Word: indexing
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...That strength turned out to be temporary. A ballooning U.S. budget deficit and escalating government debt has made the dollar currency non grata in many quarters once again. An index that measures the greenback's value against a basket of major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen...
...California data also reveal a potentially new risk factor for H1N1: obesity. Obese individuals were disproportionately represented in the state's sample of hospitalized cases - 58% of adults age 20 or older registered as obese, and 43% of these morbidly so. Those with excessive body-mass-index measurements tend to have other medical conditions related to weight that may put them at risk of suffering more severe infection with H1N1. Being overweight can increase sleep apnea and reduce lung function, for example, both of which can impair a heavier person's ability to overcome a respiratory infection like influenza. Among...
...economic crisis since the Great Depression. The Chinese response to sharp declines in manufacturing and exports has been cheered for its effectiveness. Government stimulus spending and loose credit powered the country's economy to an 8.9% growth rate in the third quarter, and the most recent Purchasing Manager's Index (PMI), a widely watched gauge of economic sentiment released on Oct. 30, rose for the eighth straight month. It now shows "sustained expansion in industrial activity," says Jing Ulrich, managing director at JPMorgan in Hong Kong. At the same time, the U.S.-China economic relationship is not as lopsided...
...Lost America I wholeheartedly agree with Michael Schuman's views in "American Lament" [Oct. 12]. America's influence, reach and power is waning, but on the other hand, we read President Obama's compelling speeches on the Internet, follow the Nasdaq index, and accept the U.S. dollar as a base currency. America might have lost its direction in recent years, but I believe the best is yet to come under Obama's leadership. Sirinthra Malhotra, Bangkok, Thailand...
...were in the U.S. With 58 million daily customers worldwide, McDonald's are now so ubiquitous around the globe that The Economist publishes a global ranking of currencies' purchasing power based on the prices charged at the local Mickey D's, dubbed the Big Mac Index. That's not to say that every nation carries the same menu items: choices vary widely depending on location. The biggest seller in France after the Big Mac is a mustard-topped burger called Le Royal Deluxe. Some Asian locations serve fried shrimp in a Big Mac roll, while McDonald's in India...