Sky
How the world works, from above — one slice at a time. 10 slices, newest first.
Premiums Now, Claims Later: How Insurers Earn on the Wait
P&C insurers held $1.0T in reserves for claims on policies already written. Claims, costs, and dividends took 93.03% of 2025 premiums; investing earned $89.7B.
Copies or Custom Work: How the Money Moves Through Software
Of each 2025 output dollar, publishing (about 86% of it software publishers) left 41.3¢ as surplus; computer systems design paid staff 60.7¢ and left 10.3¢.
Inside the Bank: What Deposits Fund, and Where the Income Goes
Banks earned 5.35% on earning assets and paid 2.03% to fund them (Q2 2026, annualized); of each $1 taken in, 22.7¢ went to depositors, 21.5¢ was net income.
The Markup Chain: Where a Dollar of Goods Goes, Factory to Shelf
Each $1 of the $6.49T spent on goods in 2025, in rounded cents: producer's price 47.5, for-hire freight 2.3, wholesalers 12.3, retailers 38.0 incl. sales tax.
How a House Becomes a Bond: Who Holds America's Mortgages
Of $15.0T in one-to-four-family mortgages, $9.6T ran through Fannie Mae, Freddie Mac, other GSEs, and agency pools, which fund them by selling bonds.
The Freight Bill: Who Gets Paid to Move a Box
Trucks carried 73.5% of the $18.0T of goods shipped in 2022; for-hire carriers alone were 44.8%, the largest single paid leg of the freight bill.
The Premium Dollar: Care vs. the Middle
At least 80¢ of every premium dollar must buy care (85¢ large-group); the rest — admin, marketing, profit — is capped, and shortfalls get rebated.
The Electricity Dollar: Making Power vs. Moving It
Utilities now spend about as much moving electricity (4.3¢/kWh) as making it (4.6¢/kWh); delivery costs rose 65% in a decade while production costs fell.
The Food Dollar: Why the Farm Keeps About 12 Cents
Of every dollar spent on domestically produced food, the farm kept about 11.8 cents in 2024; the other 88 cents paid for everything after the farm gate.
How a Building Gets Paid For: Construction's Money Chain
A $2.16-trillion-a-year chain: owners and governments pay in, a general contractor assembles the job, and subcontractors do most of the building.