Normally articles about big oil spending tons of money wouldn’t surprise me but this stat jumped off the page:
WSJ: Chevron, Exxon Mobil, and Royal Dutch Shell spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon. (emphasis mine)
According to Quartz the market for hot sauce is hot. Quartz cites a number of contributing factors including America’s rising Asian & Latino populations (groups that traditionally enjoy spicy food) and the huge popularity of hot wings.
Kind of surprised to see mayonnaise coming in second.
Really cool map from The Economist. The map below matches the value of entire countries’ listed firms to individual western companies.
I don’t really have a strong view about minimum wage – I can sympathize with both sides of the argument and frankly it’s not something I spend much time thinking about. However, I did find this chart to be pretty interesting. It clearly makes the point that minimum wage is much lower in real and relative terms than it used to be.
Source: New York Times