Second only to China. And about a million will die in India this year due to diabetes. (Source). It could be the lack of awareness that makes these numbers so high. It could also be due to food habits – but these numbers are huge, for a disease that can actually be cured if taken care of.

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November 14, 2012 4:37 pm | Posted in

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We spotted this stat today, that US taxpayers could be looking at a 100 billion dollar bill, caused by student loan defaults (Source) in the next 3-4 years. We are looking at the highest default rate in 14 years. The current default number is 13.4 percent, and it will go up again. And it is a ‘Trillion dollar student debt’ generation.

We had written about the Education-Employment connection before. Hopefully, the right jobs would get created for all the freshly minted graduates.

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November 14, 2012 3:12 pm | Posted in

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Well we don’t know how many of us would be convinced by this data point – we spotted a stat today, that purely from a happiness standpoint, a 75K salary per annum seems to be the ‘tipping point’ in many ways – particularly, that is claimed to be the point when any increase beyond that has negligible effect on happiness, and anything below that has dramatic impact on happiness. (Source via this)

Two observations: 1. It is surprising how data from 2010 is still being used – and is probably relevant as well. 2. The number is derived based on a survey of about half a million people, so the standard error would not be very high.

There are more dimensions to this. Location. Industry. Experience. Assuming that the survey was a representative sample (we do not know if it was) – the number should still hold.

The other point is that the variable being inferred, happiness, is as subjective as variables can get. But then, this one should also be fairly easy to digest – like the stat that said the average working American spends over 5 dollars a day on coffee. That sounds about okay.

But 75K? What do you think?

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November 9, 2012 1:01 pm | Posted in

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Well, we know about a couple of billion dollars were spent on this election by the two candidates put together. Using actual numbers, the total comes to 1.605 billion USDs (Source). We also know that the average American collected 295 USDs in weekly unemployment benefits in 2010 (Source). Back of the envelope math shows that with the amount spent on this elections, the government could have funded the unemployment benefits for ONE YEAR, for about 104641 Americans.

No big revelation here, of course – just an understanding of the relative scale of things. 100,000 is not a small number!

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November 8, 2012 3:22 pm | Posted in

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Well, the connected car is turning out to be the next big thing, slowly, but surely. We had spotted some stats on connected cars in the past – we spotted this stat on Ford Sync installations today – installed in 5 million cars (Source)

Interesting intersections will now become possible – smartphones, tablets, car dashboards.

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November 6, 2012 3:44 pm | Posted in

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We had spotted multiple stats on IT spending, we spotted this interesting one today – after a bad 2012, the IT spend, atleast in the EMEA region, will go up in 2013, to a total of 1.154 Trillion dollars (Source)

How do we digest this number? 2013 worldwide IT spend projections from Gartner is some $3.17 Trillion USDs. So thats the first inference – EMEA is a little more than one third of the world IT spend.

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November 6, 2012 3:01 pm | Posted in

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We had spotted multiple stats on Apple sales and some interesting stats on how GE paid effectively zero tax. We spotted a stat today, that outside the US, Apple paid just 2 percent tax (Source)

How do we digest this? What is the scale of this number? Let us try this: Apple makes more than 55 percent of its revenue from outside the US. When you put the 2 percent tax rate in that context, this suddenly is a big deal.

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November 5, 2012 3:01 pm | Posted in

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Sometimes you just stop and think, who is buying all these phones – every new model that comes out, millions are sold. We spotted this stat today, that the latest Samsung smartphone, the Samsung Galaxy SIII, has sold some 30 million units so far (Source) – we had spotted multiple samsung smartphone stats in the past, and we always knew that in the smartphone business, Samsung has been doing extremely well.

How else can we digest this stat and get the millions right? One way, is to just say that a great phone would sell 1 to 1.5 million units a week in the first few months. That would be about right, for most of the smartphones that came out in the last couple of years.

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November 3, 2012 3:00 am | Posted in

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We had spotted some interesting Apple sales stats in the past – while we understand that sales would lag R&D and other spending, that would seem to indicate some solid products coming from Apple in the next couple of years – we spotted this interesting stat that Apple spent a total of 3.4 Billion USDs on R&D for the whole of 2012 (Source)

How do we digest this number? By comparing it with other biggies, of course. Microsoft spent a whopping $9.8 Billion on R&D last year (Source). Solid difference, that.

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November 1, 2012 6:02 am | Posted in

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We had spotted some Black Friday stats before – but well that was okay, since it was shopping, shopping and shopping. We spotted a stat today, that says Americans would spend a total of about 8 Billion USDs this year on Halloween (Source)

Actually more interesting is this – “Pinterest is a popular source of ideas for All Hallows’ Eve, with 4.2% consulting the online pinboard, while 2.8% are logging on Twitter to get inspiration for costumes.” (Source) Well that one, definitely is pinteresting !

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October 29, 2012 1:42 am | Posted in

ECONOMY,

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