The Falling Dollar
When the euro’s value reached an all-time high of $1.52, Jean-Claude Trichet, the president of the European Central Bank, told the press that he was concerned about its rapid appreciation and wanted to “underline” the United States Treasury’s official policy of supporting a strong dollar. Several European finance ministers subsequently echoed a similar theme. In [...]
Increases in Housing Costs in Austria Have Grown At Twice the Rate of Inflation
Austrian households now spend every fourth Euro on housing, according to a new study by Kreutzer, Fischer and Partner Consulting, GmbH, in Vienna. And while increased energy costs, up 31.7%, are certainly a factor, they are far from the only one and not the largest. The increases include dramatically higher costs for garbage removal (+55.4%), [...]
Glass Ceiling Remains: Equal Pay for Women Still a Stubbornly Elusive Goal
Men continue to earn nearly a third more than women in Austria, not because they are better qualified (they’re not), not because they are more ambitious (not that either), nor even because of men’s further professional advancement while the women are busy having children. They make more simply because they are men, according to a [...]
Dissing the Dollar
Who is this smarty-pants Brazilian with the German-sounding name and why is she giving up on the greenback? Gisele Bündchen – the highest paid model in the world, according to Forbes Magazine – made news last August when she insisted that her contract with the Proctor and Gamble shampoo brand Pantene be paid in Euros [...]
