2017 U.S. – China Trade

January 31, 2018 A picture is worth one thousand words. Here’s a chart of the U.S. trade deficit with China. 2017 : U.S. trade in goods with China (U.S. Census Bureau) NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not … Continue reading

Income Inequality Report – 2017

December 16, 2017 On December 14, 2017 renowned economists Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo, Lucas Chancel and Thomas Piketty published a comprehensive and exhaustively researched World Inequality Report. Here’s a summary of what they found. Income inequality has increased in nearly all world regions in recent decades, but at … Continue reading

Avatar Income

July 30, 2017 Background According to the 2016 World Economic Forum, “the Fourth Industrial Revolution, which includes developments in previously disjointed fields requiring college degrees such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also … Continue reading

Millions of Jobs To Disappear by 2020

The World Economic Forum (2016) warned that “the Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also to labor markets over the next five … Continue reading

Hydrogen Exports as a Specific Special Drawing Rights (SDR) Criterion

May 22, 2017   Background Historically, shifts in reserve currencies have brought pivotal changes in the global balance of power. Beginning with the 15th Century, which marked Western Europe’s global ascendancy, the currencies of the empires of Portugal (1450-1530), Spain (1530-1640), the Netherlands (1640-1720), France (1720-1815), Britain (1815-1920), the USA … Continue reading

Distribution of Wealth in the U.S.

April 22, 2017 The Wealth Distribution In the United States, wealth is highly concentrated in relatively few hands. As of 2013, the top 1% of households (the upper class) owned 36.7% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 52.2%, which … Continue reading

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