Amidst the financial crisis, reports from last month reveal that the US federal deficit had been catapulted to record territory in August, hitting $1.38 trillion with just one month left in the budget year.
It remains a concerning figure – not least because of the worries it has raised regarding the willingness of foreigners to continue purchasing Treasury debt. For that is where the debt comes from: US Treasury securities – a government debt issued by the United States Department of the Treasury, which other countries and institutions then buy.
In essence then, Treasury securities (in this case, Treasury bonds) are nothing more than glorified loans – and as the US Treasury releases data pertaining to this – it is becoming increasingly hard for the American people to get a grasp on the fact this is how their country borrows money.
The US is ranked #1 in some impressive areas but being #1 for incarceration isn’t something to brag about. In fact, more than 1 in every 100 adults in America are incarcerated at any given time. In some states such as Louisiana as many as 1 in 55 adults are incarcerated at any time. But even in states with fewer incarcerations like Maine, 1 in 226 are still incarcerated. In light of such numbers it isn’t surprising that the US has 25% of the world’s incarcerated population even though the US only makes up around 5% of the population globally.
Despite the huge population of incarcerated people it is far from a representative portion of the population. While the national average is 1 in 100, only 1 in 106 is a white male. Shockingly, 1 in 15 Black men are incarcerated. This is like 2 people out of every classroom. Comparatively 1 in 36 Hispanic men are incarcerated fully 300% more than their white counterparts.
Recent trips to the airport have left me in amazement at the seeming decline in airline provisions and the imposition of new fees on almost every service of value to travelers. Disheartening to say the least, what was once taken for granted can now ding you for a hefty chunk of your hard-earned money. With many airlines struggling to stay afloat, these fees are necessary in order to maintain their current level of service and implement new technologies that help them to remain competitive. Here is a handy guide to each airline’s pricing for additional services to help you know for what you are going to have to pay, before you buy your ticket.