Posts Tagged ‘foreign exchange’

  • The econlife.com Weekly Roundup

    Weekly Roundup: From Old Age to Old Signatures

    Dec 20, 14 • 184 Views • No Comments

    Our Posts Roundup   Sunday 12.14.14  The mystery of the missing magazines…more   Monday 12.15.14  Where Italian needs a connection…more   Tuesday 12.16.14  Which movie stars live longer…more   Wednesday 12.17.14...  [read more]

  • Everyday Economics — Oil stories

    Hamburger Economics

    Aug 3, 14 • 446 Views • No Comments

    Our Sunday Charts The 2014 Big Mac Index is out and not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. As The Economist explains, starting in 1986, they wanted to take a lighthearted look at whether currencies...  [read more]

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    Yuan Opinions

    Nov 18, 10 • 284 Views • No Comments

    Can you imagine 43 million pairs of socks a year, 5,000 an hour, some saying Dora the Explorer, being produced by one Chinese manufacturer? When you pay $2.99 for a pair of those socks at Wal-Mart, they probably cost that Chinese manufacturer, Shuangjin...  [read more]

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    Chinese Big Macs

    Oct 21, 10 • 268 Views • No Comments

    At 14.5 yuan or $2.18, a Beijing Big Mac is cheap. In the U.S. the price is closer to $3.71. As explained by The Economist, we just need to know about the Big Mac to know what the yuan should really buy. Dividing $3.71 (a US Mac) by 14.5 yuan (Chinese Macs)...  [read more]

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    Nobel Cash

    Oct 15, 10 • 296 Views • No Comments

    If you win a Nobel Prize, you get a cash prize of approximately $1.5 million. The size of that prize relates to how well the foundation that manages Alfred Nobel’s endowment has fared.  According to the Financial Times, during the 1990s the payout...  [read more]