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November 18, 2007   |   Business FactID: 614
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Rated 4.25 stars
from 4 votes
1 out of every 8 home foreclosures this year was non-owner occupied, according to the Mortgage Bankers Association. This means that the people renting an apartment were evicted even though they were paying their rent on time!

More than 1 million homes are expected to enter foreclosure this year -- so that's at least 125,000 renters evicted...


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Mortgage Bankers Association via NYTimes article


September 1, 2007   |   Business FactID: 606
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Rated 4.64 stars
from 11 votes
Indian-Americans own 43% of the 47,000 hotels and motels in the USA, according to Asian American Hotel Owners Association, or AAHOA.

Indian-Americans are even more dominant in budget properties, owning about 60% of these hotels/motels.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: AAHOA via USA Today via Ankeet Shah


August 29, 2007   |   Business FactID: 549
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Rated 4.21 stars
from 14 votes
Ticking down the list of CEOs of Forbes 400 companies, you don't even hit an MBA until number 22, Phil Knight, the CEO of Nike.

There are only four MBAs in the top 50.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: PaulGraham.com


August 28, 2007   |   Business FactID: 589
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Rated 4.67 stars
from 12 votes
US Airways makes $10 million each year from ads on tray tables and napkins in their airplanes.

Low-fare carrier AirTran charges companies as much as $50,000 a month to advertise on napkins.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: USA Today


August 24, 2007   |   Business FactID: 553
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Rated 3.55 stars
from 11 votes
"Blue chip" stocks are those of the large, well-established companies in the market. They are named for the highest-value chips used in poker.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Ask Yahoo! and Investopedia




August 22, 2007   |   Business FactID: 292
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Rated 4.17 stars
from 24 votes
The U.S. Bureau of Labor Statistics reports that the average person working 45 hours per week earns 44% more than someone who works 40 hours.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Bureau of Labor Statistics via FastCompany


August 15, 2007   |   Business FactID: 495
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Rated 4.08 stars
from 12 votes
Most Americans who file for bankruptcy once end up doing it a second time.

More than 1.5 million personal bankruptcies were filed this year (Illness and medical bills accounted for half of these). A sidenote -- more families with children will file for bankruptcy than divorce.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Suze Orman & Prospect.org


August 14, 2007   |   Business FactID: 566
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Rated 3.91 stars
from 11 votes
Hate snail mail spam? Advo, the nation's largest direct-mail marketer, sends about 27 billion pieces of mail annually and is the largest private customer of the Postal Service.

That's about 100 pieces of mail to every person in America!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: NYTimes


August 13, 2007   |   Business FactID: 287
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Rated 4.09 stars
from 11 votes
The U.S. Postal Service handles 668 million pieces of mail every day. This is more mail than FedEx delivers in a whole year.

If the USPS was a private company, it would be the tenth largest in America, with 234,033 mail carriers delivering mail each day.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: USPS & Iowa Health Care


August 9, 2007   |   Business FactID: 512
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Rated 4.23 stars
from 13 votes
In every year since 2000, stocks rated "sell" by Wall Street have outperformed stocks rated "buy" or "hold."

Over the past four years, stocks that the Street has been telling you to sell have risen 19% per year on average. Meanwhile, the "buys" and "holds" have risen just 7%.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Fool.com via Shruti Basavaraj




August 7, 2007   |   Business FactID: 340
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Rated 4.22 stars
from 9 votes
The average AMEX card is swiped for $9,500 in charges a year, which is four times as much as a Visa or MasterCard.

The average fee for merchants accepting AMEX is $2.50 per $100 charged, while it is only $2.00 per $100 charged for Visa or MasterCard.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Nilson Report & Forbes


August 4, 2007   |   Business FactID: 393
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Rated 3.17 stars
from 6 votes
Small businesses make up over half (52%) of the US Gross Domestic Product.

There are 7.73 million small and medium-sized business, of which the majority (76%) have fewer than 10 employees!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: SunTrust and Inc. magazine


July 17, 2007   |   Business FactID: 613
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Rated 4.67 stars
from 3 votes
Females are twice as likely as males to start up businesses.

However, only 3% of female-owned businesses generate revenue of over 1 million dollars.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: CountMeIn.org via Ankeet Shah


July 14, 2007   |   Business FactID: 280
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Rated 4.56 stars
from 16 votes
Diamonds aren't scarce at all.

Some 114 million carats of diamonds are produced every year and, with new mines coming onstream and others being expanded, that should rise to about 120 million in 2005. And 80% of the diamonds dug out of the ground end up being used in industry.

The reason they seem scarce is that up until recently, De Beers controlled 80% of the world's supply. Catch-phrases such as “Diamonds are Forever” and adverts insisting men spend two months’ salary on a ring for their fiancée created the myth that diamonds are a scarce, valuable resource.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Money Week and HSW via Jason Langberg


July 2, 2007   |   Business FactID: 526
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Rated 3.25 stars
from 4 votes
Last Tuesday (1/24/06), Disney announced that it would purchase Pixar Studios for $7.5B.

With this deal, Steve Jobs, CEO of Apple and CEO of Pixar, will also become the largest shareholder of Disney (at 6.6% of shares outstanding)!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: USA Today




June 26, 2007   |   Business FactID: 7
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Rated 4.62 stars
from 8 votes
Thomas Edison, inventor of light bulb, founded General Electric (GE) (#5 on Fortune 500)

The sound on NBC when they hit the peacock feathers (dum-dum-dum) is the sound of the musical notes G-E-C. General Electric Corporation (GEC) owns NBC.


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May 22, 2007   |   Business FactID: 608
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Rated 2.40 stars
from 5 votes
Current retirees receive 69% of their income from defined-benefit pensions and Social Security, according to the Employee Benefit Retirement Institute.

Defined-benefit pensions are a guaranteed source of income, an assurance that no matter how long you live you will continue to collect a check. Social Security provides inflation-adjusted payments for life.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Employee Benefit Retirement Institute via Bankrate.com


December 19, 2006   |   Business FactID: 596
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Rated 4.00 stars
from 7 votes
According to the American Small Business Administration, small businesses and entrepreneurs account for 99.9% of the over 25.8 million businesses in the United States.

Similarly, over the past ten years, small businesses have created between 60 and 80 percent of new jobs in the country.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Small Business Administration via American Venture Magazine


November 24, 2006   |   Business FactID: 592
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Rated 4.57 stars
from 7 votes
The average weekly pay of financial sector jobs in Manhattan is $8,300.

The 280,000 financial sector workers collect more than half of all the wages paid in Manhattan, although they hold less than 1 in 6 of Manhattan jobs.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: NY Times article


November 1, 2006   |   Business FactID: 468
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Rated 3.81 stars
from 16 votes
96% of hourly workers in the fast food industry leave their jobs within a year.

The same source provided a breakout of food service (eat-in vs. drive thru, etc.) in a fact from last May.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: National Restaurant Association via Business 2.0




October 18, 2006   |   Business FactID: 588
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Rated 4.44 stars
from 9 votes
90% of consumers will consider switching to a different product if it's aligned with a cause.

According to a 2004 survey on cause marketing done by Boston brand-strategy firm Cone, 91% of 1,033 consumers say they have a more positive image of a company or product when it supports a cause and 90% will actually consider switching if it's aligned with a cause.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: AdAge via Ankeet Shah


August 2, 2006   |   Business FactID: 578
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Rated 4.00 stars
from 7 votes
Netflix ships 1.4 million movies every day, and it expects to spend some $300 million on postage this year!




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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: NYTimes


May 26, 2006   |   Business FactID: 560
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Rated 2.75 stars
from 8 votes
From 2001 to 2005, about 47 percent of the companies that went public had negative earnings, according to Jay Ritter, a professor of finance at the University of Florida.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: ZDNet


April 10, 2006   |   Business FactID: 223
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Rated 3.65 stars
from 17 votes
Lawrence J. Ellison, founder and CEO of Oracle Corporation for 25 years earned $706,077,000 in 2001 after exercising 23 million stock options that were granted to him ten years earlier.

Assuming a 40-hour workweek, this is the equivalent of almost $340,000 an hour.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Guiness Book of World Records via Matt Ross


March 31, 2006   |   Business FactID: 545
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Rated 3.73 stars
from 15 votes
The number of millionaires will triple by 2013 due to inheritances, according to Capital Development Services.

According to an old fact, 1 out of 128 Americans is a millionaire.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Bankrate.com




March 27, 2006   |   Business FactID: 543
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Rated 3.12 stars
from 16 votes
The IRS audited 21% more returns last year than in 2004.

Income groups with the highest percentage of audits were taxpayers who reported income less than $25,000 (1.5% were audited) and between $100,000 and $200,000 (1.4% were audited).


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: CNN Money via Asha Rangaraj


January 25, 2006   |   Business FactID: 525
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Rated 3.12 stars
from 8 votes
According to USA Today, 43% of first-time homeowners last year bought their homes using no-money-down loans.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Yahoo! Finance via Jason Langberg


January 1, 2006   |   Business FactID: 515
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Rated 3.93 stars
from 12 votes
Founded in 1928, Motorola was originally a pioneer in car radios. Thus the name "Motorola" was originally a combination of "motor" and "ola" (as in the "Victrola" phonograph).

The company invented cellular technology and marketing the first commercial handheld cell phone in 1983, the DynaTac (aka "the Zack Morris phone").


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Business 2.0 article


December 22, 2005   |   Business FactID: 503
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Rated 4.64 stars
from 14 votes
In 2005, Google is expected to sell $6.1 billion in ads, more than any U.S. newspaper chain, magazine publisher or TV network.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Goldman Sachs via AdWeek


December 15, 2005   |   Business FactID: 500
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Rated 4.12 stars
from 8 votes
PepsiCo earns only 20% of its revenue from carbonated soft drinks, while these products make up 80% of Coca-Cola's revenue.

Take a look at PepsiCo's full list of brands.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: The Economist




November 25, 2005   |   Business FactID: 489
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Rated 4.07 stars
from 14 votes
The average American couple will spend $1,476 this year in holiday gifts, food and decor.

Consumers also plan to spend an average of $87 each on gifts for themselves.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: National Retail Foundation via Bankrate.com


October 5, 2005   |   Business FactID: 449
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Rated 4.00 stars
from 6 votes
1 out of every 8 pounds in England is spent at Tesco's, the largest supermarket in the UK.

Tesco claims 12.3% of the total retail market in the UK. It has been on a rampage since 1995, when it overtook Sainsbury to become the UK's largest supermarket. Tesco was founded in 1924.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: CorporateWatch via Mehul Patel


September 1, 2005   |   Business FactID: 424
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Rated 3.21 stars
from 14 votes
QVC, the home shopping channel, is the 3rd largest TV channel in terms of annual revenue ($5.7B).

Worldwide, QVC received 192 million phone calls last year.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Business 2.0 and QVC