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Anyone who has been to China would have noticed how much more expensive foreign goods cost there. From Starbucks to Nike, Haagen Dazs to Prada, foreign brands are often sold at a hefty premium in the Mainland.
This infographic explains why this is so and sheds some light on why there are often throngs of Chinese shoppers queuing up outside a luxury store in Hong Kong or anywhere else around the world.
A jacket or shirt may be reversible. Time is unidirectional, we are taught and some things simply cannot be reversed, like a hard-boiled egg. However, science has once again pulled the rug out beneath our feet. Earlier this week, ABC reported that scientists have discovered a way to un-boil an egg white. Apparently boiling an egg folds the proteins, and scientists have learned to unfold them. They can reverse the boiling process within a few minutes. Read more
Jeffrey D. Sachs,
Mario Blejer & Eduardo Levy Yeyati,
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