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January 22nd 2015, by D.H. & R.L.W. THE Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries. For example, the average price of a Big Mac in America in January 2015 was $4.79; in China it was only $2.77 at market exchange rates. So the "raw" Big Mac index says that the yuan was undervalued by 42% at that time. Burgernomics was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. User guide: The 'Select base currency' button allows you to choose from five base currencies: the yuan, the euro, the yen, sterling and the US dollar. Download the full data-set here

http://www.economist.com/content/big-mac-index

Related:  infografiasEconomicMore Economic Theory and BitsEscenarios Regionales

I see debt people: 10 scary economic charts for Halloween - Quartz Ghosts, zombies, witches… and unemployment rates. If you want a real scare this Halloween, check out these charts hand-picked by Quartz’s writers and editors that show the most ghastly trends in the global economy. But be warned—these blood-curdling bars and bone-chilling lines aren’t for the squeamish… 1.

Supply Chain Index — Supply Chain Insights The Supply Chain Index™ is designed to be used as a ranking system and benchmarking tool. It enables companies to better understand the relationship between supply chain and financial (market capitalization) performance and to define what metrics correlate strongly with market capitalization growth. In addition, the Index enables us to identify if there are metrics that matter to a supply chain but not to a market capitalization perspective. What industries or companies have the strongest relationship between supply chain and market capitalization and what can we learn from them? Can supply chain performance in one year help to predict market capitalization trends in the future? These questions and many, many more are useful in increasing our understanding of supply chain excellence and at a practical level, serving as benchmarks for understanding what success looks like in your supply chain.

Offshoring the Economy: Why the US is on the Road to the Third World On January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our heresy. In the nationally televised conference, I declared that the consequence of jobs offshoring would be that the US would be a Third World country in 20 years.

In pictures: Faces from Gaza 4 August 2014Last updated at 16:57 ET Images taken by the BBC's Jon Donnison in Gaza reveal the experiences of ordinary people amid the Israeli military operation to destroy tunnels and rockets used by militants. To see more of Jon's pictures, follow him on Twitter @jondonnison. A young girl and her mother shelter in a UN school in Rafah. The girl's brother is in hospital after an Israeli bombing. The Internet map The map of the Internet Like any other map, The Internet map is a scheme displaying objects’ relative position; but unlike real maps (e.g. the map of the Earth) or virtual maps (e.g. the map of Mordor), the objects shown on it are not aligned on a surface. Mathematically speaking, The Internet map is a bi-dimensional presentation of links between websites on the Internet. Every site is a circle on the map, and its size is determined by website traffic, the larger the amount of traffic, the bigger the circle. Users’ switching between websites forms links, and the stronger the link, the closer the websites tend to arrange themselves to each other.

What Killed The Infographic? A few years ago, the Internet was awash in groundbreaking data visualizations. There was Aaron Koblin's deeply influential map of flight patterns around the U.S. Periscopic's exhaustive, haunting portrait of gun violence in the United States. Jer Thorp and John Underkoffler's Minority Report-like interface for exploring the galaxy. Today, you'd be lucky to find a cheap knockoff in a world dominated by crappy promotional infographics churned out for viral attention.

Services producer price index overview - Statistics Explained Data from January 2016. Most recent data: Further Eurostat information, Main tables and Database. - Planned update of the article: July 2016. The services producer price index is a business cycle indicator which provides information on the development of prices for numerous service industries. This information is used for the analysis of inflation and its sources, but also for the deflation of value measures in the service sector. This article presents services producer prices for all uses (B2All indicators), i.e. services consumed by private consumers, by business consumers and others. When a 127-Year-Old U.S. Industry Collapses Under China's Weight Alcoa Inc.’s latest aluminum-making cutback is signaling the end of the iconic American industry. For 127 years, the New York-based company has been churning out the lightweight metal used in everything from beverage cans to airplanes, once making it a symbol of U.S. industrial might. Now, with prices languishing near six-year lows, it’s wiping out almost a third of domestic operating capacity, Harbor Intelligence estimates. If prices don’t recover, the researcher predicts almost all U.S. smelting plants will close by next year. While that’s a big deal for the U.S. industry and the people it employs, it doesn’t mean much for global supplies.

The EU in slides This page contains visual material –slide presentations - illustrating various aspects of the EU. These slides may be a useful tool for teachers, speakers on EU issues, students and anyone interested in giving a presentation about the EU. They offer clear explanations on what the European Union is, what it does and how it works. You may use the slides with no fees or copyright restrictions, and modify them at your own responsibility. The basis for a Union The European Union: 500 million people – 28 countries

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