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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Logistics is one of the major industries in the US helping to drive the consumer-based economy. The Top Logistics Companies in the US based on net revenue in 2021 are shown in the chart below: Click to enlarge Source: Freight Waves Some of the publicly traded companies from the above list are: United Parcel Service, …
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Most of the exchange-listed foreign banks trading on the US exchanges are down so far this year in line with the overall market conditions in the equity markets. As expected, European banks are in the deep red while emerging market banks especially in Latin America have performed very well. European lender Credit Suisse(CS) is the …
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Amtrak is the only passenger major railroad operator in the U.S. Unlike railroads in other developed countries, Amtrak is chronically a mess and most people have never traveled in its trains except the other in the east and west coasts and some long distance routes. While US freight railroads are the most efficient and most …
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