Purchasing Jokes / Recent Jokes
Cologne, May 27 dpa - The U. S. dollar is undervalued against the Deutsch-mark based on how many “Big Mac” hamburger sandwiches the two currencies can purchase, said one of Germany’s leading institutes.
The Institute of the German Economy (IW) in Cologne noted that the popular sandwich by the McDonald’s restaurant chain is increasingly being used by economists around the world as a measure of currencies’ relative purchasing power.
The institute said that currency exchange rates are often unreliable as an instrument to measure purchasing power. At the same time, “baskets” of products used to arrive at comparative purchasing power are complicated to compile.
A simple alternative, now that McDonald’s has spread to virtually every country on earth, has become to look at what a Big Mac costs, the IW said.
“A particularly hungry American can buy five Big Macs for 11 dollars. If he exchanged the money into Deutsch-marks, his 18 marks in Germany can just more...
Microsoft Trademarks the Trademark Symbol By Vince Sabio HumourNet Communications, Ltd. REDMOND, Wash (UPI) - Software and marketing giant Microsoft Corporation (MSFT) announced today that it has purchased the rights to the well-known "trademark" symbol, formerly denoted as "tm" in most print media. The symbol is commonly used to identify commercial product names that have not yet been registered with the U.S. Patent and Trademark Office. "It was a natural," commented John Schexnader, of Microsoft's Ministry of Information. "Several of us were sitting around after a board meeting a few months ago, and we were talking about what we should buy next. We were tossing around the idea of purchasing a country or two in South America, as kind of a follow-up to Sun Microsystems' trademark-infringement claim against The Island Formerly Known As Java, when it occurred to us that there are no countries named 'ActiveX.' We talked about changing the name of more...
Cologne, May 27 dpa - The U.S. dollar is undervalued against the Deutsch-mark based on how many "Big Mac" hamburger sandwiches the two currencies can purchase, said one of Germany's leading institutes.
The Institute of the German Economy (IW) in Cologne noted that the popular sandwich by the McDonald's restaurant chain is increasingly being used by economists around the world as a measure of currencies' relative purchasing power.
The institute said that currency exchange rates are often unreliable as an instrument to measure purchasing power. At the same time, "baskets" of products used to arrive at comparative purchasing power are complicated to compile.