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...some places, the crisis has actually helped stimulate business. Ukraine's currency, the hryvnia, has lost about 35% of its value against the dollar and euro since the start of the downturn, a change that experts say is likely to boost the country's growing tourism sector and thereby the number of visitors willing to pay for a thrill. "The country is becoming a paradise for sex tourism before our eyes," says Yuri Lutsenko, Ukraine's interior minister, who worries about the trend. Police experts forecast that Ukraine's sex industry will more than double its revenues this year, generating...
...just the merest pretext for stringing together provocations. At the beginning, Brüno is the hip-cocking host of Funkyzeit, a late-night Austrian TV show that tours the world of style. When he wrecks a runway show and ends up shunned by the Euro-fashion crowd, he lights out for the Middle East, Africa and the U.S. to become "the biggest Austrian superstar since Hitler." At which point Brüno becomes, again like Borat, a road comedy, the odyssey of an outlandish man whose greatest talent - actually, his only talent - is to bring out the worst...
Heading abroad from the U.S. this summer? Consider packing a few extra dollars. Since early March, the greenback has fallen 11% against the euro and 17% against Britain's pound as investors who had sought out the dollar as a safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London...
That's a reversal from the recent uptick. Traditionally a safe bet amid economic mayhem, the dollar climbed about 25% against the euro in the eight months to March this year; the unattractiveness of rival currencies only made it more appealing. But, says Derrick, "that drive seems to be shifting substantially." Sure, a hint of bleak economic data can still goose the greenback - the prospect of poor U.S. payroll figures for June, set for release Thursday, has helped boost the currency in recent days - but optimism in other assets is on the rise. Global equity markets, in particular those...
Read "Is the Euro the New Dollar...