Word: dollars
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...might think the highest-rated Oscar telecasts are in years when there's a close contest in the major categories, as with Crash and Brokeback Mountain two years. Nuh-uh. It's the runaway years, when billion-dollar blockbusters like Titanic and The Lord of the Rings: The Return of the King get what are essentially People's Choice awards, and its makers wear a path in the rug from their seats to the stage. Moviegoers who are TV viewers don't want horse races; they want coronations - validations that somebody in Hollywood is ready to honor the movies they...
...otherwise promising “Fast Car.” Without a doubt, the strongest parts of the album are when Wyclef sticks with his soft, introspective vocals and signature blend of hip-hop and rock. The album’s first single “Sweetest Girl (Dollar Bill),” featuring Akon and Lil’ Wayne, does justice to the Wu-Tang Clan’s “C.R.E.A.M,” which it samples. “Heaven’s in New York” is a moving tribute to Wyclef?...
...surprise that Indian exporters are complaining about their country's strengthening currency. The rupee's 13% rise against the dollar this year has eaten into the profits of technology and service companies, which typically have close to two thirds of their clients in the U.S. Textile manufacturers, who often operate on silk-thin margins, have also taken a hit as a result of being paid in dollars...
...those Indians rich enough to travel abroad and buy luxury imports have been made even richer by the falling dollar. The prices of some imported televisions, computers and digital cameras has fallen by around 10% in the past month or so, as inventory bought at the new exchange rates starts hitting the shelves. Also cheaper are the cost of some overseas flights and hotel rooms, especially in the U.S. "We've definitely seen growth in outbound traffic since the rupee started strengthening, both at the individual level and at the corporate level," says Madhavan Menon, the managing director of travel...
...despite exporters' grumblings, October's export earnings were actually up 35% in dollar terms from last October, a still respectable 18% in rupee terms. In the past week, the rupee has actually begun to slip a bit, partly because of worries about the high oil prices. But when economists look back at 2007, they will probably see it as a turning point in the currency's fortunes. For decades, the rupee has steadily depreciated. Now it seems to have turned a corner. One inkling of the significance of the change can be seen in the entrance fees to monuments such...