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At the end of the Clinton Administration in 2001, the United States was on track to pay off its debt over the next decade.
The past ten years has drastically changed that, beginning with President’s Bush’s tax cuts, the financial crisis and ending with a 2011 total public debt or $10.4 Trillion.

The info-graphic below details the government polices that have contributed to public debt over the past decade.

Click to enlarge in a new window.

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Posted By: Ian - Category: business & economy

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Government Debt by Country

June 10th 2011 03:09

Government debt is money (or credit) owed by a central government.
As the government draws its income from much of the population, government debt is an indirect debt of the taxpayers. Government debt can be categorized as internal debt, owed to lenders within the country, and external debt, owed to foreign lenders. Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from supranational institutions.

The info-graphic below details government debt for countries around the world as a percentage of the GDP or Gross Domestic Product.

The countries with the largest government debt are:

1. Japan at 226%
2. Greece at 130%
3. Italy at 118%
4. Belgium at 100%
5. Ireland at 94%
6. The United States at 93%
7. France at 84%
8. Portugal at 83%
9. Canada at 82%
10. Hungary at 78%
11. Britain at 77%
12. Germany at 75%

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Posted By: Ian - Category: business & economy

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Aftermath of the Japanese Earthquake

June 3rd 2011 03:52

The aftermath of the 2011 Tohoku earthquake and tsunami included both a humanitarian crisis and a major economic impact. The tsunami resulted in over 300,000 refugees in the Tohoku region, and shortages of food, water, shelter, medicine and fuel for survivors.

Some analysts are predicting that the total recovery costs could reach ¥10 trillion ($122 billion). The northern Tohoku region, which was most affected, accounts for about 8% of the country's gross domestic product, with factories that manufacture products such as cars and beer, as well as energy infrastructure. It includes the northern Miyagi prefecture, where Sendai is located, about 300 km (180 miles) northeast of Tokyo. The Miyagi area includes manufacturing and industrial zones with chemical and electronics plants. It is estimated that Miyagi accounts for 1.7% of Japan's gross domestic product.
An estimated 23,600 hectares of farmland, mostly rice paddies, were damaged by the tsunami. Salt left in the soil by the seawater could adversely affect rice crops for years. The affected area accounts for as much as 3-4% of Japan's rice production.

The info-graphic below summarises the quake impact on Japan from both a humanitarian and economic perspective.

click to enlarge

*This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article for Aftermath of the 2011 Tohoku earthquake and tsunami

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Posted By: Ian - Category: business & economy

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Libya

May 27th 2011 02:55

Libya is a country in North Africa. Bordered by the Mediterranean Sea to the north, Libya faces Egypt to the east, Sudan to the south east, Chad and Niger to the south, and Algeria and Tunisia to the west.
As a result of the 2011 Libyan civil war, there are currently two entities claiming to be the official government of Libya, Muammar Gaddafi, and The National Transitional Council of the Libyan Republic, led by Mustafa Abdul Jalil.

With an area of almost 1,800,000 square kilometres (700,000 sq mi), Libya is the fourth largest country in Africa by area, and the 17th largest in the world. The capital, Tripoli, is home to 1.7 million of Libya's 6.4 million people. Libya has the 10th-largest proven oil reserves of any country in the world and the 17th-highest petroleum production.

Coming to international attention with the civil war, the info-graphic below details the important information about Libya as it currently stands.

click on the infographic to open the full version in a new window.

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Posted By: Ian - Category: business & economy

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What $1 Looks Like in Other Currencies

May 25th 2011 02:39

As reported on the Atlantic (link above to full article), US$1 may look plain but what is it equivalent to in the rest of the world, both real and virtual?

$1 IS EQUAL TO ...

1,200 MONGOLIAN TOGROG, OR TUGRIK

Sure, the conversion rate doesn't look promising. But take a closer look. Thanks to demand for its mined metals, Mongolia's togrog rose 15% against the dollar in 2010, the highest performing currency in the world.

62 PENCE (.62 POUND)

The British pound is famously unforgiving to American tourists, but ... hey, at least it's pretty! The latest redesign cleverly features an incomplete portion of the Royal Shield on all new pence coins and the full shield on the full one-pound coin.

10 FACEBOOK CREDITS

With 600 million accounts worldwide, Facebook's user base is now twice the size of the United States. So maybe it makes sense that Facebook Nation has its own currency. Exchangeable through many tangible currencies, like British pounds and South African dollars, the Facebook credit can be redeemed within the social network to play games and buy toys -- not unlike a Chuck E. Cheese token, but for Farmville and other online games. According to Inside Network, the Facebook sold nearly $1 billion worth of credits in 2010.

80 JAPANESE YEN

The Yen took center stage in the news recently when it rose to a record high on March 26. Within hours, the FT reported, the Yen settled near 80 again, as central banks from the G7 joined hands to weaken the currency. A strong currency would have made imports more affordable for the Japanese -- at the cost of raising the price of their exports.

500 WORLD OF WARCRAFT GOLD

World of Warcraft is a virtual phenomenon, a mega-multiplaying universe that has captivated millions of players and billions of computer hours. And so, the ability to buy weapons, sustenance, land and more requires its own currency.

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Posted By: Ian - Category: business & economy

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Carbon Dioxide Emissions By Country

March 25th 2011 02:15

As seen on Yale Environment 360, The Guardian has produced a new graphic showing the relative size of CO2 emissions by nation, with China and India experiencing significant growth in 2009, while emissions dropped in the U.S., Canada, Europe, and Russia. With its CO2 emissions rising 13.3 percent from 2008 to 2009, China is by far the world’s leading emitter of CO2, producing 7.7 billion tons in 2009 — 1.7 billion more than the 5.4 billion tons emitted by the United States. India’s emissions rose 8.7 percent to 1.6 billion tons, making it the world’s third-largest emitter of CO2. Because of the economic recession and the growing role played by renewable energy, CO2 emissions in the U.S., Europe, and Russia declined by roughly 7 percent in 2009. The biggest drop in CO2 emissions was in Ukraine, where emissions fell 28 percent, and Chile posted the biggest increase, with emissions rising 74 percent. The U.S. remains by far the biggest emitter per capita, with 18 tons produced per person. China emits 6 tons per person and India only 1.3 tons per person. Global emissions remained essentially unchanged in 2009, at 30.4 billion tons.

How does your country compare to the big global polluters. Click below to see

[ Click here to read more ]

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Posted By: Ian - Category: business & economy

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Education Vs Employment

March 18th 2011 02:13

How does your level of education affect your earning prospects?
Does it make any difference if you complete college or not?
For college graduates, is perusing a higher degree worthwhile

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Posted By: Ian - Category: business & economy

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The Index of Economic Freedom

March 4th 2011 01:49

The Index of Economic Freedom is a series of 10 economic measurements created by The Heritage Foundation and The Wall Street Journal. Its stated objective is to measure the degree of economic freedom in the world's nations.

The Heritage Foundation and the Wall Street Journal created the Index of Economic Freedom in 1995. According to Heritage, the creators of the Index took an approach similar to Adam Smith's The Wealth of Nations that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society

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Posted By: Ian - Category: business & economy

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America's Most Expensive Colleges

January 17th 2011 01:20

As reported on Forbes.com (click above to read the full article), the price tag for a year's worth of study at America's most expensive colleges is close to $60,000.
Below we take a look at the top 5 most expesnive colleges in the USA.
These costs don't include books, personal expenses, insurance or other miscellaneous costs

[ Click here to read more ]

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Posted By: Ian - Category: business & economy

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How Much Does It Really Cost to Raise a Child

January 14th 2011 01:54

Raising a child from birth through to age 17 will cost you $222,360 on average.

The info-graphic below from Visual-Economics breaks down this cost into age brackets and categories such as child care and education, health care, food, clothing, housing and transportation

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Posted By: Ian - Category: business & economy

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How To Be A Smart Money Saver

January 7th 2011 02:26

The info-graphic below from savings.com looks at how the brain of a successful saver would work.
The lessons learned here can be applied to your own savings technique.

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Posted By: Ian - Category: business & economy

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Most Powerful News Outlets In The World

January 3rd 2011 01:19

Askmen.com (click the link above to view full article) have put together a list of the news agencies which have the most political and social influence on our world.

Below is an extract and a few top 10 agencies from the article

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Posted By: Ian - Category: business & economy

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How Do Couples Divide Their Money?

December 31st 2010 01:58

What is the average threshold price at which couples need to consult with their partners before making a purchase?
Do couples keep individual savings and retirement accounts?
What about debts - do you keep yours separate from your partner or even disclose them fully

[ Click here to read more ]

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Posted By: Ian - Category: business & economy

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How Are (or Aren't) Americans Spending Their Time?

November 5th 2010 03:12

Since the global financial crisis hit in 2007 Americans have been spending less time at work, shopping and on leisure activities and more time watching TV and sleeping.
The info-graphic below from degreesearch.org breaks down how the average American spends their time each day and how this has changed over the last couple of years.

[ Click here to read more ]

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Posted By: Ian - Category: business & economy

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