Currencies
U.S. fast-food workers went on strike on Thursday, targeting fast-food restaurant operators such as McDonald’s, Wendy’s, KFC and Burger King. They are seeking wages of US$15 an hour and the right to unionize without retaliation. At present, some are earning US$8.60 an hour while others are getting US$10 an hour. On the other hand fast-food […]
... written on May 17 2014Have you notice food prices have already been increased since early of the year? If your normal basic “Wantan Mee” was RM5.00 last year, it’s RM5.50 now – that’s 10% increase. A plate of “Mee Goreng” at Mamak stall is now RM4.00 when it was RM3.50 three months ago. Of course if you stay in […]
... written on Feb 21 2014Charles Ponzi was a genius, without realizing it himself. Born in Italy, he became famous in the early 1920s. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a […]
... written on Oct 11 2012Last month, Apple Inc.’s market capitalization zoomed above the $500 billion mark. The company’s stock reached the 52-week high at $548.21 a share, just two bucks shy of $550 a share and this is the immediate resistance level. With yesterday’s closing of $533.16 a share, this monster has market capitalization of $497.10 billion. Now everybody […]
... written on Mar 06 2012According to U.S. Treasury, major foreign holders of treasury securities amounted to a mind-boggling $4,478,000,000,000 (that’s about $4.5 trillion), as of July 2011, compared to $4.125 trillion registered a year ago in Jul 2010. Going by the rate the country is borrowing, the debts can only go one way – up. As of June, 2011, […]
... written on Sep 27 2011In a couple of days, United State’s focus will be shifted to the 10-year anniversary of 911 (Sept-11) attacks on the World Trade Center and Pentagon. This could be the sweetest anniversary or remembrance since the attacks because the master-mind, Osama bin Laden, is dead. At the same time, the federal government is escalating security […]
... written on Sep 08 2011When the Dow tumbled more than 500 points yesterday, the worry and concern that the largest economy powerhouse may collapse reappears. Frankly, it isn’t that difficult to imagine that the U.S. dollar may collapse due to the huge debts and deficits. Historically there are many examples on how hyperinflation drove a country to total disarray. […]
... written on Aug 06 2011People make mistakes and some of them could be very costly. Some knew of the consequences but still the sex pleasures overrule everything. Many don’t really care because it was the public money. Some tried to cover their mistake but it got worsen and the hole got bigger. And of course some thought things can’t […]
... written on Apr 29 2011On average a McDonald’s Big Mac costs about 14.5 yuan or about US$2.18 in China (Beijing and Shenzhen) as compare to US$3.71 for the same burger in the United States. Based on a study done by McDonald and Economist using Big Mac Index, a semi-hilarious method of measuring the PPP (purchasing power parity) between two […]
... written on Oct 18 2010Japan intervened to sell yen for the first time in six years pushing other currencies higher. Dollar, Euro, Sterling, Australian dollar are all higher against the Japanese Yen. Finance Minister Yoshihiko Noda said Japan intervened in the foreign exchange markets as the impact of the yen’s rise on the economy could not be ignored and […]
... written on Sep 16 2010
