Toys”R”Us Offering Wii “Bend Over” Bundle

Toys”R”Us has just gone above and beyond the call of corporate greed, in an effort to take advantage of every consumer interested in purchasing the popular Nintendo Wii console. The retailer is offering what is perhaps the worst next-gen console “bundle” in the history of gaming: a Nintendo Wii and 10 games (no first party [...]

Beefed Up: The Big Mac Index

OUR Big Mac Index provides a rough guide to how far currencies are from fair value. The index is based on the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods—in this case, a Big Mac hamburger. The implied PPP is the exchange rate that [...]

Message in a Bottle…..

Americans spent more money last year on bottled water than on ipods or movie tickets: $15 Billion. A journey into the economics–and psychology–of an unlikely business boom. And what it says about our culture of indulgence.
Read More:http://www.fastcompany.com
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Best Buy earnings down due to low-margin products

Best Buy’s first quarter earnings dropped by 18 percent according to their first quarter financial report (released today). Although Best Buy saw increased revenues during the first quarter of the 2008 fiscal year, they also saw a decline in profits due to the increase in revenue from low-margin products like notebook computers, game consoles like [...]

Taking a break…..

FINNS enjoy more paid statutory holiday every year than anyone else in the rich world, getting an average of 44 days off in which to relax (including annual leave and public holidays). Most European countries allow more than the EU legal minimum of four weeks. Even Britain, the most slave-driving, has an additional eight public [...]

Atlas: Where to Gas Up Around the Globe (Or Take the Bus)

How much are you paying for gas? Depends on where in the world you’re parked. In oil-producing nations like Venezuela and Iran, you can fill up for as little as 17 cents a gallon. But in tax-happy Germany and South Korea, you’ll pay more than six bucks. So even when prices hit near-record levels in [...]

The four circles of a changing world

When G-8 leaders meet for their annual summit this week, they will focus on reducing poverty in Africa and accommodating emerging powers. However, unless a new vision is forged to confront the changing reality of our international system, these challenges will remain insurmountable.
The first tier are the rich countries, including the United States and Europe, [...]

The Daylight Saving change: no savings, no point

The US government’s plan to boost energy savings by moving Daylight Saving Time forward by three weeks was apparently a waste of time and effort, as the technological foibles Americans experienced failed to give way to any measurable energy savings.
Full Story:http://arstechnica.com
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Chrysler sold to Cerberus for $7.4B

Three months to the day after DaimlerChrysler (DCX, news, msgs) announced that “all options” were on the table for its struggling U.S. Chrysler unit, private-equity firm Cerberus Capital Management said it would buy an 80.1% stake in Chrysler for $7.41 billion.
http://articles.moneycentral.msn.com
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4 gas-saving myths

Think you’re stretching your gas dollars by killing the air conditioning or buying your gas on Wednesday? Think again.
http://money.cnn.com
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