Businessinsider. How The 2016 Candidates Are Getting Their Money, In 1 Infographic : It's All Politics. Jeb Bush is getting all the millionaires, and Bernie Sanders is getting the small donors — those have been two prominent storylines in the 2016 money race for the presidency. But what about everyone in between? The Washington, D.C.
-based Campaign Finance Institute released data on campaign fundraising, and it paints a fascinating picture — which we decided to make into a literal picture. Here's how the different candidates' donation patterns stack up to each other: What we found is that in the era of looser rules, candidates seem to have adopted a variety of fundraising models (for more analysis, read how we broke these models down). And then, of course, there are the self-funded candidates. Campaign committees and superPACs are the main ways candidates are raising money this year — they are by far the most popular types of committees, and most candidates have both (and some have multiple superPACs).
Where the U.S. gets its oil from. Despite the fact that late-year gasoline prices have risen to the second-highest in recent memory, a new report from the UT Energy Poll shows that most Americans have little clue where their gasoline even comes from. According to the poll, 3 out of 4 Americans think that the U.S. imports the majority of its oil from somewhere in the Middle East. Yet when all of the U.S.’s oil imports are stacked up, oil from the Middle East comprises less than quarter of U.S. oil imports. In fact, the majority of the U.S.’s imported oil comes from countries in North and South America. If we look up the top 10 exporters of oil to the U.S., we might be surprised to find that our friendly neighbors to the north are the ones working the hardest to keep our gasoline tanks full.
(Or at least, 87% of us will be surprised by this!) You’re reading the chart right: the U.S. imported 701 million barrels of oil from Canada in only 6 months. Summary. 47% of Americans would have to Borrow or Sell Something to Cover an Unexpected Expense of $400. Financial security has been elusive for millions of Americans since the Great Recession ended. A new report (pdf) from the Federal Reserve demonstrates one way that this insecurity can manifest itself for people. As part of its October 2014 survey, the agency asked 50,000 people if they could handle an unexpected “financial disruption” costing them $400. Just over half (53%) said they could “fairly easily handle such an expense” by using money in their bank accounts (checking or savings) or by leaning on a credit card.
But for 47% of respondents, $400 was a tougher problem to handle. Within this group, 14% said they simply couldn’t cover it. This finding was buried within the Fed report that otherwise offered a rosier outlook on the state of Americans’ financial status. -Noel Brinkerhoff To Learn More: Report on the Economic Well-Being of U.S. Many Americans with Private Health Insurance Skip Necessary Treatments Due to High Deductibles (by Steve Straehley, AllGov) Rich got 14.6% richer in 2013. Global private financial wealth grew by 14.6 per cent in 2013 to reach a total of $152 trillion, with the spike in stock prices helping to power the expansion, according to a study from Boston Consulting Group. Wealth is growing most quickly in the Asia-Pacific area, excluding Japan, where it expanded by 30.5 per cent in the year.
The Asia-Pacific region is expected to overtake Western Europe in 2014 to become the second-wealthiest region and to beat out North America to become the wealthiest part of the world by 2018, the report said. The Boston Consulting Group has done an annual study of private wealth for the past 14 years, estimating the cumulative amount of cash and deposits, money market funds, and listed securities around the world. Wealth grows faster than economy The IMF estimates that the world’s economic growth in 2013 was 2.9 per cent and will rise to 3.6 per cent in 2014. 1 of 10 The U.S. had 7.1 million millionaire households, the highest number in the world. Surviving the post-employment economy - Opinion. A lawyer. A computer scientist. A military analyst. A teacher. What do these people have in common? They are trained professionals who cannot find full-time jobs. Since 2008, they have been tenuously employed - working one-year contracts, consulting on the side, hustling to survive.
They spent thousands on undergraduate and graduate training to avoid that hustle. Unemployed graduates are told that their predicament is their own fault. Changing your major will not change a broken economy. People devalued In the United States, nine percent of computer science graduates are unemployed, and 14.7 percent of those who hold degrees in information systems have no job. It is not skills or majors that are being devalued. Academics face particular derision for their choice of profession. It is true that the academic job market has been terrible for decades. Best of bad options Despite the dire employment conditions of higher education, young people continue to enrol in graduate school. It’s impossible to work your way through college nowadays, revisited with national data. Last weekend, I wrote a brief rant about how it’s far more difficult to work your way through college nowadays than 30 years ago.
Some folks took it for a scientific study rather than the rant it was, and criticized it for only looking at Michigan State University’s tuition trends. In response, I decided to run a proper analysis of national public university tuition data. With the help of some of my awesome Twitter followers, I managed to find a comprehensive data set of the in-state tuition costs for all public 4-year universities in the U.S. from 1987 through 2010. Combining that data with the Federal minimum wage trends from before, we get the chart below showing the number of hours a student would have to work on minimum wage to pay for 1 year of public university tuition in the U.S.
To save you the data wrangling, I’ll provide the data set here. Hours worked on minimum wage to pay for 1 year of public university tuition in the U.S. It's impossible to work your way through college nowadays. Update (3/29/14): I’ve written up an analysis of national tuition cost trends in a new blog post. It turns out that Michigan State University’s tuition situation isn’t uncommon!
Earlier today, I ran across a conversation about how the cost of tuition at Michigan State University (MSU) has changed over the years. I had just finished talking with my grandpa over the phone, and he had spent the latter half of the talk extolling the virtues of working your way through college (without family support), so I was rightly annoyed on the topic already.
The creator of the discussion pointed to the historical trends for MSU’s tuition, and in another comment pointed to the Federal minimum wage trends. Modern students have to work as much as 6x longer to pay for college than 30 years ago What we see is a startling trend: Modern students have to work as much as 6x longer to pay for college than 30 years ago. Half Of Interns Are Victims Of This Illegal Act After College. It's Really Not OK. U.S. income inequality, on rise for decades, is now highest since 1928. President Obama took on a topic yesterday that most Americans don’t like to talk about much: inequality. There are a lot of ways to measure economic inequality (and we’ll be discussing more on Fact Tank), but one basic approach is to look at how much income flows to groups at different steps on the economic ladder. Emmanuel Saez, an economics professor at UC-Berkeley, has been doing just that for years.
And according to his research, U.S. income inequality has been increasing steadily since the 1970s, and now has reached levels not seen since 1928. (The GIF file at the top of this post, created by Dorsey Shaw of Buzzfeed, compares growth in average income of the top 1% of Americans with everyone else.) Using tax-return data from the IRS, Saez has built extensive income-distribution datasets going back 100 years.
In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. Americans aren’t unaware of these trends. Topics: Income Inequality. 9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact. There's a chart I saw recently that I can't get out of my head. A Harvard business professor and economist asked more than 5,000 Americans how they thought wealth was distributed in the United States. This is what they said they thought it was. Dividing the country into five rough groups of the top, bottom, and middle three 20% groups, they asked people how they thought the wealth in this country was divided.
Then he asked them what they thought was the ideal distribution, and 92%, that's at least 9 out of 10 of them, said it should be more like this, in other words more equitable than they think it is. Now that fact is telling, admittedly, the notion that most Americans know that the system is already skewed unfairly. So ignore the ideal for a moment. But let's look at it another way, because I find this chart kind of difficult to wrap my head around. So here's that ideal we asked everyone about. But let's move on. Sadly, this isn't even close to the reality. A CEO Tried To Give A Senator A Math Lesson. So She Had To Calmly Explain How Math Actually Works. The Correct US Poverty Rate Is Around And About Zero. Why Are American Health Care Costs So High? The "Tytler" Insult -- Is Democracy Hopeless?
Well... it's back. One of the best examples of a mass-hypnotic pseudo-wisdom that helps to lobotomize politics in American life. "A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse over loose fiscal policy, (which is) always followed by a dictatorship.
" This widely-circulated nostrum is called the "Tytler Calumny" and it is the great example of what has gone wrong with the mental processes of our friends on the right, who used to be represented in sage debate by great minds like Barry Goldwater and Friedrich Hayek and William F. Buckley... but who are now reduced to slinging around aphorisms and fact-free fox-assertions. Ah. Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama? Eight causes of the deficit "fiscal cliff." Which party is most responsible? To many U.S. voters, one issue towers foremost -- the Fiscal Cliff of rising public debt. We appear to have come a long way since Vice President Dick Cheney famously said "deficits don't matter.
" Today, frightened by much-worse debt crises in Greece, Spain etc, Americans fret about floods of red ink that reached more than a trillion dollars a year under George W. Bush, and that have gone down only slightly under Barack Obama. Wasn't it just a little while ago that we were paying down the debt, under Bill Clinton? And something will be done soon! Is that prospect so bad? Alas, having barely veered out of a genuine Depression and into deep recession, this is no time to reduce the velocity of money by hitting the spending power of the Middle Class. == Getting better at last? Worth noting: according to statistics released this week, the average American has finally paid down most of the excess private debt that he or she built up during the Bush years. == Eight Major Causes of the U.S.
FACT CHECK: Presidential debate missteps. WASHINGTON (AP) — President Barack Obama and Republican rival Mitt Romney spun one-sided stories in their first presidential debate, not necessarily bogus, but not the whole truth. They made some flat-out flubs, too. The rise in health insurance premiums has not been the slowest in 50 years, as Obama stated. Far from it. And there are not 23 million unemployed, as Romney asserted. Here's a look at some of their claims and how they stack up with the facts: OBAMA: "I've proposed a specific $4 trillion deficit reduction plan. ... THE FACTS: In promising $4 trillion, Obama is already banking more than $2 trillion from legislation enacted along with Republicans last year that cut agency operating budgets and capped them for 10 years. Obama's February budget offered proposals that would cut deficits over the coming decade by $2 trillion instead of $4 trillion.
Romney seems to be resurrecting the assertion that Obama's law would lead to rationing, made famous by former Alaska Gov. View gallery. How Lobbyists Literally Run The Country.