Americas collective debt, also called the national debt or the public debt, represents the money that the U.S. government owes to the owners of debt instruments that are issued by the U.S. treasury. There are several types of debt instruments issued by the U.S. Department of the Treasury. All of these items are collectively called treasuries.
America has always had debt. Since the 18th century, the country has carried a load of debt that has fluctuated with the political and social climate of the day. In 1860, Americas debt was $65 million. The Civil War brought about a major spike in the debt. World War I and World War II also brought about major rises in the debt. The latest American debt numbers have put it at its steepest numbers since the debt level spiked during World War II.
Link : www.visualeconomics.com
Source : http://www.visualeconomics.com
Following the financial crisis in Iceland, McDonald’s has decided to close its business and pull out of Iceland, as the country’s financial crisis has made it too expensive to operate its franchise.
The first McDonald’s in Iceland opened in 1993, the BBC reports, now 16 years on, the company has three outlets which it plans to close.
Besides the economy, McDonald’s blamed the “unique operational complexity” of doing business in an isolated nation with a population of just 300,00
When it comes to Internet access, not all plans are created equal. The data transfer speeds vary greatly around the world, as does the cost for basic access. As you can see, in Japan Internet speeds are blazing fast and cheap compared to those less fortunate users in other countries. In the United States, Internet users pay more for way less, but are still better off than users in Greece who connect at the slowest speeds in the world.
Source : http://www.billshrink.com