The US dollar dropped

The US dollar dropped today after the report showed that the unemployment rate in the US was at the highest level in 26 years as the US employers added only about one-third as many jobs as was expected, driving the investors away from the dollar to other currencies.

The US nonfarm payrolls grew by 39,000 work places in November. That’s significantly less than the growth by 172,000 in the October and the forecast reading of 143,000. The unemployment rate grew to 9.8 percent. It was expected to remain unchanged at 9.6 percent.

The poor employment reports caused the new wave of the criticism of the Federal Reserve’s quantitative easing program and renewed the concerns that it may destabilize the economy. The Standard & Poor’s 500 Index was little changed after it dropped 0.4 percent. The dollar fell against all most-traded currencies except the Mexican peso and the Canadian dollar.

EUR/USD closed at 1.3411 today after opening at 1.3208. GBP/USD closed at 1.5771, rising from 1.5599. USD/JPY dropped from 83.81 to 82.71, following the decline to the intraday low of 82.53.

If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

The 20 Weirdest Shoes in the World

Shoes are a necessity but nowadays they are a status symbol or if nothing more a way to show your personality. The craziest shoes you wear, the more outgoing and interesting you seem. But there are some shoes that just make you look weird. Take a look at some of the weirdest shoes you can imagine!

No one would like to step such a dangerous spider, maybe these shoes are meant to free you from arachnophobia (the fear of spiders).

If you enjoyed playing with Lego when you were younger, you will most certainly love these shoes.

The stereo snickers are just awesome; you can listen to the music while walking especially if you have forgotten your iPod.

You can put them in your purse and when you wish to change your shoes all you have to do is fold them, similarly to origami.

Don’t you just hate it when you step on a gum? But you won’t feel that way wearing these shoes.

These sandals from outer space are perfect for you if you are a Sci-Fi lover.

Animal lovers will be first in the line for these giraffe shaped shoes.

If you have big feet you should buy these shoes and sail away.

Banana shoes are amazing, but what if you get hungry, will it mean that your shoes won’t last long.

Aren’t the boys the ones who prefer to play video games? So why are these shoes for girls?

There is no better feeling than stepping on the soft green grass, these grass sandals will help you enjoy in that feeling every step of the way.

Good luck tying not to break a leg while walking in these.

With theses awesome snickers/jeans you won’t need to think about what to put on.

The hoof shoes totally look like they have come out of a Western movie.

These leather shoes look hot, a bit weird but hot.

This is how girls wear flippers nowadays.

I don’t think I’ll ever these cave-man shoes, they look repulsive. How about you?

These shoes can be used to open a bottle. They are perfect shoes to wear at a party.

Other disgusting shoes are these rat shoes, yak!

To end the list with some yummy shoes, these are eatable chocolate slippers. Take a bite!

Money does NOT buy you happiness, scientists prove (unless you have more than your neighbour)

Money doesn’t buy happiness – unless you earn more of it than your friends.

A study of life satisfaction in dozens of countries found that contrary to popular perception, economic growth doesn’t bring with it a corresponding long-term rise in happiness.

It found that while people may feel more positive in the short-term, the shine quickly wears off.

However, within an individual country, the rich people are happier than the poor.

An investor checks his stocks value at a stock exchange market in Shanghai October Despite a surge in wealth in places like China in recent years, overall happiness has actually fallen

This implies that what matters is earning more than others, not the actual amount earned, the journal Proceedings of the National Academy of Sciences reports.

The theory was first coined in the 1970s by US researcher Richard Easterlin and became known as the Easterlin Paradox.

With several recent studies challenging his conclusions, the Professor Easterlin set out to see if the pattern still exists.

After crunching together figures from 37 countries around the globe including nations with burgeoning economies such as China, South Korea and Chile, the University of Southern California professor proclaimed that little has changed.

He said: ‘Simply stated, the happiness- income paradox is this: at a point in time both among and within countries, happiness and income are positively correlated.

‘But, over time, happiness does not increase when a person’s income increases.’

Examples he gives include China, Chile and South Korea – countries in which per capita income has doubled in less than 20 years.

He said: ‘China’s growth rate implies a doubling of real per capita income in less than 10 years; South Korea’s in 13 years and Chile’s in 18 years.

‘With the real per capita amount of goods multiplying so rapidly in a fraction of a lifetime, one might think many of the people in these countries would be so happy, they’d be dancing in the streets.

‘Yet both China and Chile show mild declines in life satisfaction.’

South Koreans may be richer, but they also little happier than in the past, the review found.

Professor Easterlin concluded: ‘Where does this leave us?  If economic growth is not the route to happiness, what is?

‘We may need to focus policy more directly on urgent personal concerns relating to such things as health and family life, rather than on the mere escalation of material goods.’

Other recent research concluded that money does make us happy – but only up to a point.

Once we hit the £50,000 mark a pay rise makes little impact on the stresses and strains of everyday life.

The long hours put in by high earners may also leave them with little time to enjoy the fruits of their labours, the scientists from Princeton University in the US said.

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