Wealthy donors and the 2012 election
Donors representing 0.01 percent of the U.S. population contributed 28 percent of the $6 billion spent on the 2012 elections, a new report found. A total of 31,385 wealthy donors together gave $1.68 billion.
Percent of children living in poverty rises
The share of children living in poverty in the U.S. rose to 23 percent in 2011, mostly because of their parents’ long-term unemployment, according to a new study. In 2005, only 19 percent of children lived in poverty.
A bump for the British economy
The upcoming birth of Prince William and Kate Middleton’s child is expected to generate a $380 million bump for the British economy, including the sale of millions of souvenirs and trinkets, and the opening of an estimated 3 million bottles of sparkling wine.
Los Angeles Times
The expense of ending a war
As it prepares to withdraw from Afghanistan, the U.S. military is destroying $7 billion worth of equipment that is too expensive to ship home. Thousands of heavily armored vehicles and other equipment are being reduced to scrap, and sold to Afghans for pennies per pound.
The Washington Post
Gun ownership in America
Americans own nearly 300 million firearms, a new national study found. This translates to nearly nine guns for every 10 people, a per capita ownership rate nearly 50 percent higher than any other country’s.