Switzerland and Singapore are among the most expensive places in the world to grab a mug of coffee—overpriced as it already is in the United States. But there's more to the matter than mere inconvenience for tourists. The Wall Street Journal reports on Starbucks becoming an indicator of currency trouble.
The financial community uses dozens of metrics to determine how much a currency should be worth—and which currencies to buy and sell. These often tell starkly different stories. One measure created by the Council on Foreign Relations shows the U.S. dollar is 11% overvalued.
A rival to the Starbucks index is the Big Mac index, as devised by The Economist. Finding it inadequate, the Council on Foreign Relations came up with a Mini Mac index, with the international prices of Apple gadgets as the benchmark: "Minis are a global product that, unlike Big Macs, can move quickly and cheaply around the world."
Photo: Camila Tamara Silva Sepúlveda (cc)
The Re:Create coalition has just published Unlocking the Gates: America's New Creative Economy, a quantitative report that uses rigorous statistical methods to derive the total income, by state, earned by creators who use the internet to reach their audiences.
Dark State is the sequel to Empire Games, a reboot/latter phase of Charles Stross's longrunning, excellent economic science fiction/high fantasy Merchant Princes series.
Jamie Zawinski (previously), who owns San Francisco's amazing DNA Lounge venue, does a postmortem on the announcements from Slim's and the Great American Music Hall that they have "partnered" with Golden Voice, a division of Anschutz Entertainment Group, a $8 billion company that is the world's largest owner of sports teams and events; owns Coachella […]
Trains may not be the most popular means of conveyance nowadays, but chances are you grew up playing with toy trains or building a model set to wrap around the Christmas tree. In either case, it’s safe to say that locomotives have long carried a unique sense of awe and scale, especially when they’re hundreds […]
When it comes to redesigning or renovating a living space, envisioning changes before they occur can be tricky for most. Thankfully, the web is home to tools that can remove some of the guesswork, like Live Home 3D Pro for Mac. This app lets you create detailed and furnished floor plans for everything from sheds and […]
For many startups and fledgling businesses, web hosting — and the fees associated with it — can take a sizeable chunk out of the company budget and limit growth down the road. But, that’s not to say there aren’t hosts out there who can get your site online while staying within your budget. Arch Hosting is a […]