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100 Facts About the Economy


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2012 Jul 17, 7:13am   1,820 views  3 comments

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1   Patrick   2012 Jul 17, 7:15am  

14. At the height of his success, Andrew Carnegie's annual income was 20,000 times the average American's wage, according to historian Frederick Lewis Allen. That's the equivalent of about $720 million in today's economy. In 2010, hedge fund manager John Paulson earned $4.9 billion, or nearly seven times what Carnegie earned in his prime. The key difference: Carnegie made steel to construct buildings. Paulson bought derivatives to bet against them.

2   freak80   2012 Jul 17, 7:21am  

Then again, John Paulson didn't hire Pinkerton thugs to beat up his employees...

3   freak80   2012 Jul 17, 7:55am  

Another amazing fact:

58. Five years ago, coal provided about half the nation's electricity. Today, it's about one-third. Natural gas' share during that time rose from 21% to 30%, according to the Energy Information Agency.

Remember 5 years ago when we were worried about running out of natural gas in North America?

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