Wednesday, December 12, 2012
How Much Money Has the Fed Printed?
At $85 billion a month, the Fed's balance sheet will keep growing from its current $2.9 trillion, heading toward $4 trillion by the end of the year 2013. Four years ago it was less than $1 trillion.
Who works in U.S.A.?
Who works in U.S.A.?
Today total population in U.S. 314,930,258
Persons under 18 years in U.S. 72,433,959
Public sector employees in U.S. 20,540,000
Private sector employees in U.S. 104,347,000
Number of retired people in U.S. 62,067,000
Involuntary part-time workers in U.S. 8,200,000
Unemployed in U.S. 11,970,000
Illegal immigrants in U.S. 11,125,000
Armed Forces in U.S. 2,914,000
Self employed in U.S. 14,460,000
Total: 308,056,959
Today total population in U.S. 314,930,258
Persons under 18 years in U.S. 72,433,959
Public sector employees in U.S. 20,540,000
Private sector employees in U.S. 104,347,000
Number of retired people in U.S. 62,067,000
Involuntary part-time workers in U.S. 8,200,000
Unemployed in U.S. 11,970,000
Illegal immigrants in U.S. 11,125,000
Armed Forces in U.S. 2,914,000
Self employed in U.S. 14,460,000
Total: 308,056,959
Monday, December 10, 2012
Why living standards will go down and inequality will go up in America in the next 30 years?
Why living standards will go down and inequality will go up in America in the next 30 years?
Because the difference between the the pensions and retirement savings that American households ages 32-64 have today and what they should have today to maintain their living standards in retirement is $6.6 trillion based on the Center for Retirement Research at Boston College
Because the difference between the the pensions and retirement savings that American households ages 32-64 have today and what they should have today to maintain their living standards in retirement is $6.6 trillion based on the Center for Retirement Research at Boston College
Sunday, December 9, 2012
Why Charitable Giving is a tax deduction?
Why Charitable Giving is a tax deduction?
Why the complete elimination of the charitable deduction has not been achieved?
Because it is the main tax break employed by Warren Buffett and other wealthy taxpayers.
Total giving to charitable organizations and foundations was $298.42 billion in 2011 (about 2% of GDP) , 90% given by individuals (because corporations have better tax breakers).
Why the complete elimination of the charitable deduction has not been achieved?
Because it is the main tax break employed by Warren Buffett and other wealthy taxpayers.
Total giving to charitable organizations and foundations was $298.42 billion in 2011 (about 2% of GDP) , 90% given by individuals (because corporations have better tax breakers).
Saturday, December 8, 2012
God bless the printing money machine
God bless the printing money machine
Benefits for not working:
Food stamps:
45.8 million people, 15% of the U.S. population
Average food stamp benefit was $133.80 monthly per person
Total full-year cost = 73,536,480,000
Disability payments:
10.7 million people
The average monthly benefit payment was $1,190
Total full-year cost = 152,796,000,000
Unemployment insurance:
The total number of people claiming
benefits in all programs for the week
ending November 17 was 4,959,240
The average weekly benefit payment was $376.
Total full-year cost= 95,931,538,560
Benefits for not working
are increasing the incentive not to work.
Number of Social Security Beneficiaries
55,404,480
The average monthly Social Security benefit
for a retired worker was about $1,230 at the
beginning of 2012.
Total full-year cost =817,770,124,800
Benefits for not working:
Food stamps:
45.8 million people, 15% of the U.S. population
Average food stamp benefit was $133.80 monthly per person
Total full-year cost = 73,536,480,000
Disability payments:
10.7 million people
The average monthly benefit payment was $1,190
Total full-year cost = 152,796,000,000
Unemployment insurance:
The total number of people claiming
benefits in all programs for the week
ending November 17 was 4,959,240
The average weekly benefit payment was $376.
Total full-year cost= 95,931,538,560
Benefits for not working
are increasing the incentive not to work.
Number of Social Security Beneficiaries
55,404,480
The average monthly Social Security benefit
for a retired worker was about $1,230 at the
beginning of 2012.
Total full-year cost =817,770,124,800
Friday, December 7, 2012
How to move back 15,001 years
Environment and Energy Minister Delphine Batho wants all the lights in shop windows, offices and storefronts across France to be turned off between 1 a.m. and 7 a.m.
Prehistoric people used lamps to illuminate surroundings.
Hundreds of these lamps have been found in the Lascaux caves in modern day France, dating to about 15,000 years ago.
Environment and Energy Minister Delphine Batho wants to move back 15,001 years
Prehistoric people used lamps to illuminate surroundings.
Hundreds of these lamps have been found in the Lascaux caves in modern day France, dating to about 15,000 years ago.
Environment and Energy Minister Delphine Batho wants to move back 15,001 years
Thursday, December 6, 2012
Average salary in Long Beach port versus average salary in China.
Average salary in Long Beach port versus average salary in China.
Clerical workers in Los Angeles, Long Beach ports make an average base salary of $87,000 a year.
When vacation, pension and other benefits are factored in, their annual compensation package reached $165,000 a year.
Port of Los Angeles received from China imports valued at$110,517,865,053 in 2010 (more than 50% of total imports).
Average Salary in the Manufacturing Sector in China is $ 134 monthly.
Clerical workers in Los Angeles, Long Beach ports make an average base salary of $87,000 a year.
When vacation, pension and other benefits are factored in, their annual compensation package reached $165,000 a year.
Port of Los Angeles received from China imports valued at$110,517,865,053 in 2010 (more than 50% of total imports).
Average Salary in the Manufacturing Sector in China is $ 134 monthly.
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