One of the important infrastructure needs of a country are the roads. An excellent road network not only helps people travel from one place to another easily but also facilitates the movement of goods thereby increasing trade and unleashing further economic activities. In many emerging countries of the world, poor roads are a major hindrance …
Equity markets go thru bull and bear markets every few years or so. While bull markets are great and makes every investor a genius, bear markets offer excellent opportunities to build wealth for long-term investors. This is because unlike in bull markets, stocks are cheaper and investors can pick up more of them for the …
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The United States spends more on defense spending than the next 9 countries combined as shown in the chart below. Defense spending accounts for more than 10 percent of all Federal government spending. In addition, half of all discretionary spending accounts for defense spending. Click to enlarge Source: Peter G.Peterson Foundation
The US healthcare system is the most expensive in the world. Such high spending does not necessarily lead to superior outcomes. The deaths of more than a million Americans in the covid pandemic is one evidence of that. One important factor that drives the cost of healthcare in the country is administrative costs due to …
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