average price of $53 each in the months and years to come. And while the administration may retain great influence over the company, it may not be able to keep stoking the enthusiasm investors have shown
http://www.nytimes.com/2010/11/18/business/18auto.html?src=me&ref=business
Friday, November 19, 2010
Monday, November 15, 2010
Wednesday, November 10, 2010
Historical and Projected Number of Medicare Beneficiaries and Number of Workers Per Beneficiary
http://www.allhealth.org/sourcebookcontent.asp?CHID=70
Historical Projected Number Medicare Beneficiaries Number Workers Per Beneficiary
Deficit Commission Draft Document November-10-2010
The chairmen of President Obama’s fiscal commission proposed a sweeping collection of spending cuts and tax increases today in a bid to jolt the panel's 16 other members away from their Republican and Democratic orthodoxies.
$200 Billion In Savings
AMOUNT (Billions) Item No. DESCRIPTION
$0.80 1 Reduce Congressional & White House budgets by 15 percent
$15.10 2 Freeze federal salaries, bonuses, and other compensation at non-defense agencies for three years.
$13.20 3 Cut the federal workforce by 10 percent
$18.40 4 Eliminate 250,000 non-defense service and staff augmentee contractors
$0.10 5 Cap the number of federal political appointments at 2,000
$0.40 6 Cut federal travel budget
$0.70 7 Establish Veterans Administration (VA) health co-pays
$0.40 8 Reduce unnecessary printing costs
$0.30 9 Trim the Federal Vehicle Budget
$1.00 10 Other efficiencies
$11.00 11 Create a Cut-and-Invest Committee charged with trimming waste and targeting investment
$1.00 12 Merge the Department of Commerce and Small Business Administration into a single agency and trim its budget by 10 percent
$1.00 13 Terminate low-priority Corps construction projects
$1.30 14 Reduce overhead cost of diplomatic operations
$4.60 15 Slow the growth of foreign aid
$1.80 16 Eliminate the Office of Safe & Drug Free Schools
$0.30 17 Eliminate the Economic Development Administration
$0.50 18 Eliminate a number of programs administered by the Rural Utility Service (RUS)
$1.60 19 Reduce wasteful spending at the Department of Justice
$0.10 20 Eliminate certain regional subsidies
$0.10 21 Eliminate the Hollings Manufacturing Extension Partnership and the Baldrige National Quality Program
$16.00 22 Eliminate all earmarks
$0.90 23 Cut research funding for fossil fuels.
$1.20 24 Eliminate funding for commercial spaceflight
$0.50 25 Drop wealthier communities from the Community Development Block Grant program
$0.30 26 Reduce voluntary contributions to the United Nations
$0.20 27 Eliminate administrative fees paid to schools for student aid programs
$0.10 28 Eliminate the Overseas Private Investment Corporation
$1.00 29 Sell excess federal property
$0.30 30 Reduce funding to the Smithsonian and the National Park Service and allow the programs to offset the reduction through fees
$1.20 31 Eliminate grants to large and medium-sized hub airports
$0.50 32 Cut funding for the Corporation for Public Broadcasting
$0.90 33 Require food processing facilities to finance food safety and inspection services
$0.50 34 Change inland water systems to be fully self-funded
$1.90 35 Require airports to fund a larger portion of the cost of aviation security
$0.30 36 Charge beneficiaries for the cost of the International Trade Administration’s trade promotion activities
$0.30 37 Reduce land acquisition under the Land and Water Conservation Fund
$0.40 38 Create a more cohesive and cost-effective fire management service
$28.00 39 Apply the overhead savings Secretary Gates has promised to deficit reduction
$5.30 40 Freeze federal salaries, bonuses, and other compensation for the civilian workforce at the Department of Defense for three years
$9.20 41 Freeze non-combat military pay at 2011 levels for 3 years
$5.40 42 Double Secretary Gates’ cuts to defense contracting
$20.00 43 Reduce procurement by 15 percent
44 End procurement of the V-22 Osprey
45 Cancel the Expeditionary Fighting Vehicle
46 Substitute F-16 and F/A-18Es for half of the Air Force and Navy’s planned buys of F-35 fighter aircraft.
47 Cancel the Marine Corps version of the F-35
48 Cancel the Navy’s Future Maritime Prepositioning Force
49 Cancel the new Joint Light Tactical Vehicle (JLTV), the Ground Combat Vehicle, and the Joint Tactical Radio
50 Reduce planned levels for "Other Procurement.”
$8.50 51 Reduce military personnel stationed at overseas bases in Europe and Asia by one-third
$6.00 52 Modernize Tricare, DOD health
$5.40 53 Replace military personnel performing commercial activities with civilians
$7.00 54 Reduce spending on Research, Development, Test & Evaluation by 10 percent
$2.00 55 Reduce spending on base support.
$1.40 56 Reduce spending on facilities maintenance
$0.80 57 Consolidate the Department of Defense’s retail activities
$1.10 58 Integrate children of military personnel into local schools in the United States
…………………………………………………………………………………………………..
http://nationaljournal.com/budget/fiscal-commission-to-unveil-preliminary-plan-20101110
Tuesday, November 9, 2010
The Economy of Immigration
http://www.econ.utah.edu/~philips/soccer2/readings_files/Borjas%20The%20Economics%20of%20Immigration%20%201994.pdf
Monday, November 8, 2010
US Unemployment Data October 2010 Bureau of Labor Statistics
HOUSEHOLD DATA
Table A-15. Alternative measures of labor underutilization
[Percent] Measure Not seasonally adjusted Seasonally adjusted
Oct.
2009 Sept.
2010 Oct.
2010 Oct.
2009 June
2010 July
2010 Aug.
2010 Sept.
2010 Oct.
2010
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
5.5 5.3 5.5 5.7 5.8 5.7 5.5 5.5 5.7
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
6.0 5.6 5.4 6.7 5.9 5.9 6.0 6.1 5.9
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
9.5 9.2 9.0 10.1 9.5 9.5 9.6 9.6 9.6
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
9.9 9.9 9.8 10.6 10.2 10.2 10.3 10.3 10.4
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
10.8 10.7 10.6 11.5 11.0 11.0 11.0 11.0 11.1
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
16.3 16.2 15.9 17.4 16.5 16.5 16.7 17.1 17.0
http://www.bls.gov/news.release/empsit.t15.htm
Table A-15. Alternative measures of labor underutilization
[Percent] Measure Not seasonally adjusted Seasonally adjusted
Oct.
2009 Sept.
2010 Oct.
2010 Oct.
2009 June
2010 July
2010 Aug.
2010 Sept.
2010 Oct.
2010
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
5.5 5.3 5.5 5.7 5.8 5.7 5.5 5.5 5.7
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
6.0 5.6 5.4 6.7 5.9 5.9 6.0 6.1 5.9
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
9.5 9.2 9.0 10.1 9.5 9.5 9.6 9.6 9.6
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
9.9 9.9 9.8 10.6 10.2 10.2 10.3 10.3 10.4
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
10.8 10.7 10.6 11.5 11.0 11.0 11.0 11.0 11.1
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
16.3 16.2 15.9 17.4 16.5 16.5 16.7 17.1 17.0
http://www.bls.gov/news.release/empsit.t15.htm
Sunday, November 7, 2010
The US Oil Imports Table Data
US Energy Information Adminstrator
Crude Oil and Total Petroleum Imports Top 15 Countries
August 2010 Import Highlights: Released October 28, 2010
Monthly data on the origins of crude oil imports in August 2010 has been released and it shows that five countries exported more than 900 thousand barrels per day to the United States (see table below). The top five exporting countries accounted for 64 percent of United States crude oil imports in August while the top ten sources accounted for approximately 83 percent of all U.S. crude oil imports. The top five sources of US crude oil imports for August were Canada (1,933 thousand barrels per day), Mexico (1,158 thousand barrels per day), Saudi Arabia (1,080 thousand barrels per day), Venezuela (974 thousand barrels per day), and Nigeria (942 thousand barrels per day). The rest of the top ten sources, in order, were Angola (472 thousand barrels per day), Algeria (374 thousand barrels per day), Colombia (346 thousand barrels per day), Russia (334 thousand barrels per day), and Iraq (281 thousand barrels per day). Total crude oil imports averaged 9,486 thousand barrels per day in August, which is a decrease of 404 thousand barrels per day from July 2010.
Canada remained the largest exporter of total petroleum in August, exporting 2,483 thousand barrels per day to the United States, which is a decrease from last month (2,534 thousand barrels per day). The second largest exporter of total petroleum was Mexico with 1,282 thousand barrels per day.
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Aug-10 Jul-10 YTD 2010 Aug-09 YTD 2009
--------------------------------------------------------------------------------
CANADA 1,933 2,055 1,981 2,002 1,924
MEXICO 1,158 1,174 1,119 1,057 1,119
SAUDI ARABIA 1,080 1,033 1,071 707 1,010
VENEZUELA 974 1,016 929 1,007 995
NIGERIA 942 1,143 1,010 877 700
ANGOLA 472 374 410 352 484
ALGERIA 374 353 329 404 257
COLOMBIA 346 381 331 260 256
RUSSIA 334 367 296 221 263
IRAQ 281 430 467 500 460
KUWAIT 251 189 208 148 171
BRAZIL 249 315 280 269 334
ECUADOR 236 200 191 131 202
UNITED KINGDOM 121 200 146 72 110
CONGO (BRAZZAVILLE) 98 44 78 37 45
Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country Aug-10 Jul-10 YTD 2010 Aug-09 YTD 2009
--------------------------------------------------------------------------------
CANADA 2,483 2,534 2,543 2,523 2,468
MEXICO 1,282 1,289 1,253 1,159 1,228
SAUDI ARABIA 1,132 1,053 1,086 729 1,042
VENEZUELA 1,022 1,084 1,006 1,070 1,117
NIGERIA 985 1,174 1,041 917 740
RUSSIA 786 719 620 505 636
ALGERIA 565 518 504 551 479
ANGOLA 484 374 419 364 494
COLOMBIA 372 404 359 269 282
VIRGIN ISLANDS 339 239 257 223 292
IRAQ 281 430 467 500 462
UNITED KINGDOM 266 351 290 225 247
BRAZIL 251 332 301 275 352
KUWAIT 251 189 210 148 174
ECUADOR 242 205 194 131 206
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
http://www.eia.gov/
Crude Oil and Total Petroleum Imports Top 15 Countries
August 2010 Import Highlights: Released October 28, 2010
Monthly data on the origins of crude oil imports in August 2010 has been released and it shows that five countries exported more than 900 thousand barrels per day to the United States (see table below). The top five exporting countries accounted for 64 percent of United States crude oil imports in August while the top ten sources accounted for approximately 83 percent of all U.S. crude oil imports. The top five sources of US crude oil imports for August were Canada (1,933 thousand barrels per day), Mexico (1,158 thousand barrels per day), Saudi Arabia (1,080 thousand barrels per day), Venezuela (974 thousand barrels per day), and Nigeria (942 thousand barrels per day). The rest of the top ten sources, in order, were Angola (472 thousand barrels per day), Algeria (374 thousand barrels per day), Colombia (346 thousand barrels per day), Russia (334 thousand barrels per day), and Iraq (281 thousand barrels per day). Total crude oil imports averaged 9,486 thousand barrels per day in August, which is a decrease of 404 thousand barrels per day from July 2010.
Canada remained the largest exporter of total petroleum in August, exporting 2,483 thousand barrels per day to the United States, which is a decrease from last month (2,534 thousand barrels per day). The second largest exporter of total petroleum was Mexico with 1,282 thousand barrels per day.
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Aug-10 Jul-10 YTD 2010 Aug-09 YTD 2009
--------------------------------------------------------------------------------
CANADA 1,933 2,055 1,981 2,002 1,924
MEXICO 1,158 1,174 1,119 1,057 1,119
SAUDI ARABIA 1,080 1,033 1,071 707 1,010
VENEZUELA 974 1,016 929 1,007 995
NIGERIA 942 1,143 1,010 877 700
ANGOLA 472 374 410 352 484
ALGERIA 374 353 329 404 257
COLOMBIA 346 381 331 260 256
RUSSIA 334 367 296 221 263
IRAQ 281 430 467 500 460
KUWAIT 251 189 208 148 171
BRAZIL 249 315 280 269 334
ECUADOR 236 200 191 131 202
UNITED KINGDOM 121 200 146 72 110
CONGO (BRAZZAVILLE) 98 44 78 37 45
Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)
Country Aug-10 Jul-10 YTD 2010 Aug-09 YTD 2009
--------------------------------------------------------------------------------
CANADA 2,483 2,534 2,543 2,523 2,468
MEXICO 1,282 1,289 1,253 1,159 1,228
SAUDI ARABIA 1,132 1,053 1,086 729 1,042
VENEZUELA 1,022 1,084 1,006 1,070 1,117
NIGERIA 985 1,174 1,041 917 740
RUSSIA 786 719 620 505 636
ALGERIA 565 518 504 551 479
ANGOLA 484 374 419 364 494
COLOMBIA 372 404 359 269 282
VIRGIN ISLANDS 339 239 257 223 292
IRAQ 281 430 467 500 462
UNITED KINGDOM 266 351 290 225 247
BRAZIL 251 332 301 275 352
KUWAIT 251 189 210 148 174
ECUADOR 242 205 194 131 206
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
http://www.eia.gov/
Thursday, November 4, 2010
Mortgage Rates Record Low Rates November-04-2010
The benchmark 30-year fixed-rate mortgage fell 9 basis points this week, to 4.42 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.37 discount and origination points. One year ago, the mortgage index was 5.35 percent; four weeks ago, it was 4.45 percent.
http://www.bankrate.com/
Monday, November 1, 2010
The US National Unemployment Rate
US unemployment rate surges to 10.2 percent; 190,000 jobs lost in October, 2009.
http://www.forecast-chart.com/graph-unemployment-rate.html
US National Unemployment rate - 60 Year Graph
http://tipstrategies.com/archive/geography-of-jobs/
http://www.tradingeconomics.com/Economics/Unemployment-Rate.aspx?Symbol=USD
Thursday, October 21, 2010
ECRI-Weekly-Leading-Index October 2010
http://dshort.com/charts/ECRI-Weekly-Leading-Index.html?GDP-recessions-WLI-since-1965
Leading Economic Indicators Chart September 2010
http://www.e-forecasting.com/us_leading_economic_indicator.htm
.leading economic indicators chart
Wednesday, October 20, 2010
The Lagging New Home Housing Market Relic of George W Bush
http://www.huffingtonpost.com/2010/10/09/housing-market-congressional-districts_n_756877.html
Friday, October 15, 2010
Annual Inflation Rate Chart 2010
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
http://www.shadowstats.com/alternate_data/inflation-charts
Friday, October 8, 2010
Tuesday, October 5, 2010
Barack Obama Ended the George W Bush Recession June 2009
http://money.cnn.com/2010/09/20/news/economy/recession_over/index.htm
Saturday, October 2, 2010
The Highest and Lowesr Median Income States
The top 10 wealthiest states
Where median income is highest
Rank State Median Income
1 New Hampshire $65,028
2 New Jersey $64,918
3 Connecticut $64,644
4 Maryland $63,828
5 Alaska $62,675
6 Virginia $61,126
7 Utah $60,396
8 Massachusetts $59,732
9 Hawaii $58,469
10 Washington $58,404
The bottom 10 poorest states
Where median incomes are lowest
Rank State Median Income
1 Mississippi $35,693
2 Arkansas $37,987
3 West Virginia $39,170
4 Tennessee $40,034
5 South Carolina $41,548
6 Montana $41,587
7 Kentucky $41,828
8 Alabama $42,144
9 North Carolina $42,337
10 Louisiana $42,423
http://money.cnn.com/2010/09/16/news/economy/Americas_wealthiest_states/index.htm
Where median income is highest
Rank State Median Income
1 New Hampshire $65,028
2 New Jersey $64,918
3 Connecticut $64,644
4 Maryland $63,828
5 Alaska $62,675
6 Virginia $61,126
7 Utah $60,396
8 Massachusetts $59,732
9 Hawaii $58,469
10 Washington $58,404
The bottom 10 poorest states
Where median incomes are lowest
Rank State Median Income
1 Mississippi $35,693
2 Arkansas $37,987
3 West Virginia $39,170
4 Tennessee $40,034
5 South Carolina $41,548
6 Montana $41,587
7 Kentucky $41,828
8 Alabama $42,144
9 North Carolina $42,337
10 Louisiana $42,423
http://money.cnn.com/2010/09/16/news/economy/Americas_wealthiest_states/index.htm
Thursday, September 30, 2010
Government Spending
State and Local Government Spending US CA >
Pop: 308.9 million
-5yr -1yr Fiscal Year 2010 in $ billion +1yr +5yr
Change
View: people default radical census COFOG Fed
(2) Gov.
Xfer(3) State
(3) Local
(3) Total charts
[+] Pensions 774.3 0.0 174.7 36.9 985.9
[+] Sickness and disability 8.0 0.0 0.0 0.0 8.0
[+] Old age 766.3 0.0 174.7 36.9 977.9
[+] Health Care 829.5 -298.6 435.9 140.4 1,107.2
[+] Medical service (Seniors) 457.2 0.0 0.0 0.0 457.2
[+] Medical service 0.0 -29.9 107.1 135.8 213.0
[+] Public health services 4.4 0.0 0.0 0.0 4.4
[+] R&D Health 32.7 0.0 0.0 0.0 32.7
Health n.e.c. 0.0 0.0 0.0 0.0 0.0
[+] Vendor Payments (Welfare) 335.2 -268.8 328.8 4.7 399.9
[+] Education 157.0 -83.0 272.5 679.7 1,026.3
[+] Pre-primary thru secondary education 84.1 -83.0 8.5 624.5 634.1
[+] Tertiary education 20.4 0.0 225.3 42.3 288.0
[+] Education not definable by level 52.5 0.0 38.8 13.0 104.2
Subsidiary services to education 0.0 0.0 0.0 0.0 0.0
R&D Education 0.0 0.0 0.0 0.0 0.0
Education n.e.c. 0.0 0.0 0.0 0.0 0.0
[+] Charts: Click on a to display a bar of data in a row or column of this table.
Click on to display a time-series chart of data in a row.[+] Drill-down: Click on the [+] to drill down to more detailed numbers. For federal spending line items (but not revenue) you can drill down three levels to view about 4,000 items of spending at the “agency code” level. Defense 895.0 0.0 1.2 0.0 896.2
[+] Military defense 719.2 0.0 0.0 0.0 719.2
Civil defense 0.0 0.0 0.0 0.0 0.0
[+] Veterans 124.7 0.0 1.2 0.0 125.9
[+] Foreign military aid 9.9 0.0 0.0 0.0 9.9
[+] Foreign economic aid 41.2 0.0 0.0 0.0 41.2
R&D Defence 0.0 0.0 0.0 0.0 0.0
[+] Defence n.e.c. 0.0 0.0 0.0 0.0 0.0
[+] Welfare 557.3 -43.8 151.6 97.3 762.3
[+] Family and children 99.3 0.0 13.0 9.9 122.1
[+] Unemployment 194.3 -4.1 63.3 0.2 253.6
[+] Housing 77.0 -39.7 14.3 46.0 97.7
[+] Social exclusion n.e.c. 186.8 0.0 51.8 41.2 279.9
R&D Social protection 0.0 0.0 0.0 0.0 0.0
[+] Social protection n.e.c. 0.0 0.0 9.1 0.0 9.1
[+] Protection 55.0 0.0 102.5 193.5 351.0
[+] Police services 28.8 0.0 13.6 88.7 131.2
[+] Fire-protection services 0.0 0.0 0.0 46.0 46.0
[+] Law courts 18.4 0.0 34.5 29.8 82.8
[+] Prisons 7.7 0.0 54.4 29.0 91.1
R&D Public order and safety 0.0 0.0 0.0 0.0 0.0
Public order and safety n.e.c. 0.0 0.0 0.0 0.0 0.0
[+] Transportation 106.5 -51.5 111.6 145.5 312.1
[+] Transport 106.5 -51.5 111.6 145.5 312.1
[+] General Government 30.6 -0.8 34.7 60.8 125.4
[+] Executive and legislative organs, financ 18.5 0.0 34.7 60.8 114.0
[+] General services 12.2 -0.8 0.0 0.0 11.4
[+] Other Spending 109.0 -39.6 96.5 359.8 525.7
[+] Basic research 18.6 0.0 0.0 0.0 18.6
[+] General economic, commercial and labour -26.6 0.0 0.0 0.0 -26.6
[+] Agriculture, forestry, fishing and hunti 33.2 -3.6 20.9 11.5 62.0
[+] Fuel and energy 15.4 -0.0 16.3 82.5 114.2
Mining, manufacturing and construction 0.0 0.0 0.0 0.0 0.0
[+] Communication 1.0 0.0 0.0 0.0 1.0
[+] Other industries 0.0 0.0 5.5 1.1 6.7
R&D Economic affairs 0.0 0.0 0.0 0.0 0.0
[+] Economic affairs n.e.c. -55.9 0.0 2.2 4.0 -49.7
[+] Waste management 0.0 0.0 3.0 22.9 25.9
[+] Waste water management 0.0 -2.1 1.4 51.9 51.3
[+] Pollution abatement 11.5 0.0 0.0 0.0 11.5
[+] Protection of biodiversity and landscape 12.5 0.0 0.0 0.0 12.5
R&D Environmental protection 0.0 0.0 0.0 0.0 0.0
Environmental protection n.e.c. 0.0 0.0 0.0 0.0 0.0
[+] Housing development 55.7 0.0 0.0 0.0 55.7
[+] Community development 28.5 0.0 0.0 2.0 30.4
[+] Water supply 12.4 -1.6 0.4 58.5 69.8
Street lighting 0.0 0.0 0.0 0.0 0.0
R&D Housing and community amenities 0.0 0.0 0.0 0.0 0.0
Housing and community amenities n.e.c. 0.0 0.0 0.0 0.0 0.0
[+] Recreational and sporting services 4.0 0.0 6.3 41.1 51.5
Cultural services 0.0 0.0 0.0 0.0 0.0
Broadcasting and publishing services 0.0 0.0 0.0 0.0 0.0
Religious and other community services 0.0 0.0 0.0 0.0 0.0
R&D Recreation, culture and religion 0.0 0.0 0.0 0.0 0.0
Recreation, culture and religion n.e.c. 0.0 0.0 0.0 0.0 0.0
R&D General public services 0.0 0.0 0.0 0.0 0.0
[+] General public services n.e.c. -1.4 0.0 40.5 84.2 123.3
[+] Transfers of a general character between 0.0 -32.3 0.0 0.0 -32.3
[+] Interest 187.8 0.0 53.7 62.3 303.7
[+] Public debt transactions 187.8 0.0 53.7 62.3 303.7
[+] Balance 18.7 0.0 -3.7 1.8 16.9
[+] Total Spending 3,720.7 -517.4 1,431.3 1,778.0 6,412.7
[+] Total 3,720.7 -517.4 1,431.3 1,778.0 6,412.7
[+] Federal Deficit 1,555.6 0.0 0.0 0.0 1,555.6
[+] Total Spending 3,720.7 0.0 0.0 0.0 3,720.7
[+] Total Revenue -2,165.1 0.0 0.0 0.0 -2,165.1
[+] Gross Public Debt 13,786.6 0.0 1,151.1 1,697.1 16,634.7
[+] Gross Public Debt 13,786.6 0.0 1,151.1 1,697.1 16,634.7
Click for Bar Chart or Pie Chart ->
http://www.usgovernmentspending.com/classic.html#usgs302
Friday, September 17, 2010
Real Median Household Income Growth
http://www.epi.org/publications/entry/webfeatures_econindicators_income_20080826/
The Rise in the Poverty Level in the US
http://www.tradingeconomics.com/Economics/Unemployment-Rate.aspx?Symbol=USD
http://www.independent.co.uk/news/world/americas/43-million-americans-live-in-poverty-2081522.html
Friday, September 3, 2010
Private Sector Employment Data Chart
http://www.marketwatch.com/story/aug-private-sector-payrolls-fall-10000-adp-2010-09-01
Sunday, August 8, 2010
Recession Charts and Recovery in Months
Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates.
Saturday, August 7, 2010
Friday, August 6, 2010
Friday, May 28, 2010
Thursday, May 27, 2010
Countries Foreign Exchange Reserve List
List of states by foreign exchange reserves
For consistency, forward currency swap contracts are not included in this list until they mature, figures that include them may be higher or lower than those listed here. IMF or other outstanding loans are not shown here, and if accounted for many nations would list lower.
Rank Country/Monetary Authority Foreign exchange reserves
(Millions of USD) Figures as of
— World (sum of all countries) 9,007,505 --
1 People's Republic of China
2,447,000 Mar 2010[1]
2 Japan 990,513 April 2010[2]
- Eurosystem
(EU member states which have adopted the euro, incl. ECB) 668,428 Feb 2010[2]
3 Russia 447,004 Mar 2010[2]
4 Saudi Arabia 395,467 May 2009[3]
5 Republic of China (Taiwan) 357,557 April 2010[4]
6 India 279,708 Mar 2010[5]
7 South Korea 278,800 April 2010[6]
8 Brazil 250,000 May 2010[8]
9 Singapore 196,360 Mar 2010[9]
10 Germany 182,745 Feb 2010[2]
11 Switzerland 149,889 Feb 2010[2]
12 Algeria 149,000 Dec 2009
13 Thailand 146,200 Apr 2010[10]
14 France 134,010 Feb 2010[2]
15 Italy 133,033 Feb 2010[2]
16 United States 127,411 Apr 2010[2]
17 Mexico 98,035 May 2010[11]
18 Iran 96,560 Dec 2008[12]
19 Malaysia 96,100 May 2010[13]
20 Poland 85,232 Mar 2010[2]
21 Libya 79,000 Sep 2007
22 Denmark 76,315 Feb 2010[2]
23 Turkey 71,859 Feb 2010[2]
24 Indonesia 69,730 Feb 2010[2]
— European Central Bank
(ECB, not owned by any single EU member) 69,710 Feb 2010[2]
25 United Kingdom 69,091 Mar 2010[2]
26 Israel 62,490 Mar 2010[2]
27 Canada 57,392 Feb 2010[2]
28 Norway 49,223 Feb 2010[2]
29 Iraq 48,779 Jan 2009[14]
30 Argentina 48,277 Jan 2010[2]
31 Sweden 46,631 Feb 2010[2]
32 Philippines 45,764 Feb 2010[2]
33 United Arab Emirates 45,000 Oct 2008[15][16]
34 Hungary 44,591 Feb 2010[2]
35 Romania 44,056 Feb 2010[2]
36 Nigeria 40,480 Mar 2010 [17]
37 Czech Republic 40,151 Feb 2010[2]
38 Australia 39,454 Feb 2010[2]
39 Lebanon 38,600 2009[18]
40 Netherlands 38,372 Feb 2010[2]
41 South Africa 38,283 Mar 2010[19]
42 Peru 36,314 Apr 2010[2]
43 Egypt 34,654 Apr 2010[20]
44 Venezuela 31,925 Jan 2010
45 Spain 28,195 Mar 2010[2]
46 Ukraine 26,072 Apr 2010[21]
47 Colombia 25,141 Mar 2010[2]
48 Chile 24,921 Feb 2010[2]
49 Belgium 24,130 Feb 2010[2]
50 Morocco 21,873 Feb 2010[2]
51 Vietnam 17,500 Mar 2010
52 Macau 18,730 Mar 2010[22]
53 Kazakhstan 27,549 Feb 2010[2]
54 Kuwait 19,420 Dec 2009 est.[2]
55 Angola 19,400 2009 est.
56 Austria 18,079 Mar 2010[2]
57 Serbia 17,357 Dec 2009
58 New Zealand 16,570 Feb 2010[2]
59 Bulgaria 16,497 Mar 2010[2]
60 Ireland 16,229 Apr 2009[2]
60 Portugal 16,254 Feb 2010[2]
61 Pakistan 15,050 April 2010
62 Croatia 13,720 Feb 2010[2]
63 Jordan 12,180 Feb 2010[2]
64 Finland 11,085 Feb 2010[2]
65 Bangladesh 10,550 Mar 2010 [23]
66 Botswana 10,000 May 2008
67 Tunisia 9,709 Mar 2010[2]
68 Azerbaijan 9,316 Apr 2008
69 Bolivia 8,585 Jan 2010
70 Trinidad and Tobago 8,100 2008 est.
71 Yemen 7,400 Mar 2009
72 Uruguay 8,104 Jan 2010[2]
73 Oman 7,004 2007 est.
74 Latvia 6,820 Feb 2010[2]
75 Lithuania 6,438 Mar 2010[2]
76 Qatar 6,368 2007 est.
77 Cyprus 6,176 2007 est.
78 Belarus 6,074 Mar 2010[2]
79 Syria 6,039 2007 est.
80 Uzbekistan 5,600 2007 est.
81 Luxembourg 5,337 Apr 2009[2]
82 Guatemala 5,496 Jan 2010 est.
83 Greece 5,207 Feb 2010[2]
84 Bosnia and Herzegovina 5,151 Jan 2008
85 Cuba 4,247 2007 est.
86 Costa Rica 4,113 Feb 2010[2]
87 Equatorial Guinea 3,928 2007 est.
88 Ecuador 3,913 Oct 2008
89 Iceland 3,823 Mar 2010[2]
90 Paraguay 3,731 Nov 2009
91 Turkmenistan 3,644 2007 est.
92 Estonia 3,583 Mar 2010[2]
93 Malta 3,522 2007 est.
94 Myanmar 3,500 Aug 2008
95 Bahrain 3,474 2007 est.
96 Kenya 3,260 Mar 2010
97 Ghana 2,837 2007 est.
98 El Salvador 2,845 Feb 2010[2]
99 Sri Lanka 2,600 Oct 2008
100 Cambodia 2,522 Aug 2009 [24]
For consistency, forward currency swap contracts are not included in this list until they mature, figures that include them may be higher or lower than those listed here. IMF or other outstanding loans are not shown here, and if accounted for many nations would list lower.
Rank Country/Monetary Authority Foreign exchange reserves
(Millions of USD) Figures as of
— World (sum of all countries) 9,007,505 --
1 People's Republic of China
2,447,000 Mar 2010[1]
2 Japan 990,513 April 2010[2]
- Eurosystem
(EU member states which have adopted the euro, incl. ECB) 668,428 Feb 2010[2]
3 Russia 447,004 Mar 2010[2]
4 Saudi Arabia 395,467 May 2009[3]
5 Republic of China (Taiwan) 357,557 April 2010[4]
6 India 279,708 Mar 2010[5]
7 South Korea 278,800 April 2010[6]
8 Brazil 250,000 May 2010[8]
9 Singapore 196,360 Mar 2010[9]
10 Germany 182,745 Feb 2010[2]
11 Switzerland 149,889 Feb 2010[2]
12 Algeria 149,000 Dec 2009
13 Thailand 146,200 Apr 2010[10]
14 France 134,010 Feb 2010[2]
15 Italy 133,033 Feb 2010[2]
16 United States 127,411 Apr 2010[2]
17 Mexico 98,035 May 2010[11]
18 Iran 96,560 Dec 2008[12]
19 Malaysia 96,100 May 2010[13]
20 Poland 85,232 Mar 2010[2]
21 Libya 79,000 Sep 2007
22 Denmark 76,315 Feb 2010[2]
23 Turkey 71,859 Feb 2010[2]
24 Indonesia 69,730 Feb 2010[2]
— European Central Bank
(ECB, not owned by any single EU member) 69,710 Feb 2010[2]
25 United Kingdom 69,091 Mar 2010[2]
26 Israel 62,490 Mar 2010[2]
27 Canada 57,392 Feb 2010[2]
28 Norway 49,223 Feb 2010[2]
29 Iraq 48,779 Jan 2009[14]
30 Argentina 48,277 Jan 2010[2]
31 Sweden 46,631 Feb 2010[2]
32 Philippines 45,764 Feb 2010[2]
33 United Arab Emirates 45,000 Oct 2008[15][16]
34 Hungary 44,591 Feb 2010[2]
35 Romania 44,056 Feb 2010[2]
36 Nigeria 40,480 Mar 2010 [17]
37 Czech Republic 40,151 Feb 2010[2]
38 Australia 39,454 Feb 2010[2]
39 Lebanon 38,600 2009[18]
40 Netherlands 38,372 Feb 2010[2]
41 South Africa 38,283 Mar 2010[19]
42 Peru 36,314 Apr 2010[2]
43 Egypt 34,654 Apr 2010[20]
44 Venezuela 31,925 Jan 2010
45 Spain 28,195 Mar 2010[2]
46 Ukraine 26,072 Apr 2010[21]
47 Colombia 25,141 Mar 2010[2]
48 Chile 24,921 Feb 2010[2]
49 Belgium 24,130 Feb 2010[2]
50 Morocco 21,873 Feb 2010[2]
51 Vietnam 17,500 Mar 2010
52 Macau 18,730 Mar 2010[22]
53 Kazakhstan 27,549 Feb 2010[2]
54 Kuwait 19,420 Dec 2009 est.[2]
55 Angola 19,400 2009 est.
56 Austria 18,079 Mar 2010[2]
57 Serbia 17,357 Dec 2009
58 New Zealand 16,570 Feb 2010[2]
59 Bulgaria 16,497 Mar 2010[2]
60 Ireland 16,229 Apr 2009[2]
60 Portugal 16,254 Feb 2010[2]
61 Pakistan 15,050 April 2010
62 Croatia 13,720 Feb 2010[2]
63 Jordan 12,180 Feb 2010[2]
64 Finland 11,085 Feb 2010[2]
65 Bangladesh 10,550 Mar 2010 [23]
66 Botswana 10,000 May 2008
67 Tunisia 9,709 Mar 2010[2]
68 Azerbaijan 9,316 Apr 2008
69 Bolivia 8,585 Jan 2010
70 Trinidad and Tobago 8,100 2008 est.
71 Yemen 7,400 Mar 2009
72 Uruguay 8,104 Jan 2010[2]
73 Oman 7,004 2007 est.
74 Latvia 6,820 Feb 2010[2]
75 Lithuania 6,438 Mar 2010[2]
76 Qatar 6,368 2007 est.
77 Cyprus 6,176 2007 est.
78 Belarus 6,074 Mar 2010[2]
79 Syria 6,039 2007 est.
80 Uzbekistan 5,600 2007 est.
81 Luxembourg 5,337 Apr 2009[2]
82 Guatemala 5,496 Jan 2010 est.
83 Greece 5,207 Feb 2010[2]
84 Bosnia and Herzegovina 5,151 Jan 2008
85 Cuba 4,247 2007 est.
86 Costa Rica 4,113 Feb 2010[2]
87 Equatorial Guinea 3,928 2007 est.
88 Ecuador 3,913 Oct 2008
89 Iceland 3,823 Mar 2010[2]
90 Paraguay 3,731 Nov 2009
91 Turkmenistan 3,644 2007 est.
92 Estonia 3,583 Mar 2010[2]
93 Malta 3,522 2007 est.
94 Myanmar 3,500 Aug 2008
95 Bahrain 3,474 2007 est.
96 Kenya 3,260 Mar 2010
97 Ghana 2,837 2007 est.
98 El Salvador 2,845 Feb 2010[2]
99 Sri Lanka 2,600 Oct 2008
100 Cambodia 2,522 Aug 2009 [24]
World GDP Economies
Rank Country GDP (millions of USD)
— World 57,937,460[4]
— European Union 16,447,259[4]
1 United States 14,256,275
2 Japan 5,068,059
3 People's Republic of China 4,908,982[2]
4 Germany 3,352,742
5 France 2,675,951
6 United Kingdom 2,183,607
7 Italy 2,118,264
8 Brazil 1,574,039
9 Spain 1,464,040
10 Canada 1,336,427
11 India 1,235,975
12 Russia 1,229,227
13 Australia 997,201
14 Mexico 874,903
15 South Korea 832,512
16 Netherlands 794,777
17 Turkey 615,329
18 Indonesia 539,377
19 Switzerland 494,622
20 Belgium 470,400
21 Poland 430,197
22 Sweden 405,440
23 Norway 382,983
24 Austria 381,880
25 Republic of China (Taiwan) 378,969
26 Saudi Arabia 369,671
27 Venezuela 337,295
28 Greece 330,780
29 Iran 330,461
30 Argentina 310,065
31 Denmark 309,252
32 South Africa 287,219
33 Thailand 263,889
34 Finland 238,128
35 United Arab Emirates 229,971
36 Colombia 228,836
37 Portugal 227,855
38 Ireland 227,781
— Hong Kong 210,731
39 Czech Republic 194,828
40 Israel 194,825
41 Malaysia 191,463
42 Egypt 187,954
43 Singapore 177,132
44 Nigeria 173,428
45 Pakistan 166,515
46 Chile 161,781
47 Romania 161,521
48 Philippines 160,991
49 Algeria 140,848
50 Hungary 129,407
51 Peru 126,766
52 New Zealand 117,795
53 Ukraine 116,191
54 Kuwait 111,309
55 Kazakhstan 109,273
56 Bangladesh 94,507
57 Vietnam 92,439
58 Morocco 90,815
59 Slovakia 88,208
60 Qatar 83,910
61 Angola 68,755
62 Iraq 65,838
63 Croatia 63,188
64 Libya 60,351
65 Ecuador 57,303
66 Sudan 54,677
67 Oman 53,395
68 Syria 52,524
69 Luxembourg 51,736
70 Slovenia 49,217
71 Belarus 48,973
72 Bulgaria 47,102
73 Dominican Republic 46,743
74 Azerbaijan 43,111
75 Serbia 42,879
76 Sri Lanka 41,323
77 Tunisia 40,168
78 Guatemala 37,302
79 Lithuania 37,254
80 Lebanon 33,585
81 Uzbekistan 32,816
82 Kenya 32,724
83 Ethiopia 32,319
84 Uruguay 31,528
85 Costa Rica 29,318
86 Burma 27,553
87 Latvia 26,247
88 Yemen 25,131
89 Panama 24,711
90 Cyprus 23,603
91 Jordan 22,929
92 Côte d'Ivoire 22,497
93 Tanzania 22,318
94 Cameroon 22,223
95 El Salvador 21,100
96 Trinidad and Tobago 20,380
97 Bahrain 20,214
98 Estonia 19,123
99 Bolivia 17,627
100 Bosnia and Herzegovina 17,133
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
— World 57,937,460[4]
— European Union 16,447,259[4]
1 United States 14,256,275
2 Japan 5,068,059
3 People's Republic of China 4,908,982[2]
4 Germany 3,352,742
5 France 2,675,951
6 United Kingdom 2,183,607
7 Italy 2,118,264
8 Brazil 1,574,039
9 Spain 1,464,040
10 Canada 1,336,427
11 India 1,235,975
12 Russia 1,229,227
13 Australia 997,201
14 Mexico 874,903
15 South Korea 832,512
16 Netherlands 794,777
17 Turkey 615,329
18 Indonesia 539,377
19 Switzerland 494,622
20 Belgium 470,400
21 Poland 430,197
22 Sweden 405,440
23 Norway 382,983
24 Austria 381,880
25 Republic of China (Taiwan) 378,969
26 Saudi Arabia 369,671
27 Venezuela 337,295
28 Greece 330,780
29 Iran 330,461
30 Argentina 310,065
31 Denmark 309,252
32 South Africa 287,219
33 Thailand 263,889
34 Finland 238,128
35 United Arab Emirates 229,971
36 Colombia 228,836
37 Portugal 227,855
38 Ireland 227,781
— Hong Kong 210,731
39 Czech Republic 194,828
40 Israel 194,825
41 Malaysia 191,463
42 Egypt 187,954
43 Singapore 177,132
44 Nigeria 173,428
45 Pakistan 166,515
46 Chile 161,781
47 Romania 161,521
48 Philippines 160,991
49 Algeria 140,848
50 Hungary 129,407
51 Peru 126,766
52 New Zealand 117,795
53 Ukraine 116,191
54 Kuwait 111,309
55 Kazakhstan 109,273
56 Bangladesh 94,507
57 Vietnam 92,439
58 Morocco 90,815
59 Slovakia 88,208
60 Qatar 83,910
61 Angola 68,755
62 Iraq 65,838
63 Croatia 63,188
64 Libya 60,351
65 Ecuador 57,303
66 Sudan 54,677
67 Oman 53,395
68 Syria 52,524
69 Luxembourg 51,736
70 Slovenia 49,217
71 Belarus 48,973
72 Bulgaria 47,102
73 Dominican Republic 46,743
74 Azerbaijan 43,111
75 Serbia 42,879
76 Sri Lanka 41,323
77 Tunisia 40,168
78 Guatemala 37,302
79 Lithuania 37,254
80 Lebanon 33,585
81 Uzbekistan 32,816
82 Kenya 32,724
83 Ethiopia 32,319
84 Uruguay 31,528
85 Costa Rica 29,318
86 Burma 27,553
87 Latvia 26,247
88 Yemen 25,131
89 Panama 24,711
90 Cyprus 23,603
91 Jordan 22,929
92 Côte d'Ivoire 22,497
93 Tanzania 22,318
94 Cameroon 22,223
95 El Salvador 21,100
96 Trinidad and Tobago 20,380
97 Bahrain 20,214
98 Estonia 19,123
99 Bolivia 17,627
100 Bosnia and Herzegovina 17,133
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
Friday, March 12, 2010
Stock Price Performance under Republican and Democrat's Adminstrations
The Grand Old Party (GOP) is known for supporting big business. So it pays to elect Republicans to the White House, right? If you analyze the stock market performance under Republican and Democratic presidents, the answer is a resounding NO. Democratic presidents generate average stock market returns in excess of the risk-free rate of 10.69% -- roughly six times the 1.69% earned under Republican administrations.
Investopedia describes the research of Pedro Santa-Clara and Rossen Valkanov who analyzed the value-weighted returns on stocks between 1927 and 1998 under Democratic and Republican presidents. And they found that the excess returns of stocks over the risk-free rate of return -- as measured by the Center for Research into Securities Prices (CRSP) indexes versus three-month Treasury bill rates -- were far higher for Democratic presidents (10.69%) than for Republican ones (1.69%).
Of course, these are just long-term statistics. Under the last Democratic president, stocks rose an annual average of 17.4%. The current Republican White House occupant has presided over an average annual decline of 1.1% -- the S&P 500 was 1,342 when he took over and stands at 1,233 today -- the only president of either party of the last 11 to oversee a decline in stocks.
Investopedia describes the research of Pedro Santa-Clara and Rossen Valkanov who analyzed the value-weighted returns on stocks between 1927 and 1998 under Democratic and Republican presidents. And they found that the excess returns of stocks over the risk-free rate of return -- as measured by the Center for Research into Securities Prices (CRSP) indexes versus three-month Treasury bill rates -- were far higher for Democratic presidents (10.69%) than for Republican ones (1.69%).
Of course, these are just long-term statistics. Under the last Democratic president, stocks rose an annual average of 17.4%. The current Republican White House occupant has presided over an average annual decline of 1.1% -- the S&P 500 was 1,342 when he took over and stands at 1,233 today -- the only president of either party of the last 11 to oversee a decline in stocks.
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