Because the news should be objective, clear, and data-driven.
The invention of shipping containers had an enormous effect on international trade, apparently much larger than trade agreements. A team of European researchers discovered that adoption of shipping containers resulted in a 320% increase in trade over five years compared to a 45% increase over twenty years resulting from a free trade agreement. In addition to the monetary gains, containers radically reduced theft rates and time required to unpack and pack ships, thus reducing time in port.
–from The Economist
Tags: international trade, shipping, transportation Posted in Economy | Leave a Comment »
North American oil production, dark green in the chart, has been undergoing explosive supply growth since 2010. Between the new extraction methods used in the US and continued expansion of the Alberta tar sands in Canada, the supply and extraction technology coming from North America will change the global oil market radically over the next five years. Consider the following quote from the International Energy Agency’s press release accompanying this graph:
“The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over the last 15, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) released today.”
–from Business Insider and the International Energy Agency
Tags: Canada, oil, oil production, US Posted in Canada, Energy, Environment, US Macro | Leave a Comment »
Is the highest paid employee in your state a college sports coach? The answer is almost certainly yes. The only states with deans or presidents as their highest paid employees are in states whose major state university don’t play in large conferences and, as a result, don’t produce high sports revenue.
Tags: college sports, highest paid public employees, Maps Posted in Maps | Leave a Comment »
As this graph elegantly displays, the past decade had increasing rates of Dot Com success Netflix while increasingly abandoning dial-up internet. Netflix began streaming services in January 2007, right where the curves intersect.
–from Splat F
Tags: AOL, broadband, Netflix Posted in Economy | Leave a Comment »
Delinquent mortgages are at their lowest level since 2008. Fewer than 5,000,000 loans are between 30 days past due and foreclosure.
–from Calculated Risk
Tags: foreclosure, housing, mortgages Posted in Economy, Housing | 1 Comment »
From the New York Times
Tags: income, spending habits Posted in Economy | Leave a Comment »
Tags: Inequality, wealth Posted in Economy, Inequality | Leave a Comment »
The employment-population ratio, the measure of the number of employed civilians of working age compared to total civilians of working age, has dropped 4.9% from the most recent peak of 63.4% in December 2006 to 58.5% in March 2013. The last time the ratio was this low, prior to the 2007 downturn, was October of 1983.
For more information, see our Employment Report.
–Data from the St. Louis Federal Reserve
Tags: Civilian-Employment Population Ratio, employment, jobs, March 2013 Posted in Employment | Leave a Comment »
Americans are continuing to de-leverage and this trend is very clear in a recent New York Fed study that shows fewer young people are buying houses are cars, although nearly 45% of them are attending college.
–from The Atlantic
Tags: auto loans, cars, houses, mortgages Posted in Economy, US Macro | Leave a Comment »
The US has the 2nd highest child poverty levels in the Western World, after Romania. Quite surprising how many countries that are thought of as comparatively poor have significantly lower child poverty rates. This chart uses Fuchs’ poverty threshold, which is less than 50% of the median income.
–from AFP and reddit.
Tags: child poverty, poverty Posted in Inequality | 1 Comment »