Big Mac index shows dollar slide and world inflation impact
The Big Mac index compares currency values via the local price of a McDonald’s burger to illustrate purchasing power parity. It notes dollar undervaluation against several currencies, with sharp shifts in the Deutschemark and yen, and discusses potential inflationary pressures from rising demand for U S goods as currencies devalue.
MENTIONED IN THIS ARTICLE
U.S
Atlanta
Chicago
New York
San Francisco
China
Australia
Via
Inia
Germany
Japan
Italy
Britain
Mexico's peso steady amid cautious economic recovery
Five months after its crash, Mexico shows improved numbers with a peso around six to the dollar, a $245 million trade surplus, and partial bond repayments. Yet families face rising inflation, higher living costs, and unemployment, fueling social unrest and skepticism about real wage gains and long term investment.
MENTIONED IN THIS ARTICLE
Mexico
Dollar Coin Proposal Gets Gold Color Edge and Bill Phaseout
Lawmakers debate a gold colored one dollar coin with a distinctive edge to avoid confusion with the quarter. Supporters argue vending machines and accessibility would improve while reducing cash handling costs. Opponents fear higher prices and tighter pockets as the $1 bill remains popular as currency and symbol of economic strength.
MENTIONED IN THIS ARTICLE
Jim Kolbe
R-Ariz
U.S
Plunge in rates could cushion U.S. economy
Lower long term rates have sparked hopes of renewed stability for a slowing economy. Cheaper borrowing may lift housing and other sectors, with applications for new home loans up sharply and refinancing activity nearly doubling. Experts caution timing and impact vary, yet many see possible progress without an outright recession.
MENTIONED IN THIS ARTICLE
New York
U.S
Mortgage Bankers Association
Sung Won Sohn
Norwest Corp
Minneapolis
John Lenski
Moody's Investors Service
Wall Street Credit Rating Agency
U.S. Treasury
Treasury
Federal Reserve
HSH Associates
Butler, N.J
General Motors Corp
Chrysler Corp
Labor Department
Ousing
David Levy
Industry Forecast
Morgan Stanley asks court to reverse $60 million order
Morgan Stanley and Co appeals to West Virginia Supreme Court to overturn a $60 million repayment order tied to 1980s trades. The firm argues the rule targets state officials, not firms, and requests a jury trial. The case centered on losses in U S Treasury bonds and broader $279 million state fund losses.
MENTIONED IN THIS ARTICLE
Morgan Stanley
Charleston
W.va
Morgan Stanley & Co
State Supreme Court
Wall Steel Investment Bank
West Virginia
U.S. Treasury
Compan
Orange County
Calif
Ere Stanley
Aorona
Gued
Kanawha County
Andrew MacQueen
James Benkard
Wall Street
Also Mentioned on This Page
M. Ray Perryman
Perryman
L. Cox
Southern Methodist N
Mexico City
Guillermo Ortiz
Ramiro Guzman
Guzman
Elizabeth Estrada
University Union
Nora Lustig
Brookings Institution
Victor Manuel Terrones
Chamber of Manufacturers
Empresas Ica
Grupo Dina
Grupo Sitar
John Soldevilla Canales
Banco Internacional
Terrones
Ernesto Zedillo
Thea Lee
The
Economic Policy Institute
Washington
Stock Exchange
Bolsa de Valores
Ery Hng
al Havemann
HSH
Commerce Department
October 15
July 1
AP Research
Tonia Cowan
IRA
Ernest Lynch & Associates
E. 42Nd
Ernest C. Lynch
C.L.A. Chanered
Philadelphia Life Asset Planning Co
Market Street
Philadelphia
Southwest Financial Service
Andrews
Odessa
Texas
Cali
John Arrick
East
11Th St
Edward D. Jones & Co
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