The Unbroken Window

YouTube alone uses more bandwidth today than the entire Internet did in 2000.

Read Full Post »

I found out that among Americans that live in Money Magazine’s “100 Best Places to Live”, the annual average amount spent on vacations was $8,250. That is roughly 10% of median (pre-tax) income (about $90,000). Assuming that the tax taking authorities avail themselves of 33% of income on average, that means that families in these […]

Read Full Post »

Rhetoric wins the day over reality. Here are two facts I stumbled upon recently:

Read Full Post »

During the period 1934-36, in the midst of the Great Depression, 59.2 percent of families reported that they earned more than they spent. I am curious what that number looks like today.

Read Full Post »

In 2004, of the 4.5 million public school employees (K12) around the nation, less than 55% were teachers. That is from the 2007 Digest of Education Statistics.

Read Full Post »

The average household in the United States generates one-third less trash each year than does the average household in Mexico. 

Yeah, I understand that Mexican households are likely larger, but American GDP per capita is over four times that of the Mexican GDP per capita (roughly $44k to $10.6k). See more here from the fine folks […]

Read Full Post »

The EU’s annual trade deficit with China is on track to surpass the U.S. deficit with China for the first time this year.

Of course the response of the EU? Higher tariffs. At least the Americans are not alone in their folly.

Read Full Post »

An eclectic econometrics professor of mine coined that title. Here is today’s installment:
 

… federal tax receipts — are up by nearly 15% in fiscal year 2005 alone, nearly 12% in fiscal year 2006, and projected to rise nearly 7% in the fiscal year that will end this month. That is the highest growth in tax […]

Read Full Post »