The Big Mac, a (nearly) perfect form of global currency

EconomistEconomist

Have you ever exchanged your dollars for a different currency? I don't know about you, but I'm always confused as to how much I'm actually getting. If I can trade one dollar for 0.75 euros, can I still get as much stuff as I would with a dollar (which, admittedly, is not that much)?

For over 20 years, The Economist has been giving a clever answer to this complex question: Big Macs. The Economist's Big Mac Index compares the prices of that beloved artery-clogger around the globe, and in the process helps show just how much you can get for your dollar. Or franc. Or rouble. In their latest index, you can get a burger in the U.S. for about $3.41. But in China, it will only cost you $1.45. If you're traveling to Norway, though, it will cost you a whopping (pun intended) $6.88!

The Big Mac isn't a perfect way to measure exchange rates and purchasing power. After all, you can't trade them across international borders (eww!). But they have the advantage of being made the same way no matter where you go, an elusive quality in international markets.

Want to find out more about the Big Mac index, or any number of other current events or international trade topics? As an AADL cardholder, you can actually access The Economist in its full-text glory in General OneFile, one of our great research databases. You will need to login to your aadl.org account to follow the database link.

Rarely Seen are Now Readily Accessible

frogfrog

This is not a zigzag bladderwort, it's a Blanchard's cricket frog, one of the more than 600 rare plants and animals featured in the new Michigan Rare Species Explorer. The curious of all ages can search by habitat, location, name, best time to view or browse the beautifully illustrated entries for all the species. Kudos to the team at the Michigan Natural Features Inventory for this wonderful new resource.

It's Not Official

pastypasty

After much research we are sad to report there is not an official Michigan Pasty Day. Although Governor Romney proclaimed May 24, 1968 as Pasty Day and Governor Milliken declared May 25, 1972 as Pasty Day, these single-year proclamations do not do justice to the importance of the pasty in Michigan’s history and cuisine. Perhaps Governor Granholm can rectify this situation. Best place to get pasties? Jean-Kays Pasties in Marquette, across from the NMU Superior Dome

Who is this "Cerberus Capital Management," anyway?

Chrysler logoChrysler logo

With DaimlerChrysler's recent sale of the Chrysler Group to Cerberus Capital Management, you may have been left with the same question I was: who on earth is Cerberus Capital Management?

Fortunately, AADL's fearless research databases (available on the research page) can help us out. The Business and Company Resource Center provides quick access to summaries, financial data, management information, and articles on thousands of companies, including Cerberus Capital Management. Check it out!

Earth Day Festival at Matthaei

earthdayearthday

Sunday, April 22, will be even more beautiful when you attend the Earth Day Celebration at Matthaei Botanical Gardens. From noon to 4 p.m. take in animal demonstrations, live entertainment, hands-on activities and of course miles of nature trails and outdoor gardens. Start your visit with a nature walk at 12:30 led by the Huron River Watershed Council, then head over to the All Species Parade at 2 p.m. Admission is FREE thanks to donations from area businesses, so take this opportunity to get acquainted with Matthaei.

Walking and Talking about Huron River Drive

huronhuron

The weather's going to be perfect Saturday, April 21st, so get out the bike or get on your walking shoes and enjoy a vehicle-free portion of Huron River Drive from Bird Road to North Main between 9:00 a.m. and noon. The City is developing a Plan to improve that section of the roadway and they want your input on balancing the needs of different users of this beautiful stretch of Huron River roadway.

Composting Extravaganza

compostcompost

Yes, composting can be extravagantly entertaining to watch when the science wizards at the MRF turn 12,000 tons of leaves into dark, yummy mulch. Join them this Saturday, April 14th, from 10:00 a.m. - noon, and receive a coupon for a free, yes free, bushel of compost. But wait there's more. You can also tour the recycling center for free.

Welcome News on Wireless Washtenaw

keyboard

Wireless Washtenaw is almost ready for prime time. And to get you up to speed and ready to log on, CTN Channel 19 will be talking to the movers and shakers behind this county-wide initiative on Conversations beginning Wednesday, April 11th at 10:30 a.m. with daily replays. Check the CTN schedule for full details.

Climate Change Report

worldworld

The UN Intergovernmental Panel on Climate Change has released a summary of the Climate Change 2007 report. The report details how climate change will affect every region of the earth. The full 1,572-page report will be available on the IPCC web site.

Viva la Vino

winewine

April is Michigan Wine Month and there are events for wine enthusiasts and novices alike: classes, weekend vineyard getaways, wine trails, tastings, festivals. For a complete list of Michigan wine events, wineries, and to preview the new Michigan Wine Country magazine, visit the Michigan Wines web site.

Syndicate content