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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (135389)	4/2/2001 1:01:48 AM
From: Scumbria	Read Replies (1) \| Respond to of 1572630

Tim, Rents are much lower in Europe, and the desire for big houses is an American thing. Most Europeans would rather live in a small flat near the center of town, where the action is. BTW: We paid $2500 a month for a 900 sq. ft. house in Silicon Valley. Scumbria

To: TimF who wrote (135389)	4/2/2001 3:23:09 AM
From: tejek	Read Replies (2) \| Respond to of 1572630

heir per capita GDP is lower, every country in Europe except Luxembourg. These valuations are in dollars and they are based solely on GDP. There is lot of additional data that needs to be factored in. For an example, in Sweden, there are approximately 7 kroners to the dollar. If one kroner has the same buying power in Sweden as one dollar has in the US, then Sweden's living standards in terms of buying power is considerably higher. And even if there was parity between the dollar and the kroner, a good chunk of the Swedish budget is not going towards defense and can be spent on other things to improve the standard of living. And I don't think an eighth ranking for Norway at all reflects the wealth of that country. Its oil rich with a strong shipping and fishing industry. It is very affluent and has been for a number of years. The concern there is that the people have become so spoiled that what will happen when the oil runs out in 50-100 years. Consequently, the Norwegians are quickly setting $$$ aside as a reserve as well as seed money for venture capital. I think there is no comparison between the US and Norway's standard of livings....Norway undoubtedly is much higher. I suspect Sweden, Iceland, Switzerland, Denmark and Norway and maybe Japan are if not the wealthiest nations in the world, the ones with the highest standard of living. Germany would be up there too if it were not for the former GDR. ted