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I think some banks try to pay a bit extra as goodwill, as a few extra hundred per week over 10 weeks is a small price to encourage the interns to come back as grads or come back later in their careers... also to get interns hooked on earning good money as an incentive to get them to come back

Some of the other banks try to pro-rata a graduate salary, which ends up being a fair bit more than that

So how did your massive short position on MBL go on monday? Or did you not

cheaper... food tv high-technology goods IT services

Yeah, but do you have any figures/textbook that says that? You can change it in your profile.

That makes sense, but what happens under a fixed exchange rate system? Does it equal zero?

The accounting thing is probably the doubly entry system. I've been told that you have to know that the BOP always equals zero under a floating exchange rate, it's nice if you know why but you don't need to know why. BOP == 0 under a floating exchange rate. That is, the current account...

I think that's compeltely unfair. Gittins has always maintained that he writes about the economy from an unbiased political opinion - neither right nor left. From what I've read the FTA benefits the US more than Australia (no suprise considering they are larger and had more barganing power)...

Of course, but not for a year. And americans have long pre-election campaigns.

Hmm... let's see, what justifications are there for the war? Weapons of mass destruction - not a reason since they don't exist; Freeing the iraqi people from a brutal dictator - not a reason, the international group Human Rights Watch said in their latest report that there wasn't enough...

I think he means that a lot more money flows in and out of the economy because of trade rather than income. But the income component does make up the majority of the current account defecit. I assumed it does. My textbook says the BOP == 0 under a floating exchange rate, wouldn't that mean...

Izvenite menya moya boroda gorit!

Izvenite menya moya boroda gorit.

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Hmm lets hope so

Congrats! You got it!

Economic Left/Right: -0.62 Social Libertarian/Authoritarian: -5.44 That would make me 'libertanian left'. I actually thought I was libertanian right, but that's how it goes I guess. :edit: And that would put me in the same spot as Mozart! Does that make me a genious as well? lol

Yes well of course I know equilibrium is when demand == supply, duh :)

Did anyone say you spoke english well for an Austrian? lol I'm just kidding, that only happened to me once anyway.