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George Rauch, Longboat Key, is chief executive officer of Bradenton-based General Propeller and a former Wall Street investment banker.
Currently 1 Response
- 1.
- The article, however well written, is accompanied by a chart that is full of misleading, if not completely inaccurate, information. The total Debt per person in the USA may be $48,000, however, all of the other figures are incorrect due to a simple math error. In order to determine the "per person debt" of each country the following equation must be used - Total Country Debt / Total Country Population = Debt / Person. It appears that per capita figures in the chart were generated by dividing by the population in the US which would only apply to the US per capita debt equation. The per capita Ireland debt needs to be calculated using the Ireland population, not the population of the US. For Ireland, the new equation is as follows - $2,378x10^9 / 4,481,430 = $519,070 per capita! Much higher than the $40,000 listed in the published chart. You can find a link to the accurate data here - http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
This correction is important.
Sincerely,
Adam Nemastil
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Hat's off to Dee Pelton, volunteers
05/15/13
Dee Pelton held a luncheon that will be tough to top. -
Youth sailors descend on City Island
05/15/13
Approximately 250 people hit the water Saturday, April 20 through Sunday, April 21, for Sailfest. The regatta, Sarasota Youth Sailing's biggest fundraiser of the year, included four classes of competition — Optimus, 420, Laser and Multi-hull — and a barbecue feast. -
Book club sunsets for the season
05/15/13
The Sunset Beach Book Club, in its 10th year, ended this season with a luncheon and discussion of the book “Gone Girl,” by Gillian Flynn, April 18, at Lazy Lobster. Discussion moderator was Ricki Carroll. Together, the group read five books this season.
