There have been quite a few comparisons what could be done with USD 700 Billions (700,000,000,000 Dollar) instead of assuring fat profits for a few – health insurance for all, fight poverty in Africa for ten years, save the planet instead of the bankers, pay for the work of more than 22 Million people for one year – but the best examples to visualize and put back into perspective how much only one Billion alone is, we listed below:
- A billion seconds ago it was 1959.
- A billion minutes ago Jesus was alive.
- A billion hours ago our ancestors were living in the Stone Age.
- A billion days ago no-one walked on the earth on two feet.
Now multiply that by 700
Visualizing the size of the banking crisis
- Humor: The true story behind the U.S. 700 Billion Bail-out plan
- Corruption: At least USD 13 Billion Iraq Aid wasted or stolen
- USA: Bailout Driven by Fear Not Fact
- Data-Visualization: Visualizing Corporate America
Much has been said this week about the so-called USD 700 Billion bail-out plan for banks by the current U.S. administration and finally the right question was asked in congress yesterday – How did you arrive at that USD 700 billion number…
The Washington Post today (link below) has a very interesting report on fraud, corruption and waste surrounding the U.S. Iraq reconstruction program.
Salam Adhoob, the former chief investigator of the Iraq’s Commission on Public Integrity (the equivalent to the U.S. FBI) estimated in a hearing of the Senate Democratic Policy Committee yesterday, that out of the about USD 50 Billion U.S. taxpayer money that has so far been disbursed to the Iraq reconstruction program, at least USD 13 Billion have been wasted or stolen through various fraud schemes.
The former chief investigator and head of a 200 strong auditors team was one of three Iraqis testifying before the committee yesterday – all providing evidence of widespread corruption and waste up to the point, as one of them said, that Iraqi government officials are financing al-Qaeda terrorists through some of these schemes.
An additional USD 9 Billion were estimated…
Ohio congressman Dennis Kucinich suggested the $700 billion bailout package was sending America towards ‘casino socialism, where the only real product is debt.
Based on data from the SEC for 60,000 directors or high-level employees, Toby Segaran created this graphical network of major US companies that share board members or CEOs. A bit like a social network graph for companies.
Besides the relationship between the companies the diagram also visualizes…