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...
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.
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!
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%.
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.
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.
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.
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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| Source: National Restaurant Association via Business 2.0
October 18, 2006
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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.
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.
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.
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).
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").
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.