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Showing posts with label global economy. Show all posts
Showing posts with label global economy. Show all posts

May 14, 2011

Global Salary and Taxes: Infographic

DEATH and taxes, it is said, are the only two certainties in life. One half of that thesis is proved at least by a new report released on May 11th by the OECD. The report splits out the tax burden on employment which is paid by employers (in the form of social-security payments) and employees (as income tax and more social security). France and Germany have some of the most costly tax regimes—with people who earn the average wage taking home just over 50% of their total labour cost. The effect of fiscal austerity, particularly across Europe, has meant that the tax burden rose in 22 out of the 34 countries in the OECD from 2009 to 2010. Meanwhile real incomes for average-wages earners fell in 15 OECD countries. As the second chart shows, these reduced earnings caused by the world recession and subsequent inflation tend to have a much larger impact on incomes.

February 25, 2011

The Making of the Financial Crisis : Video Infographic







This infographic, The Crisis of Credit Visualized, has been around for a while now, and it very cleverly explains how the financial crisis happen. Watch the video from Jonathan Jarvis, an interaction and media designer, that is split into two for YouTube.


The  Financial Crisis  was triggered by a liquidity shortfall in the United States banking system, and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity

The  collapse of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies have had a ripple effect around the world. Furthermore, other weaknesses in the global financial system have surfaced. Some financial products and instruments have become so complex and twisted, that as things start to unravel, trust in the whole system started to fail.