Money goes further in some states than others. Here is one way demonstration.
The Tax Foundation released a map showing the relative value of $100 in every state (compared with the national average using the data from the Bureau of Economic Analysis).
The same amount of dollars are worth almost 40 percent more in Mississippi than in D.C., and the differences become even larger if metro area prices are considered instead of statewide averages," writes the Tax Foundation. "A person who makes $40,000 a year after tax in Kentucky would need to have after-tax earnings of $53,000 in Washington, D.C., just in order to have an equal standard of living, let alone feel richer.
Here's the map:
The states with the smallest relative value of $100 were:
While the states with the largest relative value of $100 were:
Tokyo is the undisputed champion of mega-cities. With a population of 37.8 million, it dwarfs second-place Delhi. The Japanese capital has such a big lead in population that even though it’s expected to lose about half a million people over the next 16 years, it will still be the world’s biggest metropolis in 2030, according to a new report by the United Nations:
Here is a list of the Top 10 "mega-cities" by population in 2014 and projected in 2030.
Some of the mega-cities on the 2014 list aren't projected to rank as high in 2030 ... For example, New York, Osaka, and Sao Paulo will no longer make the top 10, and Mexico City will barely hang on as the sole representative outside of Asia and Africa.
This projection reflects the major shift driven by the urbanization in Asia and Africa, particularly in India (404 million projected new city dwellers by 2030), China (292 million), and Nigeria (212 million).
Why is the balance shifting so radically? Mostly because the rest of the world is already highly urbanized, while Africa and Asia are home to nearly 90% of the world’s remaining rural population.
Had a quick stop-over in Beijing and got to visit to the Great Wall of China.
Interesting to see how modern China is becoming.
My first visit to China was in the 1990s. A lot has changed (mostly for the better).
Here is a picture that compares today's Shanghai with what it looked like twenty years ago.
Progress.
Here is jigsaw graphic that shows the size of Africa relative to other countries.
via Kai Krause.
This video from the second season of "West Wing" presents other misleading map distortions.
Interesting stuff ... Click here for more.
We just passed the five-year anniversary of economic stimulus.
Here are some of the posts that caught my eye. Hope you find something interesting.
Swedish academic and Gapminder Foundation co-founder Hans Rosling says data doesn't always back up our conceptions about the world.
In the video, below, Rosling explains that our ideas about developed and developing countries largely reflect the reality of fifty years ago, rather than today.
This video, The River of Myth, was released to coincide with Bill Gates' annual letter, and shares its emphasis on the power of measuring to achieve progress.
How long would it take for an average person to earn a million dollars?
To find out, the Economist looked at how much the main breadwinner in an average household makes each year (before tax).
On this measure, America creates the swiftest millionaires, and also the most (around 5m households, or 4% of the total). South of the border, Mexicans can expect to work for three centuries to earn the same amount.
A lot of smart traders are putting greater emphasis and focus on Asia.
More Than Half Of The World's Population Lives Inside This Circle.
Take a look at this simple, but eye-opening, take on global population distribution.
There are more Muslims in the circle than outside of it. There are more Hindus in the circle than outside of it. There are more Buddhists in the circle than outside of it. Moreover, the circle pulls all of this off while being mostly water and including the most sparsely populated country on earth (Mongolia).
via valeriepieris on Reddit
OK, the 'circle' in this image is not actually a circle (it is a Winkel Tripel projection, to be precise), but that's besides the point.
By 2050, the U.N. predicts that 3.3 billion people will live just in Asia’s cities.
Clearly, a lot of people in the circle ... Yet, the chart below highlights why traders expect and believe that more smart money will move there.
by Aberdeen.
Here Are Some Links For Your Weekend Reading
Have you seen how they teach math recently?
Here are some of the posts that caught my eye. Hope you find something interesting.
Lighter Links:
Trading Links:
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