57: Stats-urday

Our Swiss town is in bloom from the ground all the way up to the treetops. The air is delicious.

Everyone complains about McDonalds food, but does anyone appreciate its value as an economic indicator?

Believe it or not, the price of a Big Mac tops the list of economic indicators at an international statistics website, which makes perfect sense to us because at some point, we all have to rely on a Big MacAttack to raise our blood sugar levels when overseas and surrounded by local cuisine aka unidentifiable food.

NationMaster.com reports that in Canada a Big Mac costs $3.01 while in Switzerland it costs $4.93. I don’t want to cast aspersions on NationMaster.com, but hamburgers here cost more than that. Dave estimates we pay $6 (Cdn) for a Big Mac, or $12.50 if we decide to live it up and order the Big Mac Meal. To be fair, NationMaster sources this particular piece of data back to 2006.

Nonetheless, Canadians will be thrilled to know that according to IMB International, while the Swiss are renowned for their fidelity to modelling to the world how to stay on-time and fiscally sound, Canada still ranks higher for business efficiency at 5th place. Switzerland was 8th. This data is seven years old, but it makes my homeland look good so I’m not going to search for more recent figures.

Our GDP per capita is six per cent higher, too. That’s another figure I’m not going to update.  And our gross national income is a whopping 146% higher – take that Switzerland! Canada rules.

On a more personal financial note: Dave’s Swiss salary is on par with his Canadian salary, but our cost-of-living is significantly higher here. I should emphasize significantly (the triple-threat of emphasis – bolded, italicized and underlined!), all the more so because we are living a very green, pared-back lifestyle here compared to our lives in Canada.

In Canada, we have a 2400-square-foot four-bedroom house; here we have a 400-square-foot single room bachelor suite. There, we have two cars in our garage. Here, we walk everywhere we go and rely on trains for out-of-town trips. There, we eat restaurant food probably once a week, more when we were both working. Here, we dine out about once every three months (this excludes sandwich and hamburger joints where we fill up while touring). By all counts, we should be spending less money here, but we actually spend more. A lot more.

And now for less painful statistics …

BlogBits

This week on Hobonotes stats page:

  • Top three countries: Canada, U.S. and Switzerland. Oddly for some reason, Canada pounds out everyone else with over 200 hits while the U.S. logged only 60. I know Americans will not take this sitting down.
  • Bottom three countries: Greece, Denmark and Austria
  • Readers from Japan: Two.
  • Oddest search term: “Loads of people riding elephants in India.” As this blog covers neither crowd issues, pachyderms or India, I am at a loss to explain how Google brought this reader to this site.
  • Blogoddity: This week is the first when the topic of Paris food did not make it to the top ten of most read posts. I know the French will not take this sitting down.
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Bratislava the Beautiful

Despite rampant graffiti, vacant streets and widespread signs of urban rot, Bratislava is a European city and therefore, still rich in magnificent architecture. What makes it outstanding in some measure is that it is a living urban museum of its past. Like all European cities, attempts are ongoing to wash out signs of WWII and the economic trashing it produced, so if you want to see something before municipal planners hit the “delete” button, go to Bratislava. Slovakia may be in the economic basement, but there are signs of an upward swing. And if the money should present itself, it might start facelifting-away those markers of its sad history. Why not? The Berliners did it, eradicating all but a small strip of the Berlin Wall? Still, as an anti-revisionist, I hope they leave some scruffy bits.

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And now, something for the economists…

Dave emulates his economic-theorist hero Adam Smith.

Economic theorists, heads-up. My hubby Dave has walked by many works of fine art, concert halls and astonishing vistas with only the barest nod in the attraction’s direction, which is why I was stunned as we walked through the business section of Vienna to hear him say, “Oh, Adam Smith!” as he walked past this statue that, you will notice, only says A. Smith. How did he know the statue honoured Adam Smith? It turns out that Smith is the author of An Inquiry into the Nature and Causes of the Wealth of Nations. It was a pioneering work of political economics. I did not know this, but it goes to show something. I’m not sure what, except that it underscores that Dave knows a lot more about monetary systems, economics and investments than do I.