Results tagged “world”

Via Andrew Sullivan we learn of this extraordinary project:

Zhou Zhengyu, deputy director of the Beijing municipal committee of communications announced in a recent press conference that the cheap bus fares that Beijingers have been enjoying during the Olympics will continue after the games.

The Economist has issued its latest Big Mac Index which uses the price of McDonald's hamburgers to compare international currencies. The fast food dish is a funny but apt international measuring stick, since its 31,000 stores in 119 countries make it a widespread global phenomenon. But all those burgers are telling essentially the same story, at least as it relates to China: the yuan is severely undervalued. That might be bad for foreign economic competition, but it’s good for us — the Chinese burger, at $1.41, is the second most affordable in the world, beat out by India for the cheapest spot by a single cent. And people wonder where the Chinese obesity epidemic comes from.