Few people think about if after flushing the toilet each morning, but the processing and disposal of human waste is actually a $100 billion business. Check this infographic how mint.com take a crack at the economy of sewage in America.
via www.mint.com
Who doesn’t dream of winning the lottery one day? Even people who don’t play probably fantacize every now and then about becoming a millionaire overnight: something few things but the lottery can help you achieve.
There is, of course, an entity that profits from the lottery no matter what: the state in which it is administered. Though the majority of the money collected from the sale of lottery tickets does go back into the jackpot, states collect their share. To find out which states collect the most, how much the winners get to keep and other interesting lottery facts, see our latest infographic.via www.mint.com
China's economy overtakes Japan's in real terms. China has become the world's second biggest economy according to data released on Monday August 16th.
via www.economist.com
The latest quarterly GDP data shows some countries growing strongly, but others are still suffering.
via www.guardian.co.uk
This recession was particularly ravaging to many businesses. ~1.5 million businesses have already closed their doors. Here is a more in depth look at where businesses are closing and why:
via www.businesspundit.com
Initial public offerings - when companies first make their stocks available for sale to the public—can generate incredible wealth. Last month, in the midst of a faltering economy, the Agricultural Bank of China sold $19.2 billion dollars worth of stock on its first day available, making it the third largest IPO in history. On August 5, traders will be able to excercise options that would count towards the IPO, perhaps pushing the ABC to the top of this list. Until then, this is a list of the largest IPOs in history in U.S. dollars.
via awesome.good.is
As we have seen over the past decade, putting your money in gold and gold funds can be a safe haven during times of economic uncertainty and market volatility.
Is gold really just an option of fear? via kiplinger.com
The Big Mac index is based on the theory of purchasing-power parity, according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world. Index shows that Asia remains the cheapest place to enjoy a burger, while those on the hunt for a value meal should steer clear of Scandinavia. The latest Big Mac index suggests the euro is still overvalued.
via www.economist.com
The S&P 500 is widely regarded as the best single gauge of the large cap U.S. equities market. Take a look at how the leading 500 companies in top industries are doing and the big changes that have impacted the U.S. economy in recent years.
via www.trademonster.com
While China cannot maintain its level of growth without a global recovery, it is still poised to become the most important economy in the world, surpassing the U.S. in its share of the global GDP sometime around 2020.
via www.kiplinger.com