Word: euros
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...didn't look like it after Russia's first game at Euro 2008, when they were thrashed 4-1 by Spain, who immediately joined Germany, Portugal and the Netherlands - all impressive winners in the first round of games - as early favorites. The Russians can argue, with some justice, that the scoreline against Spain didn't reflect the skill they showed. But whatever happens at the tournament, Russian football has already strung together a run of small successes, rekindling memories of some terrific teams - at both club and national level - from the 20 years after World...
Spurred by the weak dollar and the strong euro, European travelers to the U.S. have been lapping up everything from Gap boxers to iPhones to luxury condos in Palm Beach, Fla. Now a top Italian real estate investor has nabbed one of the crowns of New York City property, a sale that echoes the Japanese purchase of Rockefeller Center in 1989. Valter Mainetti has confirmed to TIME that his company, the Sorgente Group, has acquired a majority share in Manhattan's historic Flatiron Building...
...purchase is not quite as much of a shock as the Mitsubishi Group buying Rockefeller Center, the Flatiron's falling into foreign hands nevertheless carries symbolic weight and shows international investors taking advantage of the upheaval in the real estate market and the weakness of the U.S. dollar. The euro closed Monday...
...Euro 2008 will reach a record audience in the U.S. this year. Ever louder exclamations of joy and despair will resonate not only from European immigrants but from their second-, third- and fourth-generation offspring, augmented by a growing Hispanic audience. For the first time, ESPN is televising every game. The final will be shown on a big broadcast network, ABC, and the ratings could top the National Hockey League's finals - unthinkable even 10 years ago. "There's a big fan base for each team here. And U.S. fans love big events: they love something where the excitement builds...
...could yet win - and you could then expect Providence, R.I., and New Bedford, Mass., to celebrate a victory that has been agonizingly long in coming. Portugal will have much to do before such a result, of course. Germany could easily stand in their way. In his preparations for Euro 2008, German coach Joachim Loew has run his team through basketball drills to improve its defense. That's an original American game, of course, and we're more than happy to share it with him. After all, German immigrants helped establish football in America. It's good to return the favor...