Talking Points: November 11, 2019

November 11, 2019

There are 600 billionaires in the U.S., with more than 40% of them residing in California and New York. US News and World Report, March 8, 2019

“The poor have sometimes objected to being governed badly; the rich have always objected to be governed at all.” G.K. Chesterton

Disney films have accounted for 33.4% of the entire U.S. box office so far this year, raking in $2.7 billion in ticket sales. CNBC, October 17, 2019

For the first time since the government began keeping track in 1978, the U.S. posted an overall petroleum surplus totaling almost $300 million. MarketWatch, November 5, 2019

Manufacturing made up just 11% of gross domestic product this year, its lowest percentage since 1947. The figure compares with 13.4% for real estate and 12.3% for government. Bloomberg, October 29, 2019

Google’s new “quantum machine” needs less than 3½ minutes to perform calculations that would take a traditional computer 10,000 years, making the most powerful supercomputers look like mere toys. The New York Times, October 23, 2019

“The function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith

Never miss another Talking Points. Sign up here 

Image: Nick Youngson

Share this on: