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)
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
In most countries, rising productivity means fewer working hours: but US workers, among the world's most productive, put longer hours than other rich-country workers, especially nordic workers -- if America's productivity/hours curve worked like it does in Denmark and Norway, American workers would get an additional 2.2 months of vacation every year.
In 2014, the Economist described a "Cambrian explosion" of tech startups trying every conceivable idea in every conceivable variation, competing to find better ways to deliver better services at lower costs; today it laments the "kill-zone" of business ideas that are unfundable, either because Big Tech is already doing them, or because Big Tech might […]
The human eye is a powerful thing, but it’s not so great at seeing in the dark or around tight spaces, which is partially why most of us struggle with unplugging drains, cleaning under the fridge, and other hard-to-reach jobs. This 1080p HD Waterproof WiFi Wireless Endoscopic Camera, however, gives you the flexibility necessary to get […]
Macs are undeniably some of the most versatile computers on the market, but they can do so much more than what their stock apps allow. For those looking to get the most out of their Mac hardware, the Pay What You Want 2018 Super Mac Bundle features 10 of the industry’s top apps, including photo editors and […]
Salesforce has reinvented the way companies manage customer information, close deals, and ultimately drive revenue, so it should come as no surprise that it’s one of the more valuable skills you can list on your resume today. In fact, according to research from Burning Glass, this platform is now the 7th most in-demand software skill, beating out […]