Tag: China

McDonald’s across the world [Infographic]

City, Economy, Food, Industry, Life, Map, social, World

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

 

macdonalds

Source: http://www.bme.eu.com

Which countries which own America’s debt? [Infographic]

Economy, Industry

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.

 

usdebt

Source: http://www.usfst.com