Word: dollars
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Dates: during 2000-2009
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...PHUKET: Private pools at the 39-villa Trisara resort come as standard, if that's any indication of the cosseting on offer. For a proper splurge, however, book Trisara's top-dollar escape. For $35,000, you'll be waited on hand and foot at a seafront three-bedroom hideaway for five nights, before boarding a three-cabin luxury yacht, which counts a spa therapist and chef among the crew. You'll then be taken on a one-night cruise around Phang Nga Bay, Krabi and Phi Phi, anchoring at Maya Bay - a location for the Danny Boyle movie...
...painful reminder that we are losing our democratic freedom of religion, speech and the press and are moving toward a dictatorship in which organized religion controls what we hear and see. Next, the Catholic League will censor the media from reporting sex crimes by priests and the resulting multimillion-dollar lawsuits. Alton Hardman Altus, Okla...
...absence of a reversal from within the U.S itself, Naudé says about the only thing the European Central Bank can do to undercut the dollar's slump is lower its own interest rates to create a degree of inflation to counterbalance any further rise in the euro's value. But that does nothing to undercut its appreciation outside the euro zone...
...Along with many other economists around the globe, however, Naudé adds that letting the dollar's value decay in the medium and longer term will send a terrible message to foreign investors about the U.S. economy as a whole. "In wider terms, the dollar reflects the richness of the American economy, and a cheapened, sliding dollar will eventually send the same economic image out abroad," Naudé says. That could influence the foreign banks and give investors injecting $3 billion worth of capital required every day to keep the U.S. economy growing second thoughts about where they place their...
...those reasons, Naudé predicts U.S. policy will eventually move to buck up the dollar against the euro and other currencies once again. Just don't look for that to happen any time soon - or as a result of European pressure...