Word: euros
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...probably says everything about his current place in history that the former Labour Prime Minister of Euro-skeptic Britain, Tony Blair, chose to kick off his unofficial drive to become the European Union's first president by seeking support from conservatives in Euro-enthusastic France. Suffice to say that he may find the road to the E.U. presidency a bumpy one, as his weekend sojourn in Paris proved...
Ratan Tata emphasized that the new car complies with India's emissions laws and even with Europe's much stronger Euro 4 standards. Emissions, Tata says, are "lower than a scooter's today". The company claims the car will also deliver 50 miles per gallon, or better than 20 kilometers per liter, which would make it one of India's most efficient vehicles, and vastly more efficient than the average in the U.S. Chief U.N. climate scientist Rajendra Pachauri, who shared last year's Nobel Peace Prize with Al Gore, said recently that he was "having nightmares" about...
...French experts predict the plan is likely to hit French Internet access providers with a small, universal per-client tax each month. A flat monthly surtax of just one euro on each of the nation's 16.1 million Internet accounts would raise around $290 million per year - or nearly 25% of the $1.2 billion in annual revenues public TV will lose to an advertising ban. It is conceivable, at least, that the monthly tax could go even higher without incurring too much consumer fury, since France currently enjoys one of the cheapest ISP markets in the developed world. Average monthly...
...sharp difference in prices. “There was definitely a [price] sticker shock,” he said. “I was not totally prepared.” In the past year, the dollar has fallen by 5 percent against the pound and 10 percent against the euro, hitting record lows. At press time, one euro was worth 1.46 dollars, according to the Bloomberg currency exchange. Students abroad this term made their decision to leave last March, when the outlook wasn’t quite so bleak. Christina L. Elmore ’09 said that when...
First, of course, there's hardly any certainty that the dollar will keep falling. Mark Zandi, Chief Economist of Moody's Economy.com, believes the free-fall might be slowing: "I think the dollar is near a bottom via the Euro, pound and Canadian dollar. Foreign exchange markets are already pricing in a very weak if not recessionary U.S. economy and substantial Fed easing." And while he thinks the dollar still has further to go in relation to the Chinese Yuan and other Asian currencies - he predicts another 5% to 7.5% until early in the next decade, when he thinks...