Finally, we compute the median of the size-adjusted household incomes. Middle-income households, by our definition, earn as much as twice the median income or as little as two-thirds the median. This results in a range of $40,667 to $122,000 for a middle-income American household of three in 2013.
Now, let’s take a look at our major findings on the trends for America’s lower-, middle- and upper-income households.
As part of a different discussion, I noticed the other week that the Fed stepped up purchases of agency mortgage debts considerably since they 'ended QE' and own a boatload of them.
Janet and Bill Dudley must be running handcarts up and down Wall and Broad Streets telling the Banks to, 'bring out your dead.'
During that time, he said, he spoke regularly with a CIA handler and allowed the agency to create a fake company under his corporate umbrella, which included shipping and trucking companies he ran at the same time he led the bank. Operatives in the field used the fictitious firm as cover when traveling the world, complete with business cards and hats. Mr. Hale said he worked under “nonofficial cover,” in which his identity was unassociated with the U.S. government.
“The hottest growth area in the whole international education area” is how Cheryl Matherly, vice provost for global education at the University of Tulsa, describes internships. “It’s a way to really make the international experience more relevant.”
There is no good data over time, but according to the Institute of International Education, almost 20,500 Americans participated in for-credit internships in 2012-13, while about 15,000 interned, worked or volunteered abroad for no credit.
Global debts rise $57tn since crash (westcoastjan)
But a further five have seen massive increments in their indebtedness: the debts of China have risen by 83 percentage points, Portugal's by 100 percentage points, Greece's by 103 percentage points, Singapore's by 129 percentage points and Ireland's by 172 percentage points.
And before we move on, you can see from these trends why it would be politically so inconvenient (ahem) for the eurozone to let Greece off its debts – since Portugal and Ireland, among others, would be bound to demand some of the same forgiveness.
Germany: A Sign Of Hope For Europe? (Tyler K.)
Clearly, a snapshot of a morning in the life of Marienplatz does not a bigger trend make. This is, after all, a tourist hotspot and the center of Münich’s municipal government. One would expect to see more economic activity in the area. Though, to be fair, the only tourists I saw crazy enough to visit Münich in the dead of snowy winter were a few Chinese couples, some Brits and me (but I’m here finishing a book and taking the pulse of the German economy for my Sovereign Investor readers).
Obviously the companies who employ (or, don’t employ) contractors benefit. So too do their payment processors. Even the consumer does. That’s certain. Here in San Francisco, where a corrupt and broken taxi system has long failed us, it’s hard not to love Lyft and Uber’s amazing degree of efficiency, both in how well they work and how little they cost, comparatively.
Yet More BP Oil Found At Bottom Of Gulf (Evan K.)
Scientists already have reported finding what they called a 1,235-square-mile “bathtub ring” of oil on the floor of the Gulf of Mexico left over from the huge 2010 BP oil spill. Now it appears this ring is part of a washroom set: A different team of scientists has found that up 10 million gallons of oil have created what can only be called a “bath mat” beneath the sediment of the gulf’s floor. First the ring. David Valentine and colleagues from the University of California at Santa Barbara wrote in the Proceedings of the National Academy of Sciences in October 2014 that about 10 million gallons of the spilled oil settled on the gulf’s floor. Its size: about the size of the state of Rhode Island. But what about the rest? As much as 200 million gallons of oil were spilled after the Deepwater Horizon oil rig, owned by BP and Anadarko Petroleum Corp., exploded off the coast of New Orleans, killing 11 workers on the rig and injuring 17 more, and allowing oil to gush into the gulf for nearly three months.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."