The outstanding US public debt is over $11 Trillion and the interest payments alone total over $22B per month. The unemployment rate reached 10.2% in October. The number of unemployed persons now stands at 15.7 million. The true unofficial unemployment rate U6 is over 17%. While the federal government and the states have taken various …
Continue reading ‘Should the U.S. Drastically Cut its Bloated Defense Budget?’ »
It is common knowledge that foreigners own many of the assets in the U.S.. This is true especially with financial assets where China and Japan hold some of the largest chunks of U.S. treasuries. But what about direct investments?. Do foreign companies invest more in the U.S than U.S. Multi National Companies (MNCs) invest abroad? …
Overdraft fees charged by banks in the U.S. is another example of Gotcha Capitalism, a term coined by MSNBC’s Bob Sullivan who also wrote a book by the same name. The book shows how big businesses rip off billions of dollars from U.S. consumers in the form of hidden fees. Overdraft fees is an example …
Continue reading ‘Bank Overdraft Fees: Another Example of Gotcha Capitalism’ »
Healthcare is one of the few sectors in the U.S. that is creating jobs now and is projected to add more jobs in the future. The Unemployment rate in the U.S. rose to 10.2% in October as per the latest data from U.S. Bureau of Labor Statistics. The sectors which had the largest job losses …
Continue reading ‘Employment in U.S. Health Care Industry Projected to Increase’ »
The London-based think tank Legatum Institute has published “The 2009 Legatum Prosperity Index“. The U.S. is ranked at number 9 in this list. The Top 10 Countries in the Prosperity Index are listed below: The Legatum Prosperity Index is unique because it “is the world’s only global assessment of wealth and wellbeing; unlike other studies …
Continue reading ‘U.S. Ranks 9th in Global Prosperity Rankings 2009’ »