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Heading abroad from the U.S. this summer? Consider packing a few extra dollars. Since early March, the greenback has fallen 11% against the euro and 17% against Britain's pound as investors who had sought out the dollar as a safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London...

Author: /time Magazine | Title: Outlook for U.S. Dollar Darkens | 7/2/2009 | See Source »

Complicating matters, Porsche has amassed additional options that would take its stake in VW to about 75%, but it's unclear how it would finance those extra purchases. Auto industry sources and financial analysts are buzzing about whether Porsche somehow locked itself into a contract that obliges it to buy that additional stake. Porsche won't say; from the beginning it has refused to reveal all but the scantest details of its hedging strategy. (Watch a video about an optimistic Dodge dealer...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

...stuff that you don't really need or are a spouse intent on torturing your husband, just take a ride to Bed Bath & Beyond. After all, the home-furnishing retailer is famous for its selection of macho, must-have merchandise like sweet-smelling soaps, stainless-steel garbage cans and extra-fluffy towels. Like most home-furnishing retailers, Bed Bath & Beyond, a $7.2 billion company with more than 1,000 outlets nationwide, has stalled in the recession: same-store sales dropped 4.3% in the fourth quarter of the fiscal year ending in February, while earnings fell...

Author: /time Magazine | Title: Bed Bath & Beyond: An Economic Indicator? | 7/1/2009 | See Source »

...Cuisinarts. "Your home is your place of comfort, the only thing you can count on," says Tina Genitti, 21, while carrying a featherbed, a pillow and body creams to the checkout line. "A few months ago, I would have gone for the cheap featherbed. But I spent the extra $5 here because it's time for a treat." (See sustainable home furnishings...

Author: /time Magazine | Title: Bed Bath & Beyond: An Economic Indicator? | 7/1/2009 | See Source »

...they are considering moving to Connecticut for lower taxes. We need to keep the state competitive,” said Sawyer. And there’s no guarantee the surcharge will be temporary. For the next two years, federal stimulus money will fund 17 percent of the deficit. Extra credit: What happens when that money disappears...

Author: By Brian J. Bolduc | Title: Fuzzy Math | 7/1/2009 | See Source »

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