Word: euros
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Dates: during 2000-2009
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...other words, he is 50% Swiss, and that makes him all Swiss. A not-dissimilar legal privilege is extended to Swiss watches, which can only claim the celebrated tag "Made in Switzerland" if at least 50% of their production costs are incurred in the country. (See pictures from EURO 2008, which took place in Switzerland and Austria...
...That strength turned out to be temporary. A ballooning U.S. budget deficit and escalating government debt has made the dollar currency non grata in many quarters once again. An index that measures the greenback's value against a basket of major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen...
...that in the second quarter, dollars accounted for only 37% of new reserves accumulated by central banks worldwide. That's the lowest proportion on record for any quarter during which reserves increased significantly. At a time when many central banks are boosting their reserves, they are choosing to buy euro and yen instead. "Central banks are doing more than talking about reducing the concentration of [the U.S. dollar] in their reserve portfolios. They are actually acting on their statements," Englander wrote in an October report. (See how to plan for retirement...
...value. "Unchecked greenback emissions will certainly cause the purchasing power of currency to melt," the sage of Omaha wrote. "The dollar's destiny lies with Congress." Richard Portes, a professor of economics at the London Business School, believes that central banks will increasingly see other currencies, especially the euro, as more reliable storehouses of value. "The idea that there is no place to go is wrong," Portes says. If that's the case, the dollar better hope it has even more lives than a cat. - With reporting by Yuki Oda / Tokyo...
...significance of the celebration of Columbus Day is tied uniquely to Columbus’s Italian ethnicity and Catholic faith. While The Crimson’s anti-Columbus Day editorial bemoans “Euro-centrism,” they have conveniently forgotten that sad time in recent American history when Catholic ethnic immigrants—especially Italian Americans—were subject to violence and discrimination. It was a time when the expulsion of Southern European “inferiors” from this land was the objective of mainstream nativists in American politics, many of whom found moral...