Bloomberg Businessweek is an American weekly business magazine published since 2009 by Bloomberg L. P. Businessweek, founded in 1929, aimed to provide information and interpretation about events in the business world; the magazine is headquartered in New York City. Megan Murphy served as editor from November 2016; the magazine is published 47 times a year. Businessweek was first published in September 1929, weeks before the stock market crash of 1929; the magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, finance and Washington Outlook, which made Businessweek one of the first publications to cover national political issues that directly impacted the business world. Businessweek was published to be a resource for business managers. However, in the 1970s, the magazine shifted its strategy and added consumers outside the business world; as of 1975, the magazine was carrying more advertising pages annually than any other magazine in the United States.
Businessweek began publishing its annual rankings of United States business school MBA programs in 1988. Stephen B. Shepard served as editor-in-chief from 1984 until 2005 when he was chosen to be the founding dean of the CUNY Graduate School of Journalism. Under Shepard, Businessweek's readership grew to more than six million in the late 1980s, he was succeeded by Stephen J. Adler of The Wall Street Journal. In 2006, Businessweek started publishing annual rankings of undergraduate business programs in addition to its MBA program listing. Businessweek suffered a decline in circulation during the late-2000s recession as advertising revenues fell one-third by the start of 2009 and the magazine's circulation fell to 936,000. In July 2009, it was reported that McGraw-Hill was trying to sell Businessweek and had hired Evercore Partners to conduct the sale; because of the magazine's liabilities, it was suggested that it might change hands for the nominal price of $1 to an investor, willing to incur losses turning the magazine around.
In late 2009, Bloomberg L. P. bought the magazine—reportedly for between $2 million to $5 million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek. It is now believed McGraw-Hill received the high end of the speculated price, at $5 million, along with the assumption of debt. In early 2010, the magazine title was restyled Bloomberg Businessweek as part of a redesign; as of 2014, the magazine was losing $30 million per year, about half of the $60 million it was reported losing in 2009. Adler resigned as editor-in-chief and was replaced by Josh Tyrangiel, deputy managing editor of Time magazine. In 2016 Bloomberg announced changes to Businessweek, losing between $20 and $30 million. Nearly 30 Bloomberg News journalists were let go across the U. S. Europe and Asia and it was announced that a new version of Bloomberg Businessweek would launch the following year. In addition, editor in chief Ellen Pollock stepped down from her position and Washington Bureau Chief Megan Murphy was named as the next editor in chief.
International editions of Businessweek were available on newsstands in Europe and Asia until 2005 when publication of regional editions was suspended to help increase foreign readership of customized European and Asian versions of Businessweek's website. However, the same year the Russian edition was launched in collaboration with Rodionov Publishing House. At the same time, Businessweek partnered with InfoPro Management, a publishing and market research company based in Beirut, Lebanon, to produce the Arabic version of the magazine in 22 Arab countries. In 2011, Bloomberg Businessweek continued the magazine's international expansion and announced plans to introduce a Polish-language edition called Bloomberg Businessweek Polska, as well as a Chinese edition, relaunched in November 2011. Bloomberg Businessweek launched an iPad version of the magazine using Apple's subscription billing service in 2011; the iPad edition was the first to use this subscription method, which allows one to subscribe via an iTunes account.
There are over 100,000 subscribers to the iPad edition of Businessweek. On October 4, 2018, Bloomberg Businessweek published a report claiming that China had hacked dozens of technology corporations including Amazon and Apple by placing an extra integrated circuit on a Supermicro server motherboard during manufacturing; the claim has been questioned. The report was refuted by Amazon and Supermicro; the United States security department DHS and UK's GCHQ put out statements that they saw no reason to question those refutations. NSA claims to have no knowledge of the attack. FBI, named by Bloomberg to be investigating the alleged attack, is prevented from commenting on it, but notes that it would have an obligation to inform US companies of attacks like these, should they occur. Experts describe the attack as implausible and in technical details impossible. One source quoted in the Bloomberg text claims that several details of the attack as described by Bloomberg are identical to hypothetical scenarios that he presented to Bloomberg.
No other media organization has, by the end of October, corroborated the story. None of the 30 companies that Bloomberg claims were hit by the infiltration have confirmed this. Apple's CEO and Amazon's CTO have demanded. In the year 2011, Adweek named Bloomberg Businessweek as the top business magazine in the country. In 2012, Bloomberg Businessweek won the general excellence award for general-interest magazines at the National Magazine Awards. In 2012, Bloomberg Businessweek editor Josh
The Grove at Farmers Market
The Grove is a retail and entertainment complex in Los Angeles, located on parts of the historical Farmers Market. The complex fills space occupied by an orchard and nursery, which were the last remains of a dairy farm owned by A. F. Gilmore in the latter part of the 19th century; the developers began demolition of an antiques alley and other older buildings on Third Street behind CBS Television City, broke ground for the new mall in 1999. There was some controversy over increasing traffic in a busy Los Angeles neighborhood that offered several other shopping venues, including the Beverly Center; the Grove opened in 2002. The Warner Bros. tabloid television news program Extra was taped in the complex from 2010-2013 on the mall's lawn area. Since November 2015, it has served as a venue for the finales of Dancing with the Stars; the history behind the development of the A. F. Gilmore property that became The Grove was not without controversy. In 1984, A. F. Gilmore and neighboring CBS Television City hired Olympia & York California Equities Corp. to look into the possibility of creating a major business and entertainment complex that would have been twice as large as Universal City but would have required the demolition of all existing structures at both Farmers Market and CBS in the process.
That plan was not well received by the City of Los Angeles or by its neighbors and the plan was shelved. Two years A. F. Gilmore and CBS hired Urban Investment & Development Co. of Chicago to create another development plan. In 1989, A. F. Gilmore announced that it was going to build a US$300 million mall adjacent to the existing Farmers Market and that the new project would be managed by JMB/Urban Development of Chicago; the proposed mall was going to be anchored by May Company California, J. W. Robinson's along with over 100 other stores; the project was scaled down to 2 anchors. During the next decade, A. F. Gilmore announced in 1998 a further scaled down plan with Caruso Affiliated as the new development partner for a new proposal that became The Grove at Farmers Market, a $100-million project on 25 acres. Nordstrom signed on in 2001 to build a 122,000 sq ft store. By early 2001, toy retailer FAO Schwarz sign on for 25,000 sq ft. along with Banana Republic, Barnes & Noble, J. Crew, Maggiano's Italian restaurant and a 14-screen movie complex to be the initial stores in the new project.
After many delays, the retail center opened in March 2002. FAO Schwarz was one of the first retail casualties at the Grove when FAO Schwarz's parent company had to declare bankruptcy the following year; the Grove was able to replace the store with American Girl Place, which opened in April 2006. Abercrombie & Fitch closed their flagship store in 2013, it was replaced with a Nike flagship store, which opened in 2015. In 2013, Banana Republic moved into a new space at the mall, the old space was replaced with the first Topshop/Topman store in Los Angeles. In the original plan, the 14-screen movie complex was going to be built by Pacific Theatres to be its first Arc Light multiplex. At the last minute, Pacific Theatres pulled out of the project and opted to build the multiplex in Hollywood, ArcLight Hollywood, instead. Caruso decided to fund the construction of the multiplex out of the company's own pockets. After 10 months of successful operations, Caruso decided to sell the multiplex outright. Pacific gave the highest bid at US$30 million.
The 575,000-square-foot outdoor marketplace is located in Los Angeles' Fairfax District. Initial architectural design was performed in-house by David Williams of Caruso Affiliated Holdings and by KMD Architects of San Francisco. Caruso Affiliated claims to have modeled its architectural designs on indigenous Los Angeles buildings, influenced by classic historic districts, with shopping alleys, broad plazas, intimate courtyards; the design features a series of Art Deco-style false fronts, with boxy interiors similar to those found in other contemporary stores. The Grove features a large central park with an animated fountain designed by WET, its music-fountain show plays every hour, though the feature has a non-musical program in between shows. The water's choreography is reminiscent of the Fountains of Bellagio in Las Vegas—also designed by WET—but on a much smaller scale; the property has a statue, The Spirit of Los Angeles. Live shows are performed there—on the grassy area by the fountains. An internal transit system uses electric-powered trolley cars to link The Grove and the adjacent Farmers Market.
The Grove is anchored by Nordstrom and has flagship stores for British fashion chain Topshop/Topman, Barnes & Noble, Apple. Abercrombie & Fitch had its West Coast flagship at the mall, which closed in 2015, has since been replaced by Nike. Other stores in the center include Michael Kors, two-story Gap and J. Crew locations, Crate & Barrel, Nike, MAC Cosmetics, Anthropologie, Barneys New York, Kiehl's, American Girl Place; the Grove's many restaurants include chains like Maggiano's Little Italy and The Cheesecake Factory as well as smaller, local restaurants like Wood Ranch BBQ and Grill, 189 by Dominique Ansel, The Whisper Lounge, La Piazza. The Original Farmers Market, located adjacent to The Grove and owned by the A. F. Gilmore Company, features numerous non-chain restaurants that have existed there for sometimes decades; the main entertainment venue is a 14-screen movie theater complex owned by Pacific Theatres. In mid-November, the Grove Christmas Tree is displayed, lit every evening, beginning with the annual tree lighting ceremony.
The tree remains. Up to 100 feet or more, it is one o
Southern California is a geographic and cultural region that comprises California's southernmost counties, is the second most populous urban agglomeration in the United States. The region is traditionally described as eight counties, based on demographics and economic ties: Imperial, Los Angeles, Riverside, San Bernardino, San Diego, Santa Barbara, Ventura; the more extensive 10-county definition, which includes Kern and San Luis Obispo counties, is used and is based on historical political divisions. The Colorado Desert and the Colorado River are located on southern California's eastern border with Arizona, the Mojave Desert is located north on California's Nevada border. Southern California's southern border is part of the Mexico–United States border. Southern California includes the built-up urban area which stretches along the Pacific coast from Ventura through Greater Los Angeles down to Greater San Diego, inland to the Inland Empire and Coachella Valley, it encompasses eight metropolitan areas, three of which together form the Greater Los Angeles Combined Statistical Area with over 18 million people, the second-biggest CSA after the New York CSA.
These three MSAs are: the Los Angeles metropolitan area, the Inland Empire (, the Oxnard–Thousand Oaks–Ventura metropolitan area. In addition, Southern California contains the San Diego metropolitan area with 3.3 million people, Bakersfield metro area with 0.9 million, the Santa Barbara, San Luis Obispo, El Centro metropolitan areas. The Southern California Megaregion is larger still, extending east into Las Vegas and south across the Mexican border into Tijuana. Within southern California are two major cities, Los Angeles and San Diego, as well as three of the country's largest metropolitan areas. With a population of 4,042,000, Los Angeles is the most populous city in California and the second most populous in the United States. South of Los Angeles and with a population of 1,307,402 is San Diego, the second most populous city in the state and the eighth most populous in the nation; the counties of Los Angeles, San Diego, San Bernardino, Riverside are the five most populous in the state, are in the top 15 most populous counties in the United States.
The motion picture and music industry are centered in the Los Angeles area in southern California. Hollywood, a district of Los Angeles, gives its name to the American motion picture industry, synonymous with the neighborhood name. Headquartered in southern California are The Walt Disney Company, Sony Pictures, Universal Pictures, MGM, Paramount Pictures, 20th Century Fox, Warner Bros. Universal, Warner Bros. and Sony run major record companies. Southern California is home to a large homegrown surf and skateboard culture. Companies such as Vans, Quiksilver, No Fear, RVCA, Body Glove are all headquartered here. Skateboarder Tony Hawk; some of the most famous surf locations are in southern California as well, including Trestles, The Wedge, Huntington Beach, Malibu. Some of the world's largest action sports events, including the X Games, Boost Mobile Pro, the U. S. Open of Surfing, are held in southern California; the region is important to the world of yachting with premier events including the annual Transpacific Yacht Race, or Transpac, from Los Angeles to Hawaii.
The San Diego Yacht Club held the America's Cup, the most prestigious prize in yachting, from 1988 to 1995 and hosted three America's Cup races during that time. The first modern era triathlon was held in Mission Bay, San Diego, California in 1974. Since southern California, San Diego in particular have become a mecca for triathlon and multi-sport racing and culture. Southern California is home to many sports sports networks such as Fox Sports Net. Many locals and tourists frequent the southern California coast for its beaches; the inland desert city of Palm Springs is popular. Southern California is not a formal geographic designation and definitions of what constitutes southern California vary. Geographically, California's North-South midway point lies at 37° 9' 58.23" latitude, around 11 miles south of San Jose. When the state is divided into two areas, the term southern California refers to the 10 southernmost counties of the state; this definition coincides neatly with the county lines at 35° 47′ 28″ North latitude, which form the northern borders of San Luis Obispo and San Bernardino counties.
Another definition for southern California uses Point Conception and the Tehachapi Mountains as the northern boundary. Though there is no official definition for the northern boundary of southern California, such a division has existed from the time when Mexico ruled California and political disputes raged between the Californios of Monterey in the upper part and Los Angeles in the lower part of Alta California. Following the acquisition of California by the United States, the division continued as part of the attempt by several pro-slavery politicians to arrange the division of Alta California at 36 degrees, 30 minutes, the line of the Missouri Compromise. Instead, the passing of the Compromise of 1850 enabled California to be a
Marina del Rey, California
Marina del Rey is an unincorporated seaside community in Los Angeles County, with a marina, a major boating and water recreation destination of the greater Los Angeles area. The marina is North America's largest man-made small-craft harbor and is home to 5,000 boats; the area is a popular tourism destination for water activities such as paddle board and kayak rentals, dining cruises, yacht charters. This Westside locale is 4 miles south of Santa Monica, 4 miles north of Los Angeles International Airport; the harbor is owned by Los Angeles County and is operated by the County's Department of Beaches and Harbors. The population was 8,866 at the 2010 census. For statistical purposes, the United States Census Bureau has defined Marina del Rey as a census-designated place; the census definition of the area may not correspond to local understanding of the area with the same name. The Los Angeles Times said in a 1997 editorial that the harbor is "perhaps the county's most valuable resource". Prior to its development as a small craft harbor, the land occupied by Marina del Rey was a salt marsh fed by fresh water from Ballona Creek, frequented by duck hunters and few others.
Burton W. Chace, a member of the Los Angeles County Board of Supervisors, referred to the area as mud flats, though today the area would more properly be referred to as wetlands. In the mid-19th century, Moye C. Wicks thought of turning this Playa del Rey estuary into a commercial port, he formed the Ballona Development Company in 1888 to develop the area, but three years the company went bankrupt. Port Ballona made by Louis Mesmer and Moye Wicks was sold to Moses Sherman. Sherman purchased 1,000 acres of land around the Ballona lagoon and Port Ballona in 1902 under the name the Beach Land Company. Sherman and Clark renamed the land "Del Rey". Port Ballona was renamed Playa Del Rey; the port was serviced by the California Central Railway opened in September 1887, this line became the Santa Fe Railway, that became the Atchison and Santa Fe Railroad. The rail line ran from the port to Redondo junction. A street car tram line was made to the Port by the Redondo and Hermosa Beach Railroad company, that had incorporated on February 21, 1901.
This company was part of the Los Angeles Pacific Railroad owned by Sherman. The tram line opened December 1902 departed downtown at Broadway. In 1916, the U. S. Army Corps of Engineers revisited the idea of a commercial harbor, but declared it economically impractical. In 1936 the U. S. Congress ordered a re-evaluation of that determination, the Army Corps of Engineers returned with a more favorable determination. In 1953, the Los Angeles County Board of Supervisors authorized a $2 million loan to fund construction of the marina. Since the loan only covered about half the cost, the U. S. Congress passed and President Dwight D. Eisenhower signed Public Law 780 making construction possible. Ground breaking began shortly after. With construction complete, the marina was put in danger in 1962–1963 due to a winter storm; the storm caused millions of dollars in damage to both the marina and the few small boats anchored there. A plan was put into effect to build a breakwater at the mouth of the marina, the L.
A. County Board of Supervisors appropriated $2.1 million to build it. On April 10, 1965 Marina del Rey was formally dedicated; the total cost of the marina was $36.25 million for land and initial operation. Los Angeles County solicited bids for the marina's development, selling 60 year leaseholds to willing developers. Real estate developer Abraham M. Lurie was the single largest leaseholder responsible for the building of three hotels, two apartment complexes, 1,000 boat slips, several shopping centers, restaurants, he ran into cash flow problems and sold a 49.9% interest to Saudi Arabian Sheik Abdul Aziz al Ibrahim, a brother of Waleed bin Ibrahim Al Ibrahim and a brother-in-law of King Fahd. Marina del Rey falls within unincorporated Los Angeles County and is southeast of the L. A. City community of Venice and north of the L. A. City community of Playa del Rey, near the mouth of Ballona Creek, it is located four miles north of Los Angeles International Airport. It is bounded on all sides by the City of Los Angeles.
The beach-style homes, the strip of land against the beach, the beach itself, west of the harbor, are within the City of Los Angeles limits, but share the same zip code as Marina del Rey. The name of this strip is the Marina Peninsula. Via Dolce and the southern portion of Via Marina are the boundaries between L. A. City and the unincorporated area. According to the United States Census Bureau, Marina del Rey has an area of 1.5 square miles. Nine-tenths of a square mile is land and 0.6 square miles is water. The marina itself, a specially designed harbor with moorings for pleasure craft and small boats, is surrounded by high-rise condos, apartments and restaurants; the area includes the University of Southern California Information Sciences Institute, the UCLA Marina Aquatic Center, the Loyola Marymount University boathouse. The community is served by the three-mile-long Marina Freeway, which links Marina del Rey directly to Interstate 405 and nearby Culver City; the area codes of Marina del
Glendale is a city in Los Angeles County, United States. Its estimated 2014 population was 200,167, making it the third-largest city in Los Angeles County and the 23rd-largest city in California, it is located about 8 mi north of downtown Los Angeles. Glendale lies in the southeastern end of the San Fernando Valley, bisected by the Verdugo Mountains, is a suburb in the Los Angeles metropolitan area; the city is bordered to the northwest by the Sun Tujunga neighborhoods of Los Angeles. The Golden State, Ventura and Foothill freeways run through the city. Glendale is known to have one of the largest communities of Armenian descent in the United States. In 2013, Glendale was named LA's Neighborhood of the Year by the editors of Curbed.com. Forest Lawn Memorial Park Cemetery contains the remains of many noted celebrities and local residents. Grand Central Airport was the departure point for the first commercial west-to-east transcontinental flight flown by Charles Lindbergh; the area was long inhabited by the Tongva people, who were renamed the Gabrieleños by the Spanish missionaries, after the nearby Mission San Gabriel Arcángel.
In 1798, José María Verdugo, a corporal in the Spanish army from Baja California, received the Rancho San Rafael from Governor Diego de Borica, formalizing his possession and use of land on which he had been grazing livestock and farming since 1784. Rancho San Rafael was a Spanish concession. Unlike the Mexican land grants, the concessions were similar to grazing permits, with the title remaining with the Spanish crown. In 1860, his grandson Teodoro Verdugo built the Verdugo Adobe, the oldest building in Glendale; the property is the location of the Oak of Peace, where early Californio leaders including Pio Pico met in 1847 and decided to surrender to Lieutenant Colonel John C. Frémont. Verdugo's descendants sold the ranch in various parcels, some of which are included in present-day Atwater Village, Eagle Rock, Highland Park neighborhoods of Los Angeles. In 1884, residents gathered to form a townsite and chose the name "Glendale" (it was bounded by First Street on the north, Fifth Street on the south, Central Avenue on the west, the Childs Tract on the east.
Residents to the southwest formed "Tropico" in 1887. The Pacific Electric Railway brought streetcar service in 1904. Glendale incorporated in 1906, annexed Tropico 12 years later. An important civic booster of the era was Leslie Coombs Brand, who built an estate in 1904 called El Miradero, featuring an eye-catching mansion, the architecture of which combined characteristics of Spanish and Indian styles, copied from the East Indian Pavilion at the 1893 World's Columbian Exposition held in Chicago, which he visited. Brand loved to fly, built a private airstrip in 1919 and hosted "fly-in" parties, providing a direct link to the soon-to-be-built nearby Grand Central Airport; the grounds of El Miradero are now city-owned Brand Park and the mansion is the Brand Library, according to the terms of his will. Brand partnered with Henry E. Huntington to bring the Pacific Electric Railway, or the "Red Cars", to the area. Today, he is memorialized by one of Brand Boulevard; the city's population rose from 13,756 in 1920 to 62,736 in 1930.
The Forest Lawn Cemetery opened in 1906 and was renamed Forest Lawn Memorial-Park in 1917. Pioneering endocrinologist and entrepreneur Henry R. Harrower opened his clinic in Glendale in 1920, which for many years was the largest business in the city; the American Green Cross, an early conservation and tree preservation society, was formed in 1926. Until as late as the 1960s, Glendale was a sundown town. Nonwhites were required to leave city limits by a certain time each day or risk arrest and possible violence. In the 1930s, Glendale and Burbank prevented the Civilian Conservation Corps from stationing African American workers in a local park, citing sundown town ordinances that both cities had adopted. In 1964, Glendale was selected by George Lincoln Rockwell to be the West Coast headquarters of the American Nazi Party, its offices, on Colorado Street in the downtown section of the city, remained open until the early 1980s. In 1977 and 1978, 10 murdered women were found in and around Glendale in what became known as the case of the Hillside Strangler.
The murders were the work of Kenneth Bianchi and Angelo Buono, the latter of whom resided at 703 East Colorado Street, where most of the murders took place. Glendale is located at the junction of the San Fernando and the San Gabriel. According to the United States Census Bureau, the city has a total area of 79.212 km2. It is bordered to the north by the foothill communities of La Cañada Flintridge, La Crescenta, Tujunga. Glendale is located 10 miles north of downtown Los Angeles. Several known earthquake faults criss-cross the Glendale area and adjacent mountains, as in much of Southern California. Among the more recognized faults are the
The United States of America known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U. S. is the third most populous country. The capital is Washington, D. C. and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico; the State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean; the U. S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The diverse geography and wildlife of the United States make it one of the world's 17 megadiverse countries.
Paleo-Indians migrated from Siberia to the North American mainland at least 12,000 years ago. European colonization began in the 16th century; the United States emerged from the thirteen British colonies established along the East Coast. Numerous disputes between Great Britain and the colonies following the French and Indian War led to the American Revolution, which began in 1775, the subsequent Declaration of Independence in 1776; the war ended in 1783 with the United States becoming the first country to gain independence from a European power. The current constitution was adopted in 1788, with the first ten amendments, collectively named the Bill of Rights, being ratified in 1791 to guarantee many fundamental civil liberties; the United States embarked on a vigorous expansion across North America throughout the 19th century, acquiring new territories, displacing Native American tribes, admitting new states until it spanned the continent by 1848. During the second half of the 19th century, the Civil War led to the abolition of slavery.
By the end of the century, the United States had extended into the Pacific Ocean, its economy, driven in large part by the Industrial Revolution, began to soar. The Spanish–American War and World War I confirmed the country's status as a global military power; the United States emerged from World War II as a global superpower, the first country to develop nuclear weapons, the only country to use them in warfare, a permanent member of the United Nations Security Council. Sweeping civil rights legislation, notably the Civil Rights Act of 1964, the Voting Rights Act of 1965 and the Fair Housing Act of 1968, outlawed discrimination based on race or color. During the Cold War, the United States and the Soviet Union competed in the Space Race, culminating with the 1969 U. S. Moon landing; the end of the Cold War and the collapse of the Soviet Union in 1991 left the United States as the world's sole superpower. The United States is the world's oldest surviving federation, it is a representative democracy.
The United States is a founding member of the United Nations, World Bank, International Monetary Fund, Organization of American States, other international organizations. The United States is a developed country, with the world's largest economy by nominal GDP and second-largest economy by PPP, accounting for a quarter of global GDP; the U. S. economy is post-industrial, characterized by the dominance of services and knowledge-based activities, although the manufacturing sector remains the second-largest in the world. The United States is the world's largest importer and the second largest exporter of goods, by value. Although its population is only 4.3% of the world total, the U. S. holds 31% of the total wealth in the world, the largest share of global wealth concentrated in a single country. Despite wide income and wealth disparities, the United States continues to rank high in measures of socioeconomic performance, including average wage, human development, per capita GDP, worker productivity.
The United States is the foremost military power in the world, making up a third of global military spending, is a leading political and scientific force internationally. In 1507, the German cartographer Martin Waldseemüller produced a world map on which he named the lands of the Western Hemisphere America in honor of the Italian explorer and cartographer Amerigo Vespucci; the first documentary evidence of the phrase "United States of America" is from a letter dated January 2, 1776, written by Stephen Moylan, Esq. to George Washington's aide-de-camp and Muster-Master General of the Continental Army, Lt. Col. Joseph Reed. Moylan expressed his wish to go "with full and ample powers from the United States of America to Spain" to seek assistance in the revolutionary war effort; the first known publication of the phrase "United States of America" was in an anonymous essay in The Virginia Gazette newspaper in Williamsburg, Virginia, on April 6, 1776. The second draft of the Articles of Confederation, prepared by John Dickinson and completed by June 17, 1776, at the latest, declared "The name of this Confederation shall be the'United States of America'".
The final version of the Articles sent to the states for ratification in late 1777 contains the sentence "The Stile of this Confederacy shall be'The United States of America'". In June 1776, Thomas Jefferson wrote the phrase "UNITED STATES OF AMERICA" in all capitalized letters in the headline of his "original Rough draught" of the Declaration of Independence; this draft of the document did not surface unti