Word: bondses
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Ballplayers are star performers in a $1.8 billion entertainment industry. When movie stars get $10 million to $15 million per picture, Barry Bonds' $7 million a year doesn't seem unreasonable, especially for a player who last year helped save the San Francisco franchise, which had been headed for Florida...
Day after day the greenback has been hitting post-World War II lows against the Japanese yen. At one point last week the dollar would buy less than 98 yen, down about 2% since June 21 and 10% since February. The dollar has also fallen about 8% this year against...
One such trader is Leonid, a lanky, unshaven roughneck who formerly belonged to an elite unit of the Soviet army. After leaving the military in the late 1980s, Leonid spent several years repairing apartments and fixing toilets, until he started brokering Russian-made wine in front of the Kiev railway...
A falling dollar can also mean higher interest rates, and this is where the federal deficit comes into play. The U.S. government is already $4.5 trillion in the red, and every year it has to borrow another $200 billion or so by selling bonds. A hefty chunk of this sum...
Will the recovery be weighed down by rising interest rates? Business / executives, bureaucrats and factory workers share that concern. Last week the Bundesbank said it would make no further rate cuts "for some time," but that announcement exacerbated worries that inflation might be poised for a comeback. European bond-market...