Did you know that more than three fourths of Texas population born in state still lives in Texas.Other states which are between two thirds and three fourths, include North Carolina, Georgia, California, and Wisconsin.
In the US, between 1980 and 2006, Bachelor’s degrees increased the most in the Computer Science and Business, while the biggest drop came from Education and Engineering!
Did you know that in most of the large US cities, more than two thirds of the people live in the urban(the dense, central part of the city) and one thirds live in the sub-urban (adjacent to the urban) part of the city.
Did you know that the US manufacturing is concentrated in the following areas –
1)Biomedical= Minneapolis/St, Paul, MN, and NC
2)Technology = Los Angeles,
area and NC
4)Auto parts = Detroit, MI
5)Aerospace = Seattle, WA
Put it in perspective-
US GDP is close to $14 trillion; US national debt is over 10 trillion; DOW market value decline is close to $8 trillion; China GDP is over $3 trillion; Wealth of Forbes’ 400 richest people is over $1.5 trillion.
If you spend a dollar to buy goods or services, 70 cents of the dollar directly goes to boost the economy.
Not so fun fact…there are 15 million home owners with questionable mortgage loans.Experts believe that 2/3 or 10 million have potential of foreclosure.
Do you know that one out of three mortgage applications are rejected because of poor credit history? Read why it is important to be responsible with money? Volume 12
Six out of 10 teens consider learning about managing money their top priority.
The DOW manages to extend gains from last week
The DOW managed to gain over 50 points this past week.This gain followed almost 600 points jump from the previous week.The key piece of positive news this week came from the Housing Starts and Building permits which saw a surprising increase for the month of February.The increase in the Housing Starts and Building Permits number can be a sign of improvement in the housing market which has been struggling for a while.If sustained, it could stimulate the housing related jobs, purchase of goods which go into houses, and finally the economy (GDP).
The DOW closed up 55 points, or 0.7%, the S&P500 was up 10 points, or 1.3%, and NASDAQ up 12 points, or 0.8%, for the week ending March 20th.Year-To-Date (YTD) S&P500 is -14.9%, DOW is -17.1% and NASDAQ is -7.6%. Oil closed at $51.06 per barrel this week.
The Feds decides to buy $750 billion worth of mortgages
a) Decision to purchase up to an additional $750 billion worth Mortgage-Backed-Securities bringing the total to $1.25 trillion this year.
b) It will also increase the purchase of debts (loans) by up to $100 billion to a total of $200 billion.
c) To help improve the credit markets, it will purchase up to $300 billion of Long Term Treasury Securities over the next six months.
What are Treasury Securities?
Treasury Securities are interest bearing certificates issued by the US Department of Treasury with a promise to repay a sum of money (the principal) plus interest at specified dates in the future.Treasury Securities issued by the US government for a short term (or less than a year) are called Treasury Bills or T-Bills.
Treasury Securities are one of the ways the US government finances its own money needs. So far the US National debt is over $11 Trillion. The top three countries holding US Treasuries are China (over $700 Billion), Japan (over $600 Billion) and the Organization of the Petroleum Exporting Countries (OPEC) (over $200 Billion).
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"Starbucks Corporation (Ticker SBUX) has sales of over $10 billion. It sells whole bean coffees, brewed coffees, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores worldwide. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington."
Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.