Word: dollarã
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Amidst a weakened dollar??which drove up the cost of foreign purchases—and skyrocketingcosts across the board, and a stagnant unrestricted budget, the Harvard College Library’s operating budget has “effectively” decreased over the past decade, according to Classics Professor Richard F. Thomas...
...Political parties—I pray their members know—do not set the value of the dollar (which is a floating currency). Presidents only appoint a Chairman of the Federal Reserve who has (limited) control over the interest rates. Those rates influence the dollar??s value—as does demand from abroad. In the end, a prolonged and unsustainable trade deficit is more to blame for the weakening of American currency than any one president...
...planning to cross the Atlantic in the foreseeable future knows how expensive Europe has become. After some misinterpreted comments by a French policymaker, the single European currency hit a new all-time high against United States currency last Tuesday: It briefly cost 1.60 dollars to buy a euro. The dollar??s weakness predates the current financial crisis investment banks are fretting about and the prophecy of recession. Driven by gargantuan budget deficits in Washington and compounded by a negative American trade balance, the euro has been gaining ground against the dollar for years...
Harvard may have invented its own currency, but Crimson cash won’t get you far in Europe. This semester, students studying abroad have watched the dollar??s tumbling value in dismay, as it jacks up the cost of their time abroad. When David H. Garcia ’09 arrived in Paris this September, he didn’t expect the sharp difference in prices. “There was definitely a [price] sticker shock,” he said. “I was not totally prepared.” In the past year...
...room. The intruder responded by asking Tuan if he had change for a dollar. Tuan said he continued to demand an explanation for the man’s entrance, but the stranger would only elaborate that his mother had sent him up here to get change for a dollar??even pulling out a dollar bill. “The man was more frightened to be there than I was,” Tuan said. “It seemed like he was ready to dart.” Tuan said that as he started to approach the intruder...