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 […]
Python is one of the most popular and versatile programming languages used by developers today, making it an ideal first choice for those looking to kickstart a career in programming. While you could go back to school or sign up for a pricey coding bootcamp, you can learn the essentials of coding with Python at […]
Going back to school isn’t necessarily an option for everyone. Between the time commitments and steep tuition rates, there are obstacles aplenty as far as furthering education is concerned. However, that’s not to say it’s impossible to learn new skills. Excel with Business lets users access thousands of hours of online learning in Microsoft, business, technology, […]
More often than not, you won’t see an accident coming, which means it pays to be proactive and ensure you have the right tools on-hand before you need them. Whether you find yourself in the middle of a power outage or having car trouble at night, you can make sure you’re still capable of navigating […]