Did You Know

The foreclosure crisis in the USA resulting from the Great Recession resulted in 3.8 million foreclosures between 2007 and 2010.

The Guinness Book of World Records bestowed the prestigious title of "One of the Greatest Inventions of the 20th Century" upon Tupperware. Developed by Earl Silas Tupper in the 1940s, the Tuperware storage system revolutionized the way households preserved, stored, and organized food.

Tim Berners-Lee, who created the main software of the World Wide Web, admitted he regrets one thing: Adding “//” after “https:” in a web address. It was standard for programming but didn’t serve any real purpose, and when looking back in 2009, he said leaving it out would have saved time and space.

Forbes Health/OnePoll survey found Americans said these were their most popular 2024 New Year's resolutions:

  • Improved fitness (48%)
  • Improved finances (38%)
  • Improved mental health (36%)
  • Lose weight (34%)
  • Improved diet (32%)
The survey found the average resolution lasts just 3.74 months. Only 8% of respondents tend to stick with their goals for one month, while 22% last two months, 22% last three months and 13% last four months.

Canada has 1,872 Christmas tree farms in British Columbia, Ontario, Quebec, Nova Scotia and New Brunswick, and exports over two million Christmas trees to over 20 countries, including Barbados, France, Jamaica and Thailand.

The company name yahoo! is an acronym for Yet Another Hierarchical Officious Oracle.

Gross Domestic Product (GDP) as the vital economy’s performance metrics isn't relevant as the sole measure of economic progress. Simon Kuznets, an economist at the National Bureau of Economic Research, developed the GDP measure after the Great Depression and World War II. His goal was to capture economic production by individuals, companies, and the government in a single measure. He expected it to rise in good times and fall in bad. However, in 1934, in his report (page seven) to the U.S. Congress, on the National Income, 1929-35, Kuznets warned, “The welfare of a nation can scarcely be inferred from a measurement of national income.”

In 1907, two teenagers started The American Messenger Company, now United Parcel Service (UPS) in a Seattle basement with a $100 loan. Today, UPS is the world's largest package delivery firm.

The American firm WD-40 makes a product of the same name. If you needed to clear a block drain, you used this penetrating oil, WD-40. What does the name mean? WD for water displacement, and 40, the number of attempts it took to perfect the product. 

Today in North America discussions about minimum wages have political connotaions and ignore reality of low income workers. Minimum wages were meant to be living wages, though the first attempt in 1831 in Lyon, France failed. But New Zealand succeded in 1894. Then 1898, Samuel Gompers, founding president of the American Federation of Labor, published A Minimum Living Wage, an article advocating a legal threshold for wages enough for workers to live. The first legislation in the USA was in 1912 in Massachusetts.

The Great Recession of 2008 lasted 18 months...the longest recession since 1960. Before, the average recession lasted 11 months. Even so we know we are in a recession only in hindsight. So, beware of so-called experts predicting stock markets' direction and recession's lengths.

The National Bureau of Economic Research (NBER) states the average recession in the USA since 1854 lasted 17 months. But since World War II, the average was 10 months.