pico's thinkery

news by the numbers

news by the numbers

Apr 25, 2012
In the past few days I've heard a bunch of numbers and stats in the news:

Apple profits up 96%; 35 million iphones sold this year (up from last year for the same time period; that's nearly 12% of the US population).
In 2006, Ford borrowed $23.5 billion in the form of a restructuring loan. Wow, where did that money come from?
Walmart has 3900 stores in Mexico where the market is 10% that of the US which has fewer (2900?) stores. It continues to open new stores on the order of 600+ per year. All that amid scandal which includes bribery and coverups.
The Formula 1 racing industry spends billions of dollars each year. Wonder what the total is with NASCAR and Indy 500?
It costs appx $180,000 per hour for the US president to fly on Air Force One.
The 2012 campaigns for the US presidency will spend in the neighborhood of $700-$750 million each. Yes, that's $1.4-1.5 BILLION spent to elect one government official.
Bovis Lend Lease will pay $56 million for overbilling fraud. This has been going on for years. How many other companies are there out there doing stuff like this? There seems to be a new story about corruption and/or scandal every week whether it's a corporation, an individual or an official. What has happened to this country's moral fiber?
Henry Rowan donated $100 million to Glassboro State University (NJ) in 1992. It is now known as Rowan University and looking to expand by merging with a branch of Rutgers (Camden). Pretty impressive. We need more like him.
The 50% discount on the interest rate for student loans will expire soon. Apparently it's very expensive to offer money for education at a discount. Is an uneducated population a better choice? We need a better system for education finance.

Seems like there is lots of money changing hands, so why is the economy deemed so poor?
Why are taxes still so high and yet the debt ceiling had to be raised? Where is it all going? Who is taking it home?