Farewell. The Flying Pig Has Left The Building.

Steve Hynd, August 16, 2012

After four years on the Typepad site, eight years total blogging, Newshoggers is closing it's doors today. We've been coasting the last year or so, with many of us moving on to bigger projects (Hey, Eric!) or simply running out of blogging enthusiasm, and it's time to give the old flying pig a rest.

We've done okay over those eight years, although never being quite PC enough to gain wider acceptance from the partisan "party right or wrong" crowds. We like to think we moved political conversations a little, on the ever-present wish to rush to war with Iran, on the need for a real Left that isn't licking corporatist Dem boots every cycle, on America's foreign misadventures in Afghanistan and Iraq. We like to think we made a small difference while writing under that flying pig banner. We did pretty good for a bunch with no ties to big-party apparatuses or think tanks.

Those eight years of blogging will still exist. Because we're ending this typepad account, we've been archiving the typepad blog here. And the original blogger archive is still here. There will still be new content from the old 'hoggers crew too. Ron writes for The Moderate Voice, I post at The Agonist and Eric Martin's lucid foreign policy thoughts can be read at Democracy Arsenal.

I'd like to thank all our regular commenters, readers and the other bloggers who regularly linked to our posts over the years to agree or disagree. You all made writing for 'hoggers an amazingly fun and stimulating experience.

Thank you very much.

Note: This is an archive copy of Newshoggers. Most of the pictures are gone but the words are all here. There may be some occasional new content, John may do some posts and Ron will cross post some of his contributions to The Moderate Voice so check back.


Sunday, April 15, 2012

The Motley Fool -- 50 Amazing Numbers About Today's Economy

By John Ballard

Lot of stuff here I already knew. Lots more I didn't. 

47. A record $6 billion will be spent on the 2012 elections, according to the Center for Responsive Politics. Adjusted for inflation, that's 60% more than the 2000 elections.

45. Adjusted for inflation, federal tax revenue was the same in 2009 as it was 1997, even though the U.S. population grew by 37 million during that period.

42. According to The Wall Street Journal, "U.S. refineries are producing more gasoline and diesel than ever. And Americans' gasoline consumption is at an 11-year-low."

 38. The Census Bureau now classifies nearly 1 in 6 Americans as living in poverty.

35. According to Goldman Sachs' Jim O'Neill, China's growth creates the equivalent of a new Greece every 90 days.

 30. Americans age 60 and older owe $36 billion in student loans.

29. The average vehicle on the road today is 10.8 years old -- an all-time high, and two years older than in 2000.

19. In 2009 and 2010, 93% of the nation's income growth went to 1% of wage earners, according to economist Emmanuel Saez; 15,600 households captured 37% of all national growth.

18. Growth in health care spending in 2010 was the lowest in half a century.

17. In 2010, President Barack Obama set what looked like an unrealistic goal of doubling U.S. exports by 2015. After growing an average of 16% a year since, the goal is on track to be met ahead of schedule.

13. We imported 60.3% of our oil in 2005. In 2010, that figure was 49.2%, and will likely drop further as domestic production rises.

12. For the first time since 1949, the U.S. is now a net exporter of fuel products like gasoline and diesel.

6. A 2008 Swedish study found that unemployed people gradually lose the ability to read. 

3. The combined assets of Wal-Mart's (NYSE: WMT ) Walton family is equal to that of the bottom 150 million Americans.

2. As the economy tanked in 2009, the top 25 hedge fund managers collectively earned $25.3 billion. On average, that works out to about $2,000 a minute for each manager.

1. Household debt payments as a percent of income are now the lowest since 1994.


1 comment:

  1. A lot of these statistics are cherry picked precisely for the purpose of creating dramatic numbers, something The Motley Fool does routinely.
    47. Comparing the 2012 election to 2000? Come on, there have been three presidential elections in between those two, but a 60% difference creates drama, so they chose those two.
    45. Tax revenue for 1997 and 2009? Given inflation, employment rates and other factors, those two years are not sufficiently comparable for the equality of revenue to have any meaning.
    18. Growth in health care spending may have been the lowest in half a century, but the ACA was supposed to "bend the cost curve downward" and it is still upward, and we still spend more than twice what any other developed nation does, so that little statistic is pretty meaningless.
    There are, as the saying goes, "lies, damned lies and statistics."