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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 »

...keeping with bad cases of sibling rivalry, risks spiraling out of control and hurting everyone involved, including the shareholders, customers and workers at the two German automakers. And, as so often in family battles, it seems to center on power and control rather than substance. (See the 50 worst cars of all time...

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

Either way, it's the Post's name that would have drawn prominent figures to the event. And it's the Post's name that has been besmirched by what was at best extremely poor party planning and at worst a breach of the line between the editorial and commercial imperatives of a newspaper...

Author: /time Magazine | Title: Media Morass: The Great Washington Post Unvite | 7/2/2009 | See Source »

...considered potential recruits. Sports camps, which are often held on a college campus and run by college coaches, have limited options to avoid economy-related enrollment drop-offs. Charlie Hoeveler, who runs U.S. Sports/Nike camps in 49 states (sorry, South Dakota) and Puerto Rico, says he braced for the worst when he saw the early enrollment numbers this year. (Read "Stimulus Sparks a Summer Jobs' Comeback...

Author: /time Magazine | Title: The Recession Hits Summer Camp | 7/2/2009 | See Source »

...Just a week before, another blue-blazered elected official - Senator John Ensign of Nevada - was forced to make a similar confession, although he left God out of it, which must have been a nice break for the Almighty. Ensign had done "the worst thing" in his entire life, he confessed: "I violated the vows of my marriage." The mood on both occasions was funereal; it might have been touching to see two such buttoned-up guys welling with tears if the corpses weren't their political careers...

Author: /time Magazine | Title: Is There Hope for the American Marriage? | 7/2/2009 | See Source »

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