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INfact: Business Facts for January 2010


Information begins with facts, which can be assembled to identify trends. Put it all together to derive knowledge.  Presenting Chief Executive’s INfact.

  1. Salary Cravath, Swaine & Moore offered to the class of associates that just joined to defer their employment and not work for a year | $80,000
  2. Number of Yale Law School graduates who were headed for Cravath to be first-year associates who accepted this offer | 0
  3. Number of CEOs who left their posts as of November 2009,down 17.6 percent from the 1,361 departures announced through November 2008 | 1,122
  4. Amount that every man, woman and child in the U.S. would receive if the $819 billion American Recovery and Reinvestment Act of 2009 were distributed evenly | $2,693.55
  5.  Cost per created job, based on the administration’s claim of creating or saving 3.4 million jobs | $240,000
  6.  Number of months that a worker making the median U.S. income of $40,331 would have to work to recoup that cost | 71
  7.  Percentage of their countries’ respective GDPs that the U.S. and Chinese recession stimulus packages represent | 6, 13
  8.  Portion of China’s stimulus spending that will go toward infrastructure projects | 2/5
  9.  Average balance of a U.S. 401(k) account in 1998 | $62,000
  10.  Average balance today | $45,000
  11.  Number of party fundraisers President Obama has attended since taking office | 26
  12.  Number George W. Bush attended during his first year as president | 6
  13.  Estimated percentage change since 2007 in the U.S. market for technology to monitor employees and workplaces | +43
  14.  Number of its three restaurants in Iceland that McDonald’s has closed | 3
  15.  Factor by which the total carbon footprint of the average German shepherd exceeds that of the average sports utility vehicle | 2.4
  16.  Percentage of American adults who attended at least one arts event in 2008, the lowest level since 1982 when the NEA began conducting the poll | 34.6%
  17.  Decline in sales of champagne to the U.S. and Great Britain, respectively, compared with the previous year by volume |-42.8%, -32.8%
  18.  Number of bottles of champagne currently held in reserve by local producers | 1,215,000,000
  19.  Date on which the 50 millionth synthetic chemical was registered | September 7, 2009
  20.  Ratio of registered drug-company lobbyists in Washington, D.C., to every member of Congress | 2:1
  21.  Average amount spent on congressional lobbying, per day, by U.S. healthcare companies in 2009 | $1,500,000
  22.  Rank of U.S., among 17 developed nations, in the number of vacation days and holidays enjoyed by the average worker with 10 years of service working five days a week | 15
  23.  Nations that came in 16th and 17th, respectively | Canada and China
  24.  Average daily hotel rate in the U.S. in 2009, a drop of 9.7% from 2008, the steepest year-over-year decrease since Smith Travel research began tracking hotel data in 1987 | $96.43
  25.  Change, from 2008 to 2009, in the revenues of Marriott International, Starwood Hotels & Resorts and Wyndham Worldwide | -17%, -21%, -17%
  26.  Number of golfers who have given up memberships in golf clubs | 900,000
  27.  Fraction of the planned 780 golf club memberships at the luxurious Superstition Mountain golf club in Phoenix that have been filled | half
  28.  Best- and worst-case estimates, respectively, of private golf clubs that will close, convert to public play or be absorbed into healthier clubs before the recession is over | 400/1,000
  29.  Price of Comex gold futures on December 15, 2009 | $1,133.50
  30.  Price of gold, per ounce, in inflation-adjusted record high, set in January 1980 | $2,290
  31.  Price of gold, per ounce, to fully back all of the dollars in circulation, if the U.S. were still on the gold standard | $7,648
  32.  Number of “Confucius Institutes” the Chinese government has established at U.S. universities to spread Chinese ideas | 61
  33.  Average number of years after an individual is named to the Forbes 400 that he or she will fall off the list | 8
  34.  Number of U.S. airports that have lost commercial air service since 2007 | 96
  35.  Number of U.S. bank failures in 2009 as of December 15,2009 | 133
  36.  Number of bank failures in 1989, the height of the S&L crisis | 534
  37.  Bank failures in Canada since the economic meltdown | 0
  38.  Changes in corporate income tax revenue received, respectively, by Ohio, Utah and Alaska | –11.3%, -72.5%, -68.4%
  39. Rank of Morgan Stanley among mergers and acquisitions advisors, with deals totaling $523 billion as of November 2009, replacing Goldman Sachs | first

John Kador can be contacted at jkador@jkador.com

Sources: 1-2 Wall Street Journal; 3 Challenger, Gray & Christmas, Inc. 4-5 White House press office; 6 U.S. Department of Labor; 7-8 China Market Research Group, Shanghai; 9-10 Employee Benefit Research Institute; 11-12 Harpers; 13 Gartner, Egham, U.K.; 14 McDonald’s Corporation; 15 Victoria University of Wellington, Wellington, New Zealand; 16 The National Endowment for the Arts; 17 Le Comité Interprofessionnel du Vin de Champagne; 18 Champagne Bureau, Washington, D.C.; 19 Chemical Abstracts Service, Columbus, OH; 20-21 Center for Responsive Politics; 22-23 Wall Street Journal, Mercer; 24 Smith Travel Research; 25 Capital IQ; 26-28 Pellucid, Buffalo Grove, IL; 29-31 Comex, Thomson Reuters, U.S. Labor Department; 32 Embassy of the People’s Republic of China; 33 Peter W. Bernstein, New York, N.Y.; 34 Air Transport Association; 35-37 FDIC; 38 Rockefeller Institute; 39 Bloomberg.

About John Kador

John Kador
John Kador is a business author based in Lewisburg, PA. His last book is What Every Angel Investor Wants You to Know: An Insider Revels How to Get Smart Funding for Your Million Dollar Business (with Brian Cohen, McGraw-Hill).