Author Archive

Hong Kong’s GDP as a Percentage of Mainland China Greatly Diminished

September 29, 2014

In 1997, Hong Kong’s GDP as a percentage of the Mainland Chinese GDP was 18%, but has decreased fifteen percent over the past fifteen years, to 3% today.

–from Vox.com

Educational Mobility Low in the United States

September 19, 2014

Educational mobility is quite low in the US, where the majority of people attain the same level of education as their parents, or worse. In other words, most people from uneducated families stay that way and vice versa.

–from The Economist

Countries That Have Declared Independence from the United Kingdom

September 17, 2014

Scotland votes on whether to secede from the United Kingdom tomorrow and, if they do leave, they will join a vast array of former UK nations, starting with the United States in 1776 and continuing for hundreds of years and on every continent.

–from GlobalPost

Half of Millenials Worth $10,400 or Less

September 5, 2014

richerthanhalf

Half of Americans under age 35 have a net worth of $10,400 or less, compared to average $81,200 for all families. Strikingly, Americans with a college degree have a median wealth $167,000 higher than those with only a high school diploma.

–from The Wall St Journal

Americans Employed Full-Time Work 47 Hour Weeks

September 2, 2014

Americans working full time work an average of 47 hours per week. Full time hourly employees work 44 hours a week. Other than a slight decline in 2003, full time employees have worked this many hours for more than a decade.

–from Gallup.com

Private School Enrollment Rates High for America’s Wealthy Families

August 15, 2014

 

Approximately 26% of children in households making more than $200,000 attend private schools. New Orleans has the highest percentage of children in high schools, at 25%. Click through to read the excellent, broad study of America’s private school market. The linked study does not cover charter schools, which are an important, free alternative to poor traditional public schools.

–from The Atlantic

Gentrification Highly Correlated to Neighborhood Racial Composition

August 7, 2014

The likelihood of gentrification is dependent on many variables, but one major indicator is racial composition. The likelihood of a neighborhood drops dramatically if more then 40% of the neighborhood is black. Likewise, neighborhoods with fewer than 35% white residents were significantly less likely to have gentrified between 1996 and 2009. Gentrification, it seems, can reinforce old borders of inequality.

–from The Atlantic’s CityLab

De Beers Share of Diamond Market Less than Half of Its 1989 High

August 4, 2014

Since 1989, De Beers has lost much of its diamond market share, falling from a high of 81% in 1989 to 36% today. When their new Canadian mine opens, they are expected to increase to 40%.

–from Paul Zimnisky

Current Ebola Outbreak Worst Recorded

August 2, 2014

The current ebola outbreak in Western Africa and Nigeria is the worst to day by a very large margin. More then 1,200 have been infected so far. More than twice the previous high infection count are already affected and it shows no signs of stopping.

–from the WHO

Majority of Americans Lost Wealth in the Past Thirty Years

July 28, 2014

changeinwealth

American median household wealth has declined 20% since 1984, in 2013 dollars. While the 75 percentile and higher gained wealth since then, the majority of Americans lost money over those thirty years. As a striking example, the median wealth fell from $87,992 in 2003 to $56,335 today.

–from Stanford


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