Word: euros
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Another big imponderable is the likely effect on European and world economies of the scheduled 1999 replacement of 10 to 12 European national currencies by a common unit of money, the euro. On the more parochial subject of the effect on U.S. business, Hormats thinks the switch to a common currency will reduce costs enough for European companies to make them more competitive with American firms. But Zimmerman believes the effects on balance will be favorable. Companies exporting to Europe from the U.S. or from plants in, say, Germany or Italy need not worry about how many lire a mark...
...EURO THREAT Europe's biggest economies will soon replace their local money with one currency--the euro. This monetary union, which is to begin Jan. 1, 1999, will be the most important event to occur in the international financial system since the collapse of the fixed-exchange-rate system in the early 1970s. An independent Pan-European central bank will determine how much money to create and will set a single short-term interest rate for all member countries. But an interest rate that curbs inflation won't do much to create jobs during the highest European unemployment since World...
Rock 'n' Roll Sushi satiates the palates of Euro pre-clubbers on Friday and Saturday nights at 10:45 p.m. and Sunday through Thursday at 10:30 p.m. Last call is always at 1:30 a.m. The restaurant "rocks" with reggae and upbeat tunes from the '70s to today. Adding to the excitement, the friendly non-Wok'n'Roll-like waitresses sport white and red sequined rock 'n' roll jackets and short skirts. Large parties are invited to sit in private dining rooms enclosed by Japanese paper screens, while smaller groups sit at either American-style tables or Japanese cushioned...
...only slightly less disdainful of Vipassana seminars that de-emphasize the supernatural side of the faith for the mechanics of meditation, or who, as Thurman puts it, "teach laypeople and rationalize their own departures from the traditional view. I did so for 15 years myself." For Thurman, "Euro-American Buddhism doesn't exist yet," nor can it do so until it can furnish the true motors of devotion and keepers of the flame, "ordained monks and nuns, supported in vows of celibacy and poverty, divorced from everyday life and supported by a community of lay members." Even if the majority...
...research convinced me that there is one way the European Union could make the new currency more attractive to the British public: each euro could be divided into 20 shillings, and each shilling into 12 pence...