Word: kroner
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...invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
...saying that some Somalis feel as if they're being pushed out by the Danish People's Party, which has succeeded in passing several harsh immigration laws in recent years with the help of allies in Parliament. Last fall, a proposal was passed to pay "antisocial" foreigners 100,000 kroner ($19,000) to leave Denmark and give up their residency rights. The group is now discussing whether to try to ban minarets on mosques. "Some [Somalis] who do not have any education can feel rejected and can be too easily tempted by radical groups," Artan says. "These people might...
...Joseph McNamara '96 suggested that I prioritize my global goals. "In a globally competitive market, you need to think broadly about the sheer range of factors that will affect your efficiency," he consulted me. "A key strategic variable in this case could be the exchange rate of the Swedish kroner." I asked him to explain. "This is a different world," he informed me, "a world that requires us management consultants to operate in a genuinely border-less fashion. We must be able to embed these programs into a complex, sustained, multi-year effort to change the way your corporation functions...
When University of Chicago Professor George Stigler travels to Stockholm next month to accept the Nobel Prize, he will experience firsthand a bittersweet phenomenon of the U.S economy. Stigler's Nobel Prize carries a cash award of 1.15 million Swedish kroner, which until only a few weeks ago was the equivalent of $182,000. Since then the Swedish government, pressed by the rising value of the U.S. dollar as well as its own economic problems, has devalued the krona. When Stigler finally receives his award, he will actually get only about...
...freshman lacrosse team thumped Merrimack, 19-3, as Andy Kroner paced the attack with five goals. Steve Martin contributed four goals and Bob Mellon connected for three goals...