Word: euros
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...Euro-glamorous model-actress-producer ELIZABETH HURLEY, below, at 36 can still give a blind man whiplash. But stepping aside for younger model CAROLYN MURPHY, 28, as the star for cosmetics giant Estee Lauder must have been a bit unsettling, no? "I couldn't be happier, and remain besotted with, and grateful to, Leonard and Evelyn Lauder, my surrogate American parents!" Hurley gushed. She'll remain a spokeswoman for Lauder fragrances and will try to take more time for acting. (She's got four films in the can, so one wonders how much more time she'll need...
Americans who vacationed in Europe this summer got to enjoy the benefits of a strong U.S. dollar--better rates on hotel rooms, inexpensive meals and luxury gifts that were cheaper than might have been expected. Well, the vacation is over. The dollar's value has been pounded by the euro and the Japanese yen. After showing signs of recovery earlier in the week, the dollar fell sharply against both currencies last Friday on concerns that a spike in the U.S. jobless rate may hurt consumer confidence. If the dollar's weakness continues, it will not only have an effect...
Investment strategists advise adding some global equity funds to your portfolio. Not only is it a smart way to diversity, but you will be happy you bought some European investments if the euro continues to appreciate. That way, even if hotels and restaurants in Paris are a little more expensive, you will have enough stashed away so the dollar's weakness won't ruin your trip...
...financial markets, perception is reality; confidence in the benchmarks of the U.S. economy made those benchmarks strong, and even more attractive. But when the news of the terrorist attack on U.S. soil spread around the world, it triggered nearly a 2 percent slide against the once-beleaguered euro in world markets - and Muscovites lined up at currency exchange points to trade their once-almighty dollars for, well, rubles...
...JACKSON King of Pop opens trading at NASDAQ, only to see stocks tumble. The troubled exchange may have to tap a heavyweight like Pee Wee Herman JACQUES CHIRAC French President photographed in the buff by paparazzi while on holiday. Editors recoil, but you might get the pix for a euro or two on e-Bay RODNEY KING Brutality victim is arrested on suspicion of being under the influence of PCP. First suspect ever to be searched for cameras before guns...