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...European Commission president José Manuel Barroso credits the euro for delivering lower inflation, lower interest rates and greater price stability, and helping to create 16 million jobs. More immediately, the euro is shielding member states in this time of economic turmoil, preventing a currency crisis in addition to the credit crunch. "The euro is sheltering businesses from the exchange rate volatility, which has battered them in previous downturns," Barroso said on Monday. "To put it simply, the euro works...
...Freitag, despite Steve Wynn's recent announcement that he will lower room rates, thinks the picture may not be all gloomy. "If you look at the hotel occupancy rate of 83.5%, well, people in other cities would be ecstatic," says Freitag. "But it's just in Las Vegas, the benchmark is 90%." And while there are reports of some struggling hotels offering free rooms to visitors who gamble as little as $100 at the tables, Scott D. Berman of PricewaterhouseCoopers says the better properties are doing relatively well, at least on weekends. "It's a segmented market," says Berman. "What...
...United States prepares to launch what is ostensibly the final chapter in the U.S. military occupation of Iraq on January 1, a new report confirms a significantly lower civilian causality count for 2008 - along with a few caveats...
Following Zuniga's detention, there were new calls to investigate modeling agencies and pageant organizers for dirty dollars. "We need to follow the money in these organizations to wherever it takes us," said Representative Francisco Rivera, president of the security committee in the lower house of Congress. "And if we find anything illicit, then punishments must be handed out." In reaction, several companies who had worked with Zuniga ran for cover, denying any knowledge of her actions. She was also stripped of her titles. "This organization separates itself from any activities, situations or personal relations that Laura Zuniga had outside...
...Mexican law enforcement in recent history, cartel gunmen have killed more than 500 police and military personnel, including eight soldiers who were beheaded near Acapulco on Sunday. Cobo's own life story also sheds light on the machinations of the crime empires behind this killing spree. From a lower-middle class family, Cobo had worked for a while as a journalist in the poor state of Oaxaca before joining the cartel in his late 20s because it was the best job opportunity available. "They first paid me $300 a fortnight, and then it went up to $400," he explains...