Economy
OECD: Income Equality Rises After The Financial Crisis
The OECD released on a report last week discussing rising income equality and poverty since the global financial crisis. The report noted that income inequality based on the gini coefficient actually increased in the past few years in developed countries. This is not surprising as the poor and middle-class suffer more as jobs disappeared and many [...]
Outstanding Student-Loan Debt Rises Following Soaring College Tuition
Going to college in the U.S. is an expensive proposition for most students. Unlike other developed and even emerging countries, college education is not free in the U.S.. Students take out thousands of dollars in student loans to get a degree. State colleges are funded by tax-payers. However they too charge tuition which in many [...]
Comparing Light Vehicle Density in Select Countries
The automotive industry is one of the most important industries not only in developed countries but also in emerging countries. From China to Brazil and most developing countries in between governments are encouraging the growth of this industry. The prevalence of autos is still small in most developing countries compared developed countries. Hence the potential for growth in emerging [...]
A Review of Legal Immigrants Into The U.S. From 1820 To 2010
The U.S. population as of Mar 9, 2013 is 315,462,878 according to the POPClock by the U.S. Census Bureau. The World population as of the same date is 7,071,147,165. Some interesting facts on the U.S. population provided by the Census Bureau: White persons, percent, 2011: 78.1% Black persons, percent, 2011: 13.1% American Indian and Alaska Native persons, [...]
A Review of Top High-Speed Rail Countries
In December, 2012 China opened the high-speed rail line between Beijing and Guangzhou. The distance of 2,298 Kms between these cities will be covered by high-speed trains at less than 10 hours going at over 300 Km/hr. The trains effectively cut the travel time in half between these major Chinese cities. With the addition of this line, the [...]
Will Raising The Minimum Wage Increase U.S. Unemployment?
In his State of the Union address last month, President Obama proposed raising the Federal minimum wage from the current $7.25 to $9.00 per hour. 19 States already have minimum wages of over $7.25/hr and the state of Washington has a minimum wage of over $9.00/hr. As expected this topic is being hotly debated by economists and media pundits. [...]
