Word: euros
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...Source of funds in D.C. 4. Euro forerunner 7. Fisherman's __ 12. It's luring young viewers with Survivor 13. It's starting interactive TV in selected cities 14. NASA has found evidence of this on Mars 15. Vivendi has agreed to acquire it 17. Me, Myself and __ (new Carrey flick) 18. Photo __ (camera sessions) 19. Eventual hole in the wall? 20. Toots of restaurant fame 23. Ankle bones 27. Osama bin __, who has been linked to the Philippines' Moro Islamic Liberation Front 29. The Library of Congress has opened a show dedicated to her 33. D.C.'s Pennsylvania...
...peak and poised for at least a slight decline. While the Federal Reserve is trying hard to slow the U.S. economy, growth is picking up in other parts of the world. Output is forecast to rise about 3% this year in "Euroland" (the 11 nations that use the euro as a trading currency). Japan is crawling out of recession, and though growth there is feeble, it has still been enough to hold the yen steady against the dollar. Europeans point out too that there are growing opportunities for high-tech investment on their continent, if not quite as many...
...that long ago--those beliefs died even harder than the '80s idea that the U.S. was becoming a corporate colony of Japan. And as late as the end of 1998, some economists feared that a ballooning U.S. trade deficit and the launch of a rival international currency, the euro, would send the American dollar into a headlong slide--maybe even a "dollar crisis...
...dangerously weak, the dollar, if anything, may be a bit too strong. So far this year it has risen about 6% on average against the currencies of the 19 most important U.S. trading partners. In May the greenback hit a four-year high against the British pound, while the euro, introduced 17 months earlier at a price of $1.17, fell briefly below 90[cents...
...visions of sipping wine in Provence clouding your thoughts at work? Cave in to them. The weakening euro makes Europe a relative summer bargain. Since its 1999 debut, the euro has lost almost 25% of its value with respect to the dollar. For U.S. manufacturers that export, that's not good, but for tourists it's a boon. The currencies of 11 European countries are tied to the euro, so their values have fallen in kind. In France $1 is worth 6.9 francs this month, versus 6.3 last year. That means a Paris hotel room, regularly $200 a night...