Word: euros
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...vice chairman Bob Lutz bristles at the notion that this model is a pallid redesign of Chevy's mid-market sedan. His take: it's upscale Euro-styling. The car launches this year...
American Christmas shoppers in Paris aren't the only ones suffering from sticker shock. The dollar fell to a near-record low of $1.33 to the euro at the end of last week. It has shed about six cents since early November, shattering months of calm on currency markets, causing a mini-swoon on some stock exchanges and prompting French Finance Minister Thierry Breton to call for "great collective vigilance." The dollar has also slid against the British pound, which closed last week just a few cents short of $2, its highest in 14 years. Many investors are betting that...
Despite some jitters, few are panicking yet. Jean-Michel Six, head of economic research at Standard & Poor's in London, reckons the dollar will fall to between $1.42 and $1.45 against the euro by mid-2007, but even at that level, "we do not expect any significant impact on overall growth" in Europe. German machinery companies are currently operating at over 90% of their potential capacity, the highest since 1990, and are thus well able to weather a weaker dollar, says Olaf Wortmann, an economist at the German Engineering Federation...
...began membership talks, 64% of Turks in one poll said they were in favor of joining the E.U. By this month that number had dropped to 32%. Nationalist parties critical of the government's pro-E.U. policies are gaining strength. Support for the country's two right-wing Euro-skeptic opposition parties has grown to 26% from about 17% four years ago. If they capture that much of the vote in next year's election, they could force a coalition with Erdogan's AK Party...
Soderbergh doesn't miss a trick, and for a while it's fun for us to share in his fun. But there comes a moment when his Euro-noir film turns into another sort of exercise for the audience: an exercise in boredom. We begin to see that Soderbergh is counting on style to distract us from the familiarity, not to say banality, of the narrative that Paul Attanasio has winnowed out of novelist Joseph Kanon's rather good thriller. What we have here are two standard noir characters. There's the hard-shelled antihero, Jake Geismer (George Clooney), returning...