This article from the New York Times assumes that household consumption is a better indicator of Americans’ living standard Than income. This idea is based on the Bureau of Labor Statistics that say that the bottom fifth earned just  $9,974 but spent an average of $18,153 a year. I copied below the explanation provided:
How [...]

Alec Saunders published an interesting post that describes how to do some quick data mining with Facebook. The starting point is to click on the advertisers link at the bottom of any Facebook page. Follow the steps as described by Alec up to the audience choice. That’s where the data mining can be done. For [...]

According to this article from eMarketer, Facebook is now the fourth web site worldwide in terms of traffic. The graph below is taken from the article:

Found via FaceReview.

Hans Rosling is a genius of statistics. He knows how to bring out insights from boring statistics. The following video show one of his presentation at TED:

In a follow-up to his now-legendary TED2006 presentation, Hans Rosling demonstrates how developing countries are pulling themselves out of poverty. He shows us the next generation of his Trendalyzer [...]