WSJ By The Numbers - Top 10 for Nov.17

A compendium of revealing stats and the key leading economic indicators and business metrics based on today's Wall Street Journal article and reports:

How Milton Friedman Changed Economics, Policy and Markets: Milton Friedman was awarded the Nobel Prize for Economic Science in 1976. He was best known for explaining the role of money supply in economic and inflation fluctuations. A half century ago, Milton Friedman's advocacy of free markets over government intervention and his prescription for inflation-fighting by central banks were treated as fringe notions by many economists.

A Pheasant Boom Lifts Farm Fortunes On Great Plains: Last year, according to the U.S. Department of Agriculture, the value of farm real estate, which accounts for 86% of farm-sector assets, gained 16.3%. Farm bank profits before taxes and extraordinary items jumped 8.2% last year, according to the American Bankers Association. 16.3%
Foreign Capital Flows Into U.S. Drop 45%, Falling From Record: Foreign capital flows into the U.S. fell 45% in September to $53.7 billion, compared to the capital inflow for August of $97.1 billion, the Treasury Department said. In September, net foreign acquisitions of long-term U.S. securities totaled $53.2 billion in September, down 49% from August. Japan remained the largest holder of U.S. Treasury securitiesat $639.2 billion. China was a distant second at $342.1 billion. $53.7B
Inflationary Signs Weaken Broadly: The Labor Department reported that consumer prices fell a seasonally adjusted 0.5% last month, and were up 1.3% from a year earlier, the smallest year-to-year increase since June 2002. The economy expanded by 1.6% in the third quarter, compared with an average of 4.1% in the first half of 2006. 1.3%
Backdated Options Pad CEO Pay By Average of 10%: About 850 U.S. chief executives received backdated or otherwise manipulated stock option grants that boosted their annual pay, on average, by at least 10%, according to a new study. Executives received an average of an extra $1.3 million to $1.7 million through each manipulated grant, the academics found. In all, 12% of all U.S. public firms, or 720, awarded one or more manipulated grants, the study found. 850
H-P Net Soars, but Pressure for Sales Gains Rises: H-P projected revenue in fiscal 2007 would rise to around $97 billion, up about 6% from $91.7 billion in 2006, which was a 5% increase from fiscal 2005. H-P's fiscal 2006 revenue likely puts it ahead of IBM's fiscal 2006 revenue of $90.7 billion, as tallied by Thomson Financial. And H-P could take the title of the world's largest information-technology company, a crown IBM has worn for some time. No.1
25 Years Later Reagan's Tax Cuts Are a Global Tide: During Ronald Reagan's presidency, the top marginal rate on personal incomes dropped to 28% from 70%. In 1993 Bill Clinton raised the top tax rate to 39.6%. In 2001 George Bush pushed the top rate back down to 35% and cut the rate on capital gains and dividends to 15%. In the past 14 years, the average corporate tax rate of countries surveyed by KPMG declined nearly 29%, dropping from an average of 38% to 27.1%. 29%
In a Big Bet on Radio,Private-Equity Group Buys Clear Channel: Clear Channel said it was selling its 42 television stations and 448 of its radio stations in smaller and medium-size markets. That would still leave the company a radio giant, with more than 700 stations around the country. Acquiring PE firms, Bain and Thomas Lee, expect annual returns in the 20%-30% range for the company. 1148
Thomson to Launch VoIP- Enabled Telephones: Over 8.2 million U.S. households subscribed to VoIP phone services at the end of September, up from 3.5 million from an year ago period, according to market-research firm TeleGeography Research, a division of PriMetrica Inc. About 5.1 million of those take Internet phone service from cable operators like Comcast and Time Warner Cable. The rest subscribe to VoIP services like Vonage, SunRocket and 8x8 Inc. 8.2M

WSJ By The Numbers - Metrics 2.0

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