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Difference in wages can be explained by differences in
French President
is the head of state of France, elected by the public for a five-year term, and is responsible for determining the country's policies and direction, in conjunction with the government.
American Exceptionalism
The belief that the United States has a special mission to serve as a refuge from tyranny, a symbol of freedom, and a model for the rest of the world.
Hurricane Katrina
A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing widespread destruction and loss of life.
Toxic Assets
Financial assets whose value has fallen significantly and for which there is no longer a functioning market, often causing substantial losses for those who hold them.
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