Spread the Learn Weekly Review Feb. 6

NEWS:

  • On Monday morning (2:10pm GMT Sunday) there was a bombing at a re-election rally for Goodluck Jonathan, the Nigerian President, in Gombe, Nigeria. “Mr Jonathan is standing for re-election on 14 February against former military ruler Muhammadu Buhari. Militant Islamist group Boko Haram has stepped up its attacks in the run-up to the contest. At least one person was killed and 18 others were wounded in the blast, police and hospital sources said.” – BBC
  • On Wednesday, “Anthem Inc., the country’s second-biggest health insurer, said hackers broke into a database containing personal information for about 80 million of its customers and employees in what is likely to be the largest data breach disclosed by a health-care company.” – WSJ

SPORTS:

  •  This past Wednesday was national signing day for high school football players across the country. Sport’s Illustrated’s Martin Rickman had an interesting piece on Tuesday regarding the role of the fax machine in the whole process – SI

BUSINESS:

  • Standard and Poor’s Rating Service has settled a 2009 and 2013 lawsuit to resolve litigation related to the deceptive ratings of mortgage bond leading up to the 2008 financial meltdown. The ratings firm will collectively pay $1.5 B to the Department of Justice, 19 states, the District of Columbia and CALPERS (California Public Employees’ Retirement System), the nation’s largest pension fund. “While S&P didn’t admit to breaking laws, it did acknowledge that its ratings were tainted by concerns that downgrades would hurt its relationship with issuers” –WSJ

  • Based on a new McKinsey Report, “Debt and (not much) deleveraging” total debt worldwide has risen to $57 trillion. “The ratio of total debt to economic output has declined in only a handful of smaller countries, like Romania, Saudi Arabia and Israel. In all of the world’s economic powerhouses, total debt has risen.” – The Upshot

 BY THE NUMBERS:

4.

On average, this is the number of times in an hour a tip-over incident occurs in the US. That translates into 38,000 emergency room trips annually according to a report by the Consumer Product Safety Commission and detailed in Philly.com article published Feb. 1. Tip-overs recently hit the national media with Nationwide’s “Make Safe Happen” campaign and commercial that aired in last Sunday’s Super Bowl.

$678K.

That’s the amount one would need to earn to be in the top 1% in Connecticut. In comparison, New Mexico barely beats out West Virginia to have the lowest 1% of statewide earners at $241K. –Real Time Economics, WSJ

 

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