Food Wasted In America Can End Extreme Poverty Globally

We had spotted some stats around the amount of food wasted in America:

“Americans throw away nearly half their food every year, waste worth roughly $165 billion annually, according to a study released on Tuesday.
“As a country, we’re essentially tossing every other piece of food that crosses our path. That’s money and precious resources down the drain,” said Dana Gunders, a scientist with the Natural Resources Defense Council’s food and agriculture program.

The NRDC report said Americans discard 40 per cent of the food supply every year, and the average American family of four ends up throwing away an equivalent of up to $2,275 annually in food.
Just a 15 percent reduction in losses in the US food supply would save enough to feed 25 million Americans annually. It also would lighten the burden on landfills, where food waste makes up the largest component of solid waste, according to the NRDC, a nonprofit environmental organization.”

Source

And this is the stat on global poverty –

“In his book, The End of Poverty, Jeffrey Sachs made some careful estimates as to what it would cost to end extreme poverty in the world in about twenty years.
..

To end extreme poverty worldwide in 20 years, Sachs calculated that the total cost per year would be about $175 billion. This represents less than one percent of the combined income of the richest countries in the world.”

Source

The amount of food wasted in America, if carefully directed to poverty related causes, can actually end global poverty in ten years.

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Uber Now Worth More Than Nissan Motor

Listen. You don’t have to make cars or anything. You just need to connect people who need a ride and people who can give a ride. We spotted this stat today –

“At a $50 billion valuation, Uber would be the world’s most valuable private start-up, topping the Chinese electronics maker Xiaomi, which was last valued at $45 billion. It would also be worth more than publicly traded companies like FedEx, with a market value of $48 billion, and Nissan Motor, with a capitalization of $47 billion.”

Source

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Medium Has As Many Uniques As The Guardian Has In The US

We spotted this stat today:

“Medium has grown to a robust 25 million unique visitors (self-reported) each month. (For comparison, that’s roughly the same as ComScore’s estimate for the British newspaper The Guardian‘s US unique viewers in March”

Source

25 Million uniques a month is not jaw-dropping. But getting there in just 3 years definitely is.

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Wall St Bonus More Than Double The Earnings of 1 Mn Workers

We spotted this stat today:

“The Wall Street bonus pool rose to $28.5 billion last year, and the industry added jobs for the first time since 2011 even as profits in the securities sector fell, New York state’s budget watchdog said on Wednesday.

Wall Street bonuses have been a contentious issue since the financial crisis. This year’s pool was more than double the combined earnings of 1 million American full-time minimum wage workers, according to an Institute for Policy Studies.”

(Source)

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Stunning: The U.S. Has More Jails Than Colleges

In case you missed this one: we spotted this stat, that there are about 4,599 degree granting institutions in the US, and more than 5000 jails (Source)

Surprising stat, this.

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Middle Class Canadians Earn More Than Middle Class Americans

Well this is definitely news – for quite some time, the perception (and reality) has been that middle class Americans are better off than their Canadian counterparts – we spotted this stat today, that in reality, right now, the reality has turned 180 degrees – Middle class Canadians are now earning more than middle class Americans (Source)

“After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.” (Source)

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It Is More Difficult To Get Into Wal-Mart Than Harvard

Agreed, that kind of comparison makes no sense whatsoever. But if The Washington Post can connect the two, spotting the comparison is only natural. We spotted this stat today –

“Last year when Wal-Mart came to D.C. there were over 23,000 applications for 600 jobs. That’s an acceptance rate of 2.6%, twice as selective as Harvard’s and over five times as choosy as Cornell.”

(Source)

Ivy league schools are selective. Far more selective, in today’s economy, are firms that can actually pay you a salary.

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‘More Than’ That: U.S. Now Produces More Oil Than It Imports

When we spotted this, we were truly surprised. Not the fact as such – but what it means for the global energy equation overall.

“U.S. oil output is soaring due to the “fracking” boom in North Dakota, Texas and other areas. U.S. producers pumped 7.7 million barrels of crude per day in October.. The U.S. imported 7.6 million barrels a day of crude oil in October, the first time production has topped imports since February 1995. Net crude imports are down nearly 25% over the past five years.”

Source

A true crossing over, this one.

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Americans’ Credit Card Debt Equals About 50 Percent of India’s GDP

Well, at times we tend to compare stats that really are not comparable – for instance, we spotted this some time back -Student Loans In The U.S More Than China’s Total External Debt – we have one more today. Credit-card balances in the US (having dropped in three of the past five months) is now at about $850 billion (Source) – here is one way to digest that fact – India’s GDP is about 1.9 trillion dollars (Source) so the revolving credit of Americans is about half of India’s GDP – well, more or less. An obvious point – but helps us understand the magnitude of things.

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Facebook’s Revenue Is Four Times That Of The New York Times

Well that is not news – but it definitely is, considering that Facebook spends some zero dollars overall on content generation, that translates to reach and hence ad inventory and hence dollars. In Q2 2013, Facebook’s total revenue stood at $ 1.813 Billion (Source) whereas The New York Times Company’s total revenue stood at $485.4 Million (Source)

Did we tell you this: Facebook’s net profit equals The New York Times’ Revenue! (488 Million USD)

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