Posts filed under “Data Analysis”
About 1.5 billion people, or 22 percent of the world’s population, lives in 600 cities. They account for an outsized portion of global wealth.
According to a new report by McKinsey & Co.:
Half of global GDP in 2007 came from 380 cities in developed-regions, with more than 20 percent of global GDP coming from 190 North American cities alone.
These urban areas are, in McKinsey’s words, “economic giants.”
To put the scale of urban economies into context, consider the largest cities in the U.S. The New York metropolitan area (which includes parts of New Jersey and Pennsylvania) is the economic equivalent of Australia.
Economically, Chicago’s metro area is roughly the size of Sweden and the Washington metro area is equivalent to Argentina.
Source: MoJo Last time we looked at this subject, we noted that There’s Rich, Then There’s the 0.01%. Since then, the disparity between rich and poor, as well as the rich and the really rich have widened further. As the chart above shows, the gap between the bottom 90% (in pink) and the…Read More
Today’s chart comes from a very interesting article on stock buybacks from Aswath Damodaran, a professor at New York University. He writes: This has been a big year for stock buybacks, continuing a return to a trend that started more than two decades ago and was broken only briefly by the crisis in 2008. The…Read More
This year’s benchmark: Surprisingly small From labor wonks at the Liscio Report: This morning the Bureau of Labor Statistics released the preliminary benchmark revision to the non-farm payroll, through March 2014. The annual benchmark is based on the unemployment insurance system’s records, which cover close to 100% of establishment employment, and are the last word…Read More
Source: National Association of Realtors Expensive home sales have been in the news a lot these days. The Wall Street Journal wrote about a “palatially priced” mansion in Florida listed at $139 million. The Los Angeles Times featured a Beverly Hills mansion listed at $85 million — interestingly, it was built on speculation. Business…Read More