TPC

• S&P Index and jobless claims have a very high correlation.
   

FT

• ZIP - zipcar IPO at $18, but traded to $28 ($1.1B MC).  IPO proceeds of $170M
• Founded in 2000, and allows members to book short rentals via the web or phone for cars it owns and parks in public garages
• Largest Markets in Boston, Washington, NY, SF, London.  Only in 14 metro areas
• Has yet to turn yearly profit (Rev = $186M, OpEx $193M, $8.3M interest, $137M Debt)
• IPO proceeds will be used to pay off debt
• When GDP / capita gets between $13k - $18k (median $15k) growth slows down an average of 2% because the easy and fastest phase of growth lasts as long as unskilled workers can be hooked into a rudimentary industrial economy.  The next phase involves less dramatic changes in industrial productivity and a shift towards less productive service businesses.  China is about 4 years away from reaching the average tipping point.