> ok, stupid question, but when the world bank says that (as of 1999,
> iirc) 2.1 billion people lived on less than $1/day using the dollar as
> a marker of "purchasing power parity", does that mean the buying power
> of US$1 no matter where you are in the world, or does it mean the local
> equivalent of what US$1 would buy in the states?
The latter may seem "impossibly small," but it's true.
-- Luke