Monday, June 27, 2011

And now for the good news

Just kidding, I've got nothing (well, the market was up because the Fed promised to keep buying treasuries after QE2 officially ends).

The following chart is a little hard to read, but if you squint you can make out the projections from the Census Bureau for population levels in major nations. I think 40 year projections are fraught with problems but a couple of things jump off the page:

1) India adding over 460 million people in the next 40 years (more than the entire population of the US in 2050).

2) Nigeria's growth from 166 million people to over 400 million.

3) The growth of East Asia - India - 1.66 billion, Indonesia - 313 million, Pakistan - 291 million, and Bangladesh 250 million.

4) Russia and Japan tumbling to just over 100 million people each.

Quote of the day from a Canadian news report on their negotiations with the Chinese over oil reserves: "We’re not the 51st state. It’s not the business of the United States to decide where Canada sells its resources." Whoa, someone ate their Wheaties today didn't they?

Smack me in the forehead fact of the day:

"Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is $18.7bn - three times more than the reported $6.6bn.

Just before departing for a visit to the US, al-Nujaifi said that he has received a report this week based on information from US and Iraqi auditors that the amount of money withdrawn from a fund from Iraqi oil proceeds, but unaccounted for, is much more than the $6.6bn reported missing last week."

That $18.7 billion spread around our 53 million US school aged children would have put an extra $352 per child into our schools.


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