Word: euros
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...films, and under his own name. (Another American exile, Joseph Losey, was making films under pseudonyms.) When the young critic Francois Truffaut saw Rififi, he wrote, "From the worst crime novel I have ever read, Jules Dassin has made the best film noir I have ever seen." Dassin's Euro-movies had a vogue among middlebrow U.S. reviewers, who might have thought he was French. (Pronounce it Zhool Da-saaan.) The hipper critics knew better. He was "strained seriousness" to Andrew Sarris. On seeing Phaedra - an updated Greek tragedy that threw Anthony Perkins into the arms of stepmother Mercouri - Pauline...
...make good on that promise ever since. After studying videos of the race, Jager enlisted the help of the country's National Aerospace Laboratory and TNO, a Dutch research institute, as well as companies that make aerodynamic clothing, bike coatings and wheels. The result? The so-called half-million-euro bike--a blend of science and design that uses carbon technology to increase the frame's stiffness without a significant increase in weight...
Economists are quick to point out that a weak dollar doesn't necessarily mean a strong yen. The exchange rate of the yen to other currencies - such as the euro - still shows depreciation. But the dollar-yen pair heavily weights consumer sentiment and the stock market, says Takahide Kiuchi, chief economist at Nomura Securities, and the rate right now has an overall negative affect...
French officials have gone so far to suggest they'd invoke an article of the treaty the euro was founded upon allowing national governments to impose policy regarding currency exchange on the ECB. True to form, ECB president - Frenchman Jean-Claude Trichet - remains singularly unimpressed by the pressure from politicians. In an interview with the weekly Le Point Thursday, Trichet admitted being "worried by the excessive exchange rate movements". But he reiterated his inflation-fighting position that "we'll take the necessary decisions to insure price stability in the medium-term [which] is what our mandate is" - and not cave...
...decline of the dollar as a boon to U.S. industry. But with investors continuing to bail on U.S. securities and monetary markets Thursday, the question now is whether American intervention alone can turn things around - or whether European politicians and central bankers must also pile on to the euro and help get their creation back in its cage...