Infographic 24 in our #Dailychart
Advent calendar looks at our Big Mac Index. Our fun guide to whether
currencies are at their "correct" level shows that the average price of a
Big Mac in America in July 2013 was $4.56 and in China it was only
$2.61 at market exchange rates. So the "raw" Big Mac index says that the
yuan was undervalued by 43% at that time http://econ.st/1gUvVft #burgernomics
C.I.A. Said to Aid in Steering Arms to Syrian Opposition
By ERIC SCHMITT
A small number of American officers are operating secretly in southern
Turkey, helping decide which Syrian rebel fighters across the border
will receive arms.
Most Big Banks Scrap BoA-Like Plans For New Debit Fees
After watching Bank of America take a beating, many other major banks say they will steer clear of the new charges.
THE Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world. Our index shows that Asia remains the cheapest place to enjoy a burger, while those on the hunt for a value meal should steer clear of Scandinavia. The euro, despite its troubles, continues to be expensive when compared with many other rich-world currencies, though the British pound is trading close to its fair value. China's recent decision to increase the "flexibility" of the yuan has not made much difference yet—the yuan is undervalued on the burger gauge by 48%. For more on the Big Mac index see article. ...
...being thrown clear of the wreckage.
(clear of) Not touching; away from: the lorry was wedged in the ditch, one wheel clear of the ground
More example sentences
- His grateful passengers disembark and head for their cars, parked on either side of the road clear of the water.
steer
(stîr)
v., steered, steer·ing, steers.
v.tr.
- To guide by means of a device such as a rudder, paddle, or wheel.
- To guide a vessel or vehicle.
- To follow or move in a set course.
- To admit of being steered or guided: a craft that steers easily.
A piece of advice.
idiom:steer clear
- To stay away from; avoid.
[Middle English steren, from Old English stēran.]
steerable steer'a·ble adj.steerer steer'er n.
steer clear of
Stay away from, avoid, as in Dad warned us to steer clear of Dr. Smith and his poor advice. This idiom alludes to guiding a vessel away from some obstacle. Its figurative use was first recorded in 1723.
steerer tube
Hazard: The alloy steerer tube could separate from the fork causing the rider to lose control, posing a fall hazard to consumers.
A bicycle fork is the portion of a bicycle that holds the f
busman
steerer tube
Hazard: The alloy steerer tube could separate from the fork causing the rider to lose control, posing a fall hazard to consumers.
A bicycle fork is the portion of a bicycle that holds the f
busman
One who drives a bus.
Steerman 姓Frequency: (135)
(number of times this surname appears in a sample database of 88.7 million names, representing one third of the 1997 US population)
1. North German (Steermann): occupational name for someone who looked after steers (see Steer).
2. South German: occupational name for someone who raised rams (see Steer 2).
Steerman 姓Frequency: (135)
(number of times this surname appears in a sample database of 88.7 million names, representing one third of the 1997 US population)
1. North German (Steermann): occupational name for someone who looked after steers (see Steer).
2. South German: occupational name for someone who raised rams (see Steer 2).
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