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Dollar's fall is felt around the globe: Weakening U.S. currency harms overseas markets
The sharp decline of the U.S. dollar since 2000 is affecting a broad swath of the world's population, with its drop on global markets being blamed at least in part for misfortunes as diverse as labor strikes in the Middle East, lost jobs in Europe and the end of an era of globe-trotting rich Americans. It marks a shift for Americans in the global economy.Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying
Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying By Ye Xie March 21 (Bloomberg) -- The dollar dropped the most against the currencies of six major U.S. trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve’s plan to purchase Treasuries spurred speculation that it’s debasing the greenback. “What it introduces is the problem of the currency to the extent that the Fed is buying what isn’t desired by foreign holders,” said Bill Gross, co-chief investment officer of Pacific Investment Management Co., in an interview on Bloomberg Television on March 19.A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad
A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad By PETER S. GOODMAN (THE NEW YORK TIMES) Published: March 8, 2009 As the world is seized with anxiety in the face of a spreading financial crisis, the one place having a considerably easier time attracting money is, perversely enough, the same place that started much of the trouble: the United States.Arabs lost 2.5 trillion dollars from credit crunch: Kuwait (Jan 16 04:30 PM US/Eastern)
Arab investors have lost 2.5 trillion dollars from the credit crunch, Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah, whose country hosts an Arab economic summit next week, said on Friday. "The Arab world has lost 2.5 trillion dollars in the past four months" as a result of the global financial crisis, Sheikh Mohammad told a press conference following a joint meeting of Arab foreign and finance ministers in Kuwait. He also said that about 60 percent of development projects "have either been postponed or cancelled" by the six-nation Gulf Cooperation Council (GCC) states because of the global meltdown.he Trillion Dollar Fix
The Trillion Dollar Fix by Megan McArdle (Atlnatic Magazine) Facing the biggest financial crisis of our generation, the Obama administration has certainly been busy. In the first hundred days, the administration has pushed through the largest stimulus package in U.S. history, steered Chrysler and GM toward a managed reorganization, and stress tested our banking system.Battery Operated Toy Speed Boats sold at Dollar General Recalled Due to Burn Hazard
NEWS from CPSC U.S. Consumer Product Safety Commission Office of Information and Public Affairs Washington, DC 20207 FOR IMMEDIATE RELEASE October 15, 2008 Release #09-012 Firm's Recall Hotline: (800) 678-9258 CPSC Recall Hotline: (800) 638-2772 CPSC Media Contact: (301) 504-7908 Toy Boats Recalled Due to Burn Hazard WASHINGTON, D.C. - The U.S.Love The Dollar Stores
THINGS FROM THE DOLLAR STORE You never know what you will find at the dollar store. What have some of your favourite finds been? Looking for a bargain on a dental mirror and pick?Ron Paul says current economic policies will destroy the dollar.
The article below is very depressing. Read at the risk of being totally distraught over this countries current economic policies. U.S.Jay Leno sued by Macy’s heir over million dollar car
Jay Leno has an extensive car collection. Aside from his TV gig as host of the Tonight Show, it’s what he’s best known for these days, even having an internet segment through NBC called Jay’s Garage. Not only does he have a lot of them, he has a rare and valuable collection.Shakira to Sign Multi-Million Dollar Deal with Live Nation
Shakira is about to become a whole LOT richer. Shakira is reportedly in talks with Live Nation for a $70 million dollar deal in which she'll be obligated to release another English-language studio album next Spring. According to the New York Post, Shakira has agreed to terms including recording, touring, merchandising and other rights.
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