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)
Bejamin "Mako" Hill (previously) is a free software developer, activist and academic with a long history of shrewd critical insights into the ways that free software, free culture and the wider world interact with each other.
David Graeber defined a "bullshit job" in his viral 2013 essay as jobs that no one -- not even the people doing them -- valued, and he clearly struck a chord: in the years since, Graeber, an anthropologist, has collected stories from people whose bullshit jobs inspired them to get in touch with him, and now he has synthesized all that data into a beautifully written, outrageous and thought-provoking book called, simply, Bullshit Jobs.
Rufus Pollock’s new book The Open Revolution: rewriting the rules of the information age, reimagines ownership in a digital age and its implications from the power of tech monopolies to control how we think and vote , to unaffordable medicines, to growing inequality. Get the book and find out more at openrevolution.net. - Cory
The Adobe Creative Cloud is home to a suite of editing tools today’s creatives count on to produce their content. Whether you’re an aspiring photographer, animator, or graphic designer, Adobe’s programs can help you in your creative pursuits, and with the Complete Adobe CC Training Bundle, you can come to grips with six of them for […]
Your pet might be photogenic, but getting them to stare long enough at your camera to snap that Instagram-worthy photo isn’t as simple as telling them to sit. Bribing your pets with their favorite treat, however, might just do the trick, and with the Adjustable Pet Selfie Smartphone Attachment, you can do just that while getting […]
The cybersecurity landscape is changing, and now one of the most effective ways to counter hacking threats is to employ another hacker against them. Commonly referred to as ethical hackers, these professionals use a cybercriminal’s tools against them, checking networks for vulnerabilities and patching them up before they can be exploited. The Certified Ethical Hacker Bootcamp […]