Month: February 2010
Wondering what companies made the most money in 2009? Look no further than your car’s gas tank. Companies involved in the oil business dominate the list of the most successful worldwide businesses of 2009. And if you’re looking for those companies that suffered the biggest losses after the economic crisis of 2009, you’d do well to focus your attention on the housing and auto industries. The list of the top-10 biggest losers of the year is dominated by companies working in these businesses.
The names of the biggest winners and losers of 2009 shouldn’t be much of a shock to anyone who followed the news coverage of the country’s continuing economic slump. For instance, the biggest loser of 2009 was insurance giant AIG, which posted a loss of more than $99 billion dollars in 2009. AIG had reported a healthy profit, of $9.3 billion, as recently as 2007. The insurance company, though, was at the forefront of the country’s economic crash, and received loads of bad press as it relied on a huge government bailout to stay afloat.
Big Dollars on the Campaign Trail
If you were a Democrat running for office in the 2010 election cycle, you had to have been a fan of lawyers, health professionals and real estate companies. That’s because these groups probably gave you healthy campaign contributions.
On the other side, if you were a Republican seeking office, you, too, must have been fond of lawyers, health professionals and real estate agents: They probably threw some dollars your way, too.
A Global History of Debt: National Debts Rise and Fall in the Last 10 Years
We all read about the U.S. national debt, and whether we should be concerned that it’s in the $12 trillion range these days. But the United States isn’t the only country carrying a huge amount of debt. In fact, it seems that operating just about any country is a money losing proposition.
According to the CIA’s Worldbank data, the majority of countries carry huge sums of national debt. And for most countries – although there are exceptions – that debt is constantly rising.