Word: euros
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...then tackled the issue of the yen's position in a global economy increasingly dominated by the dollar and euro...
...been the strong, silent type for the past six years, making European vacations and Japanese electronics cheaper, while at the same time attracting foreign capital to the U.S. stock-and-bond markets by the trillions. Although the dollar's decline amounts to only 3% against major currencies like the euro, it is off nearly 15% against the Japanese yen since March...
That has the market spooked too. Foreigners have been taking the dollars they get as payment for goods and services and investing them in U.S. stocks and bonds. If the dollar continues to droop, they may be tempted to move their cash to currencies on the upswing, like the euro and, especially, the yen. That would drive the U.S. market lower. The more apocalyptic bears fear something worse. Because foreigners hold almost 40% of U.S. Treasury securities, any pullout would risk a spike in interest rates that would ultimately slaughter the bull market...
...time. Kimpton caters to less image-conscious business travelers who still prize a little personality, including free tarot-card readings, back rubs or goldfish. The San Francisco-based dynamo is establishing a growing national presence, converting bank buildings and department stores in places like Denver and Portland into small, Euro-style hotels...
Like many Americans in Paris, Mickey Mouse ? in the form of the Euro Disney theme park ? was snubbed by the locals when he first arrived. Opened in 1992, the park got off to a rocky start and was heavily rumored to be closing. But since Disney adapted to their language and customs, the French have taken the Magic Kingdom and its rodent monarch to heart. And on Wednesday Euro Disney announced that it will open a second theme park in 2002 adjacent to Disneyland Paris. "Les Studios Disney" will cost $650 million, and will offer behind-the-scenes looks...