Cars are what make the world go ‘round. Both makers of cars and drivers of them are located everywhere, in just about every country. Read on to learn more about where the most cars are used and who makes the most vehicles in the world.
It might surprise you to know that the largest countries, like China and Russia, have the fewest number of vehicles per 100 people. These countries, as well as Turkey, Iran, Mexico, Brazil, most of South America and parts of Africa, have only 1 to 150 cars per 100 people. Many of these are third world countries where transportation, at least via personal car, is not a priority.
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.
In findings released yesterday, it has been discovered that the UK is severely lagging behind over the speed of broadband services. The survey carried out by Oxford University’s Business School and Spain’s University of Oviedo’s Department of Applied Economics, and sponsored by the networking company Cisco, carried out the survey looking at the quality of broadband.
Over half of the 66 countries studied enjoyed broadband connections at the level of performance required to deliver a consistent quality experience for most common web applications today, but some major countries such as the UK, Spain and Italy on average fell just below this threshold.
The EU has big plans for its renewable energy future, and much attention has thus far been directed towards wind generated power, with nations such as the UK and Germany leading the way in making the most of Europe’s wind potential. For this reason, the European Commission’s latest plan to reduce carbon emissions by pumping a huge slice of the 50 billion euros available for research and development into solar power, may raise a few eyebrows.
Power generated from solar panels and carbon capture-and-store technology are the two major components of the EU’s plans, as the commission tries to demonstrate how it is taking the necessary steps to meet ambitious carbon cutting targets. The plan, due to be released tomorrow, is a direct attempt to raise the EU’s profile before the UN summit meeting in Copenhagen in December on reaching a new global agreement to curb climate change.
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.