Yen is the equivalent of cents, not dollars, thats why the confusion, yen doesnt have a concept of 100 cents=1 xxx. In Rupees case it is an equivalent of dollars, 100 paisas = 1 Rupee.
So in this case 60x is a reasonable assumption except not including the Purchasing Power Parity.
>So this seems like a great strategy to improve market discovery for Amazon.
I am guessing if walmart does something similar, it is not brilliant, but in fact evil. I don't understand the enthusiasm for things like this if it is a brand that we like.
Remember walmart tried to open its own bank, guess what happened?
Not saying it should produce nobel laureates. All this talk about as if IIT is the only place in India, when the real work and research is done by graduates of other universities.
And nice cop out saying engineering is not science.
>For example, while Amazon may step on the shoes of the likes of Borders, look at what it is doing for consumers. On a global scale, we should be focusing on improving the lives of people, but at the same time we should continue to promote competition.
The same people who love Amazon are the same people who hate walmart and complain walmart is putting local businesses out of business. When in fact, Amazon pretty much grew their business by hiring walmart executives. And also while you look at what amazon is doing for consumers, also look at what it is doing for the enviroment.
Though I appreciate their efforts on this(this is the same company who did the nano), it would be interesting to see their solutions for the hot climate in India.
A mobile home could be built within that cost in India, lets say like a trailer in the US, but I wonder if anyone can live inside a pressure cooker in the hot climate. The air-conditioning alone would cost a significant amount, not to mention electricity, while a mud hut provides a better solution for the extreme hot climate. Though if it is successful, would change the landscape.
I am aware of how electronic badges work and that should keep things in check. Worst case they could ask for their id. My point is the electronic system does keep things in order, so why the color?
Maybe they should give violet badge to the 15 people working on the search engine. And similar color to different teams that way it is easier to identify.
Why do you need security guards to enforce when your badge is electronic(RFID). You swipe your badge everywhere you enter(including cafes inside buildings for which you swipe your badge to enter), especially in a company that is tech oriented. I dont think anyone with a white badge enter without swiping.
If its not a class system, whats the need for color coding badges? Don't you think an electronic badge will prevent and authorize access no matter what color it is.
You would think an electronic badge would still prevent access no matter the color. But then it would be too difficult to feel special or discriminate.
Thankfully the fortune 500 company that I work for in Bay Area doesn't have color coded employees. I heard Yahoo does the color coded employees and actively discriminate as well.
So in this case 60x is a reasonable assumption except not including the Purchasing Power Parity.