Saturday, June 10, 2023

Sat Stats

 Boris Johnson is stepping down immediately as a Tory MP after receiving an advance copy of the "Partygate report."

Four children aged 13 to 1 survived a plane crash in the Amazon Forest and then 40 more days, alone.

This is a provocative story. Last October the Saudis reduced oil production in tandem with Russia, the US chief global adversary, souring relations between Riyadh and its decades-old allies in Washington, D.C. The move infuriated President Joe Biden, who promised the Saudis there'd be "consequences" amid fears it'd spike domestic inflation and damage his prospects in the US midterm elections.  The crown prince's response, according to the documents, was to threaten the US with the prospect of economic calamity. That threat appears to have paid off. 


Sat Stats

 In 1990 America accounted for a quarter of the world’s output, at market exchange rates. Thirty years on, that share is almost unchanged, even as China has gained economic clout. America’s dominance of the rich world is startling. Today it accounts for 58% of the G7’s GDP, compared with 40% in 1990. Adjusted for purchasing power, only those in über-rich petrostates and financial hubs enjoy a higher income per person. Average incomes have grown much faster than in western Europe or Japan. Also adjusted for purchasing power, they exceed $50,000 in Mississippi, America’s poorest state—higher than in France.

American firms own more than a fifth of patents registered abroad, more than China and Germany put together. All of the five biggest corporate sources of research and development (R&D) are American; in the past year they have spent $200bn. Consumers everywhere have benefited from their innovations in everything from the laptop and the iPhone to artificial intelligence chatbots. Investors who put $100 into the S&P 500 in 1990 would have more than $2,000 today, four times what they would have earned had they invested elsewhere in the rich world. --The Economist

1 comment:

Custer said...

Don’t believe Bo Johnson , Jo Biden and never believe Lyndon Johnson