Our Culture | timiacono.com

Legal Immigration Explained

From reason.com’s October issue comes the graphic below depicting how one goes about becoming a U.S. citizen under the current immigration system.

Click to Enlarge

That lower left corner is kind of interesting in that, if you don’t have family in the U.S. and are neither rich nor skilled (education or sports, apparently), you’re basically out of luck since, for the garden variety green card, “the wait time approaches infinity”.

Young and Dumb Again

Via this story by Catherine Rampell at the Washington Post comes the graphic below showing how personal savings rates have changed over the years by age group.

Recall that the personal savings rate is simply disposable income less spending, so, if you’ve got a negative savings rate, it means you’re probably not putting away much (or anything at all) for retirement while subsidizing your spending by going further into debt.

The 0-34 crowd is quickly getting back into the “buy stuff with money you don’t have” mindset as the yellow line has recently diverged sharply from the others. Presumably, some of this is being forced upon them due to wages rising slower than the cost of living.

Also, it’s interesting to note that, at the peak of the financial crisis/deleveraging , we barely got back to the savings rate of the early 1990s which, as compared to prior decades was well below the 12-13 percent norm.

Tagged with:  

Landing on a Duck-Shaped Comet

Via this item at Vox comes the video below from the ESA (European Space Agency) that details what will be happening over the next few hours in a galaxy far, far away (no, not really on the Star Wars reference but, in human terms, it’s pretty far away).

This amazing feat can be followed at the ESA’s website and via the live stream available here.

The History of Money

After stumbling upon this item at the Telegraph with an infographic on the history of money, I went searching for the source, only to find that there are tons of infographics on the subject as shown below:

You’d think the central bank powers that be would have some appreciation for this subject and, more importantly, a recognition of how far we have strayed from whatever might have been considered “normal” for the last few thousand years, but they probably don’t.

Page 1 of 13212345102030...Last »
© 2010-2011 The Mess That Greenspan Made