Why the Fed's electronic printing press is not causing inflation?
Fed's electronic printing press is called sophisticated monetary policy.
Fed's assets were $2.31 trillion on December 2008.
Fed’s balance sheet today is $3 trillion.
Fed is purchasing $85 billion of securities every month.
U.S. Gross Domestic Product GDP is $15.9 trillion.
As of the first quarter of 2010, U.S. domestic financial assets totaled $131 trillion
Financial Businesses had $66 trillion.
Sunday, January 27, 2013
Thursday, January 24, 2013
How many welfare programs are there in the U.S.?
How many welfare programs are there in the U.S.?
Exact number of social-welfare programs in the U.S.:
There are today 185 federal welfare programs in the U.S. (a country of takers)
Exact number of social-welfare programs in the U.S.:
There are today 185 federal welfare programs in the U.S. (a country of takers)
Sunday, January 20, 2013
The genetic factor: equal opportunity will result in unequal outcomes
The genetic factor: equal opportunity will result in unequal outcomes.
Despite repeated claims to the contrary, there has been no narrowing of the 15- to 18-point average IQ difference between Blacks and Whites (1.1 standard deviations); the differences are as large today as they were when first measured nearly 100 years ago.
They, and the concomitant difference in standard of living, level of education, and related phenomena, lie in factors that are largely heritable, not cultural. The IQ differences are attributable to differences in brain size more than to racism, stereotype threat, item selection on tests, and all the other suggestions given by the commentators.
J. Philippe Rushton
The University of Western Ontario
Arthur R. Jensen
University of California, Berkeley
Despite repeated claims to the contrary, there has been no narrowing of the 15- to 18-point average IQ difference between Blacks and Whites (1.1 standard deviations); the differences are as large today as they were when first measured nearly 100 years ago.
They, and the concomitant difference in standard of living, level of education, and related phenomena, lie in factors that are largely heritable, not cultural. The IQ differences are attributable to differences in brain size more than to racism, stereotype threat, item selection on tests, and all the other suggestions given by the commentators.
J. Philippe Rushton
The University of Western Ontario
Arthur R. Jensen
University of California, Berkeley
Thursday, January 3, 2013
How Much Money Does The U.S. Government Give to the rich?
How Much Money Does The U.S. Government Give to the rich?
In the United States, credible estimates of annual fossil fuel subsidies range from $10 billion to $52 billion annually.
Almost two-thirds of the $27 billion in federal farm subsidies doled out last year went to just 10 percent of America's farm owners, including multimillion-dollar corporations and government agencies, a review of Agriculture Department records by The Associated Press shows.
$2.3 billion tax breaks to companies that manufacture solar energies.
175.2 billion Total corporate tax welfare in 2003.
According to the analysis by de Blasio's office, ExxonMobil, Bank of America, General Electric (GE), Chevron and Boeing had combined profits of $77.16 billion in 2010 but paid $0 in current federal income taxes in 2009.
A bevy of tax breaks and credits that had been scheduled to expire at the end of 2012 will be extended for another year, costing taxpayers $46.1 billion over the next decade,
Nearly $250 million for Hollywood. Over $330 million for the railroad industry. More than $220 million for rum producers. And $62 million for doing business in American Samoa.
In the United States, credible estimates of annual fossil fuel subsidies range from $10 billion to $52 billion annually.
Almost two-thirds of the $27 billion in federal farm subsidies doled out last year went to just 10 percent of America's farm owners, including multimillion-dollar corporations and government agencies, a review of Agriculture Department records by The Associated Press shows.
$2.3 billion tax breaks to companies that manufacture solar energies.
175.2 billion Total corporate tax welfare in 2003.
According to the analysis by de Blasio's office, ExxonMobil, Bank of America, General Electric (GE), Chevron and Boeing had combined profits of $77.16 billion in 2010 but paid $0 in current federal income taxes in 2009.
A bevy of tax breaks and credits that had been scheduled to expire at the end of 2012 will be extended for another year, costing taxpayers $46.1 billion over the next decade,
Nearly $250 million for Hollywood. Over $330 million for the railroad industry. More than $220 million for rum producers. And $62 million for doing business in American Samoa.
Wednesday, January 2, 2013
How many people vote in congressional elections in U.S.?
How many people vote in congressional elections in U.S.?
Turnout rates off-year elections (those for which the presidency was not on the ballot) is 40%.
Registered voters are 169 million (31% Republicans 43% Democrats)
201.5 million are eligible to vote.
169 x 40% = 67.6 million people vote in congressional elections.
Current population in U.S.: 315 million.
21% of the population vote in congressional elections.
Turnout rates off-year elections (those for which the presidency was not on the ballot) is 40%.
Registered voters are 169 million (31% Republicans 43% Democrats)
201.5 million are eligible to vote.
169 x 40% = 67.6 million people vote in congressional elections.
Current population in U.S.: 315 million.
21% of the population vote in congressional elections.
Monday, December 31, 2012
How Much Money Does The U.S. Government Give to the poor?
How Much Money Does The U.S. Government Give to the poor?
IRS estimated that in 2009 the Earned Income Tax Credit lifted nearly $7 million people out of poverty.
Nationwide in 2012, close to 26.5 million received nearly $60.7 billion in EITC for the 2011 tax year.
$2,290.00 per person.
Total annual cost of food stamp program in 2012: $71,800,000,000.
Number of Americans using the food stamp program in 2012: 46,670,373
$1.725.00 per person
IRS estimated that in 2009 the Earned Income Tax Credit lifted nearly $7 million people out of poverty.
Nationwide in 2012, close to 26.5 million received nearly $60.7 billion in EITC for the 2011 tax year.
$2,290.00 per person.
Total annual cost of food stamp program in 2012: $71,800,000,000.
Number of Americans using the food stamp program in 2012: 46,670,373
$1.725.00 per person
Sunday, December 30, 2012
Relation between interest on the public debt and money lost by companies
Relation between interest on the public debt and money lost by companies
Ten percent of FORTUNE 500 companies lost money last year.
The total amount of money these companies lost was 5.6 billions.
Budgeted net interest on the public debt was approximately $251 billion.
Fortune 500 generated nearly $10.8 trillion in total revenues last year and $824.5 billion in earnings (7.6%).
U.S. nominal GDP was estimated to be $15.8 trillion in 2012.
Ten percent of FORTUNE 500 companies lost money last year.
The total amount of money these companies lost was 5.6 billions.
Budgeted net interest on the public debt was approximately $251 billion.
Fortune 500 generated nearly $10.8 trillion in total revenues last year and $824.5 billion in earnings (7.6%).
U.S. nominal GDP was estimated to be $15.8 trillion in 2012.
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