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Productivity - Revenue Per Employee in S&P

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1. Productivity-Revenue Per Employee in S&P
Revenue per employee. "It takes 1.55 employees for S&P 500 companies to generate a whopping $1 million dollars of revenue today ... In 1991, to generate that same $1 million of (inflation-adjusted, don’t come at me) revenue, it took 2.46 employees."
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2. AI Funding $40B Per Quarter….Not Showing Up in Productivity Numbers Yet
AI funding tops $40bn for a 3rd straight quarter.
But where's the productivity uplift?
AI adoption not lifting US productivity. At least not yet...
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3. The World's 3,028 Billionaires -Bespoke
The growth in the number of billionaires over the past four decades is nothing short of extraordinary. Back in 1987, Forbes counted just 140 billionaires globally. As of 2025, that number has surged to a staggering 3,028, a 21x increase. This rise has been largely consistent, interrupted only during periods of financial turbulence. The Dot Com crash in the early 2000s and the Great Financial Crisis in 2009 triggered sharp declines, including a record 30% drop in 2009. More recently, 2022 and 2023 saw modest pullbacks in billionaire numbers, reflecting broader market volatility. But the trend remains unmistakable: billionaire status is becoming more common in an increasingly capital driven world.
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6. Biggest IPO Ever Saudi Aramco Negative Return 5 Years

Yahoo Finance
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7. Liquidity Now Provided by Private Markets…Median Age of at IPO Stretching

This is a headline win for employees — but it may deepen one of OpenAI’s biggest problems: retention. In the past two years, over a quarter of OpenAI’s research leads have left — and the AI talent war has only become more fierce, with firms offering salaries that match, and in some cases exceed, salaries of professional athletes. |
Startup equity is meant to keep talent invested in the company’s future. But by making it easy and lucrative for employees to cash out, OpenAI has inadvertently undermined the very retention mechanism startup equity was meant to create. |
The company now offers secondary sales roughly twice a year; a decade ago in Silicon Valley, employees typically couldn’t sell until an IPO or acquisition. |
There’s a balance to strike: Too little liquidity, employees get frustrated and leave. Too much, and they can leave with enough money to start their own competitor. The question is whether OpenAI has tipped too far toward the latter. |
Anthropic has taken a more measured approach: It waited until 2025 to launch its first large-scale buyback, limited sales to 20% of equity, and capped proceeds at $2 million per person. That may have helped it keep an 80% two-year retention rate, compared with OpenAI’s 67%. |
My thesis: High liquidity drives high attrition. |
8. Tesla Making Fewer Cybertrucks

Sherwood News
9. Demographics are Destiny
Japan sees largest population fall on record
Deaths in Japan outnumbered births by 900,000 last year, the largest population fall on record.
The country’s population is down to 120 million, having declined for 16 consecutive years. Nearly 30% of people are over 65, with the burden of supporting retirees falling on ever-fewer workers.
The government has tried to boost birth rates, with little success: Economic problems, a demanding work culture, and a patriarchal society are among the reasons experts give for the decline, CNN reported.
Tokyo has considered increasing migration to address labor shortfalls but, unlike some countries such as Spain, has not fully embraced it. “In a shrinking world,” one demographer said on a recent Financial Times podcast, “migration’s gonna be a zero-sum game.”
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10. How to Keep Your Body Limber Longer
3 Essential Strength Moves Via Consumer Reports
These exercises strengthen muscles in your upper back, core, and lower body to stabilize the spine and improve posture. Try these daily, or even multiple times per day.
Sit to stand: Sit in a sturdy chair, feet hip-width apart. Lean forward slightly and stand, then sit down. Do this five times slowly, and then five times at a quicker but controlled pace.
Shoulder blade squeezes: Squeeze your shoulder blades together and down, so your shoulders move backward. Hold for 3 seconds. Repeat 10 times.
Bird dog: Kneel down with your palms on the floor, if you can. Raise your right arm in front of you and your left leg behind. Hold for 3 seconds. Repeat 10 times per side.
3 Key Stretches
Stretching these often-tight areas daily can help your body stay limber. Hold each stretch for 30 to 60 seconds.
Hip-flexor stretch: Gently lunge forward with your right leg, keeping your left leg extended behind you. Reach up with your left arm, feeling a stretch in the front of your left hip.
Pectoral stretch: Stand in a doorway with your elbows bent and your forearms and hands on the doorframe. Lean forward slightly, feeling a stretch across your chest.
Neck stretch: Lower your chin toward your chest and hold. Return to the original position. Drop your right ear toward your right shoulder and hold. Repeat on the opposite side.
Good Posture Also Matters
It’s common to hunch over when sitting at a desk, walking, using your phone, or washing dishes. While the “right” posture looks different for everyone, it’s key to pay attention to your own comfort and any pain points. Check—and adjust—your posture often. Just being cognizant of your posture will get you to stand or sit taller, Sharp says.
Be sure to use your computer and phone at eye level to reduce neck and back strain and prevent slouching. If you have to be seated for long periods, take breaks to get up and move—ideally every 30 minutes.
If you use a cane or walker, adjust its height so that you’re not leaning forward when using it. “Many people have their canes or walkers too low,” Koncilja says. “You want your body more upright.”
Editor’s Note: This article also appeared in the August 2025 issue of Consumer Reports On Health.
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