This is quite astonishing: A decade after Bernard Madoff was arrested for running the world’s biggest Ponzi scheme, the bitter fight to recoup investors’ lost billions has astounded experts and victims alike. While no one will ever collect the phantom profits Madoff pretended he was earning, the cash deposits by his clients have been the… Read More The post Madoff’s Victims Are Close to Being Made Whole appeared first on The Big Picture.
Click to explore the tree. Source: Straits Times BoingBoing: The legendary comic-book author, publisher, and film producer Stan Lee has died. He co-created Spider-Man, The Incredible Hulk, the Avengers, the X-Men, Black Panther, and many more characters and imaginary worlds we’ve come to know through comic books, games, and movies. It is difficult to imagine what… Read More The post Marvel Cinematic Universe appeared first on The Big Picture.
What the 2018 Campaign Looks Like in Your Hometown Source: Bloomberg Here are the details: “For much of the nation, health care has been the central talking point of 2018. It’s the most commonly mentioned congressional and gubernatorial campaign topic in television ads in 45 percent of local media markets this year, according to… Read More The post 2018 Campaign: Biggest Issue by State appeared first on The Big Picture.
Facebook’s earnings are today after the close. ReCode asks the simple question, “Is Facebook still growing?” “After months of bad news, Facebook unveiled its second quarter earnings back in July and reported less revenue than Wall Street analysts expected — and more importantly, fewer new users. In fact, Facebook didn’t grow at all in its… Read More The post Have We Hit Peak Facebook? appeared first on The Big Picture.
Source: How Much Here is the short list: Top 10 Most Valuable Retail Brands 1. Amazon: $151B 2. Walmart: $61B 3. Alibaba: $55B 4. Home Depot: $34B 5. IKEA: $24B 6. CVS Health: $21B 7. JD.com: $20B 8. Walgreens: $16B 9. Lowe’s: $14B 10. Target: $14B I am surprised that Apple is not on the… Read More The post World’s Most Valuable Retail Brands 2018 appeared first on The Big Picture.
Source: Washington Post This is intriguing: “The desire to climb arbitrary ranking ladders seems to be an innate human instinct. The World Bank hopes to harness it for good. The development organization has put its considerable muscle behind a new international ranking of how well countries help their residents live up to their economic… Read More The post U.S. ranks 25th for men and 32nd for women when it comes to helping residents reach their potential appeared first on The Big Picture.
The Financial Times is raising the possibility that Manhattan RE has peaked: The number of new homes sold in Manhattan in the year to September is down 39 per cent on the same period in 2017, according to new data from real estate firm Douglas Elliman. Median sale prices fell 9 per cent over the period. “We’re… Read More The post Unsold Luxury Property Piles up in Manhattan appeared first on The Big Picture.
Interesting set of graphics via the Washington Post: “The nomination fight over Judge Brett M. Kavanaugh has injected new volatility into the midterm elections, reshaping races across the country and sharpening the already bitterly partisan tone for the final four-week stretch before Nov. 6. Much uncertainty remains — not least because of the rapid-fire succession… Read More The post Senate Races Move Right, House Races Move Left appeared first on The Big Picture.
Source: How Much This will be the last post this week on the bifurcated recovery: This spiraling timeline is a pretty wild way to depict the ratio of Exec-to-worker salaries via How Much. Note this ratio peaked in 2000, and was at its smallest in the 1965-2017 era in 2009. Previously: One Third of Americans… Read More The post CEOs Make 312X Their Employees appeared first on The Big Picture.
I have a column out later today, where I take (yet another) look at the bifurcated recovery. While researching some other data, I randomly found this chart. It shows on a state by state basis the spread between the top 1% and everyone else. Deutsche Bank notes workers with a high school education or less… Read More The post Income Inequality, State by State Edition appeared first on The Big Picture.
Fascination discussion of how tech giants have been leveraging algorithms in a way that is inherently problematic by New America: “The central problem of disinformation corrupting American political culture is not Russian spies or a particular social media platform. The central problem is that the entire industry is built to leverage sophisticated technology to aggregate user… Read More The post Technology’s Digital Deceit appeared first on The Big Picture.
Source: Earther The post A New Visualization Turns Global Warming Into Pop Art appeared first on The Big Picture.
I have for some time now been calling the recovery lumpy uneven, distributed based on industry education attainment and geography. For example, see this, this, this, or this; The chart above below shows just how true that is — I would be curious as to how the 2016 Presidential vote looked overlaid on this. Was it economic insecurity or… Read More The post The Great Recession’s uneven recovery appeared first on The Big Picture.