How Rich is the United States?

Yesterday I was idly wondering how wealthy is the US? I mean add up all the cash, stocks, bonds, real estate and other assets. I suppose subtract out debt (but I’m not really sure about that — that would just seem to indicate ownership, not value. But I’m not certain).

A quick google shows a Wiki page that does all the work for me.  Financial position of the United States says about $124 trillion, only less than a decade of GDP, which surprises me. I was also wondering what happens if we just divide it all up among the 330 million people in the country. By my numbers it comes to about $375k per person. Not as much as I thought, but probably more than a lot of places in the world.

Asthma and Gas Stoves

A recent study linked “Natural Gas” (methane) burning stoves in homes as a cause of asthma. In fact the study says 13% of childhood asthmas are caused by burning gas in homes. This was picked up by the popular press (NBC, LA Times, many others). Googling today shows a bunch of sponsored links “refuting” these claims. But they are from places like The Government Accountability Project and Truth In Science. The American Gas Association predictably weighs in. What is more disturbing is several .gov sites seem to line up with the pro-gas folks, or at least add to the confusion (NIH, others).

What seems to be factual is that burning gas gives off toxins known to cause breathing problems. Actual measurements of gas stoves show high levels of these compounds. The push back basically comes of the form that the study isn’t “scientific”. Well. Yes. You can’t go exposing children to toxins to see how many get asthma. At least not today in America. So I’m going with “breathing burning gas vapors bad, especially for kids”.

This all started as a small data point on induction cooking. Even without the asthma and the global warming and the barrage of misinformation, the cooking experience is superior on induction. If you want to read more about the asthma connection, Scientific American seems fairly FUD-free.

The Health Risks of Gas Stoves Explained

Fake Minimum Wage and Unemployment Data

I’ve been seeing news stories about how the rise in the minimum wage in California in particular, is causing the fast food industry to shed jobs. I have been skeptical, because this doesn’t line up with other, um, reality. Are fewer people eating fast food? I haven’t heard of this. So how are workers keeping up with the increased workload? I joke that maybe McDonalds will have to stop selling French fries. Are profits down? Are stores closing? I haven’t heard of any of this, particularly in the articles talking about the damage the higher minimum wage is doing. Now we learn that the billion dollar Hoover Institute at Stanford has been puting out fake data, and it has been picked up far and wide by news services. Hoover is posting retractions. Will news services? I suppose much of the damage of this false narrative has already been done. From Drop Site.

The Minimum Wage Claims You Keep Hearing Are Totally Fake. We Can Prove It.