• 83 percent of all U.S. stocks are in the hands of 1 percent of
the people.
• For the first time in U.S. history, banks own a greater share
of residential housing net worth in the United States than all
individual Americans put together.
• As of 2007, the bottom 80 percent of American households held
about 7% of the liquid financial assets.
• The bottom 50 percent of income earners in the United States
now collectively own less than 1 percent of the nation's wealth.
• Approximately 21 percent of all children in the United States
are living below the poverty line in 2010 - the highest rate in 20
years.
• Despite the financial crisis, the number of millionaires in
the United States rose a whopping 16 percent to 7.8 million in 2009.
• The top 10 percent of Americans now earn around 50 percent of
our national income.
(from the article here:
http://finance.yahoo.com/tech-ticker/the-u.s.-middle-class-is-being-wiped-out-here%27s-the-stats-to-prove-it-520657.html?tickers=%5EDJI,%5EGSPC,SPY,MCD,WMT,XRT,DIA)
2010-07-26
2010-07-12
Blacks, Hispanics Continue to Lead in Mobile Data Usage - eMarketer
interesting stuff concerning the present:
quote of the moment
"Predictions of the end of civilization are nothing new, but the direst
prognosticators have, traditionally, existed on the fringes of society
where their dark visions can be comfortably attributed to an excess of
libertarianism or a shortage of Prozac."
prognosticators have, traditionally, existed on the fringes of society
where their dark visions can be comfortably attributed to an excess of
libertarianism or a shortage of Prozac."
-- bruce watson
2010-07-09
companies that may die in 2011
pulled this off y!, who in turn grabbed it from a Douglas A. McIntyre article on 24/7 wall street.
***
Reader's Digest
Blockbuster
Dollar Thrifty Automotive Group
T-Mobile
Moody's Corp.
BP: (i'm leaving their description because it's interesting) The case against the BP brand is not so much that the company will enter bankruptcy. It is that BP may end up breaking into pieces for its own sake. This may be to put the liabilities for the Deepwater Horizon spill into a company that also holds escrow capital to cover the huge costs of clean-up and suits. BP may also want to separate its successful refining operations from its exploration business, or recreate an American- based company similar to BP America, which existed for two decades. A restructuring of BP would also allow the firm to take a badly crippled brand and give the oil operation a new name -- much as it did when it changed its name from British Petroleum. The second time may be the charm.
RadioShack
Zale Corp.
Merrill Lynch
Kia Motors Corp.
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