The total U.S. currency and coin outstanding at the end of December 2010 crossed over $1 Trillion or $1,165,184,270,423 to be exact according to the Treasury Bulletin March 2011, U.S. Department of the Treasury. When the amounts held by the Treasury and the Federal Reserve Banks are deducted, the total amount in circulation stood at …
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The chart below shows the estimated U.S. Financial Asset Holdings of BRIC countries: Source:Â Quarterly Update: Foreign Exchange Reserves and U.S. Assets of Brazil, Russia, India, and China, Council on Foreign Relations China tops the group in financing the U.S. The growth in Chinese reserves in 2010 alone exceeds the stocks of reserves of Brazil, …
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While there are many factors to evaluate global economic growth, one factor that is the most important to look at is world trade. According to the latest data on trade, the global economy is in recovery mode. The following two charts confirm that economic growth is back on track after the terrifying fall during the …
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Asian ports dominate the list of the world’s 20 largest container ports based on container throughput data for 2009. Singapore tops the ranking followed by Shanghai and Hong Kong. The only ports from the western hemisphere are Rotterdam, Hamburg, Antwerp, Los Angeles and Long Beach. Within Asia the majority of the ports in this list …
The U.S. social security system is the largest government-run social benefit program in the world. As most employers have eliminated or reduced pensions in the past few decades millions of Americans depend more on social security after retirement. In fact, social security payments help keep a significant number of retired persons out of poverty. This …
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