US household debt has reached a new high of $12.8 Trillion. This figure exceeds the debt levels reached in 2008 at the height of the Global Financial Crisis(GFC). A strong economy with low unemployment rates is allowing American consumers to take on more debt. As a results debts of all types from credit cards to …
Continue reading ‘The US Consumer Debt Burden: Infographic’ »
The Corporate Income Tax is the highest in the US among OECD member nations. In 2017 the rate stood at 39.1%. Globally this rate is the second highest after Colombia according to a report by the Tax Foundation. The chart below shows the Corporate Income Tax by Country 2017 and 2017 for select countries: Click to …
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The Northern Sea Route is a shipping route in the Arctic from Kara Sea to Bering Strait. Parts of the route is free of ice only two months a year according to Wikipedia. The following is a neat infographic on The Northern Sea Route and the benefits of using it: Click to enlarge Source: Russia’s …
The current outstanding US debt is over $19.8 Trillion or 19,844,586,961,607.12 to be exact as of September 7, 2017 according to US Treasury. The national debt rises during periods of crises such as World War II. Among the major developed countries US is in a unique situation where government expenditures exceed revenues. Since expenditures for entitlement programs such …
Continue reading ‘US Federal Debt Since Country’s Founding’ »
The G-20 countries accounted for about 78% of the global trade in 2015 according to World Trade Organization. The largest trading countries in that year were China and the US. The US was the world’s largest importer and second largest exporter after China. The top 20 trading countries are shown in the chart below: Click …