Word: dollarization
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...source of wonder. But it's not just the plastic surgeons who help the cosmetically challenged. Any M.D. can legally shoot you with Botox or a body-hair laser. Urologists and gynecologists nip and tuck at the naughty bits of both sexes. Today any doc can turn a pretty dollar getting hair to grow, pounds to melt off or aging private parts to work like new. None of this has much to do with relieving the suffering of the sick and disabled...
...Take the country's largest life-insurance company, China Life, which trades in Shanghai, Hong Kong and New York. On Jan. 31, China Life shares had a price/earnings ratio of around 70 (a stock's P/E ratio measures the amount investors are paying for every dollar of per-share earnings). That's a richer multiple than investors are shelling out for fast-growing Google, the investing world's flashiest Internet phenomenon. Nor are high prices confined to just a few Chinese stocks. Webb estimates the average P/E for so-called "A" shares (stocks available to mainland investors on China...
Take the nation's largest life-insurance company, China Life, which trades in Shanghai, Hong Kong and New York City. On Jan. 31, its shares had a price-earnings ratio of around 70 (a stock's P/E ratio shows the amount investors are paying for each dollar of per-share earnings). That's a richer multiple than investors are shelling out for fast-growing Google...
...kiosks sells everything from clementines to wallpaper to negligees to banitsa, a flaky pastry stuffed with the feta-like "white cheese" used in many Bulgarian dishes. One kiosk sells mulled wine from barrels for 1.2 leva, about 80¢, a liter--a price indicative of how very far the dollar goes. The top end is a bargain too. At Pri Yafata, an upscale restaurant serving traditional Bulgarian cuisine (which means Turkish and Greek influences plus a proclivity for using all parts of the animal--hot pig's head soup, anyone?), a folk-style three-course dinner for two with wine...
...Even then, the wages paid by the security forces are minuscule compared to what a fighter can earn working for a heroin-trafficking warlord. Still, says Jawad, government recruiters are able to play on patriotism and moral duty. "We should not look at strictly on a dollar basis," he says. "This is building Afghanistan, and the other path is destroying Afghanistan. So people are willing to take some sacrifices providing they're able to feed their children...