Word: euros
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Dates: during 2000-2009
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...Anyone 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...
...While this may seem beneficial for the European Union (EU), such a strong euro is not in the region’s best interest. Just as high prices may lead a backpacker to choose to venture elsewhere this summer, airlines considering Airbus planes and bankers wondering about BMW coupes and Château Lafite Rothschild wines may think twice before purchasing. In fact, Airbus’s parent company European Aeronautic Defence and Space Company announced this week its flagship plane, the A380, will cost five million dollars more starting next month, for it has always been quoted in American...
...year will be well above the two percent goal because of high commodity and energy prices. Even disregarding the Weimar Republic nightmares of the twenties, European bankers remember the dangers of stagflation in the late seventies, and the misallocating effects of irresponsible inflationary policies in continental Europe before the euro. After all, before being constrained by the ECB straightjacket, central bankers in countries like Italy gave in to politicians, expanding monetary policy and allowing growth in the short run. Overall, though, such policies only delayed needed reforms and stifled development...
...really sure. But they promise to find something. 3) Harvard-supplied three-ply toilet paper. Or at least two-ply. Anything less just isn’t sanitary. Seriously. 4) Vespas for Quadlings. It’ll look like Hells Angels took over Garden Street every day. But Euro chic. 5) On dorm room doors, eye readers instead of keys. Manual locks are so passé. 6) Students will now get $600/semester in Board Plus. Greenhouse Café is going to have some long lines. 7) Plasma TVs mounted on dining hall walls, broadcasting pertinent information like which dishes require...
...Circle of Two, with Tatum O'Neal, then 16, and a dissipated Richard Burton, then 54, as lovers so mismatched they could be in the Guinness Book. It was 1980, and Dassin had outlived his craft. More sadly, he outlived his son, Joe Dassin, a top-of-the-pops Euro-singer, who died, that same year...