Wednesday, June 15, 2005

Breaking the Law and the Big Mac Index

On Monday I found out I had inadvertently been driving around London for the past 7 months without having insurance on my car. I found out in a process of taking further steps towards becoming a responsible, self-managing adult. It's lucky that Monday was the day I decided to do that! It was quite a shock, but fortunately I had no accidents in those 7 months, and now the situation has been rectified, and I am a fully insured, responsible, law abiding citizen. I think I need to take a driving test to get a British driving license. Oh dear. It's like being 17 again (but with slightly more spending power) I'll keep you posted...

I have started reading the economist. The reason I bought it was because I met someone who does book reviews for it and thought it would be a neat thing to do (and thought I should read the ones they publish and see what they're like - you know, you have to understand the enemy and all that...) However, I think it might be a good thing for me to browse through on occasion. It's a whole world that I didn't even know existed. For example, once a year they publish something called (I think, I left it at home and will need to double check) the Big Mac Index. It's basically a run down of the world's currencies and their purchasing power parities in relation to how much a Big Mac would cost. I've found a link and will include it for your peruasal. I don't know if it will have any impact on my day to day life (especially since I don't buy Big Macs in England, let alone the rest of the world) but it's quite interesting to know that these sorts of things are out there. It can only help make me smarter - ha ha! Just think, 24 hours ago I had no clue what a purchasing power parity nor a Big Mac index was...

http://www.economist.com/markets/bigmac/displayStory.cfm?story_id=2708584

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