Japan debt 200% of their GDP. 60% of revs go for interest on it. Considering raising their 5% sales tax. California facing a $19B shortfall this year. NJ's public pension system $100B in the hole. NY's may be $200B. IL spending a trillion more than it gets in revs. And we finally made it to our debt equal to our GDP - $14T. Way to go leaders. Add in debt of households, state and local govs it's $55B. Add in corp debt and obligations of social security and medicaid and now mediWHAT?! and it goes tripdigit. Pretty awesome, A? Mindmelding. Moneyboggling.
O yea, $14.29B is $100 bills stacked 9,721 miles high. Interest paid on our debt $413B in '10.
China expected to be largest car market in '11. 15% growth. Brazil has passed Germany. Russia the fastest growing car market in Europe. And China plans to grow stretegic petro reserve 100M bls to 500M over next few yrs.
Mongolian currency was best in '10. The Tugrik.
Duke E nearing agreement to buy NC-based Progress E ($13B). Would form largest utility. Progress has >22GW power gen cap. Duke ~ 35GW. If it flies, Duke would be 7M customers, $64B enterprise value. Atlanta's Southern Co. now largest.
Alaska pipeline shut down by leak. Carries ~15% of US crude output. Began ops in '77, >16B bls shipped. Prudhoe now producing ~400kbpd (400 thousand barrels per day).
Get 'cher bird umbrellas right 'chere, folks. Bird umbrellas heah. Just $14.29.
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