Word: yen
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Adam Sandler (Click) or Ben Stiller (Night at the Museum) in a certain kind of comedy - and Cruise can get their attention by testing the tensile strength of Oprah's couch - but somehow these guys don't fit the image of movie star. The Harris poll suggests the yen for a platonic ideal: the humane man (Washington, Hanks, Smith), or the tough hombre (Wayne, Eastwood, Gibson, Ford), or the matinee idol (Depp, Clooney) or the pretty woman (Roberts). These are not just people we want to watch, says the poll, but people we want...
...cause stocks to fall precipitously. The sell-off could be triggered by any number of lurking dangers-an adverse geopolitical event such as an act of aggression against Iran, say, or the implosion of a massively leveraged hedge fund, or a loss of enthusiasm for the popular but perilous yen carry trade, whereby speculators borrow money cheaply in Japan's currency and then use it to bet on higher-return assets around the world. If that rich source of global liquidity were to dry up, the impact would be far greater than today's sanguine investors realize...
...Chinese will no doubt point out in response that they have already let their currency rise almost 6% against the dollar in the year since it was unpegged. Being historically minded, they could also note that when the U.S. forced Tokyo to allow the yen to rise sharply against the dollar in 1985, Japan was plunged into a recession from which it is still struggling to emerge. Given the social unrest already plaguing an economically booming China, they might add, the chaos such a prolonged economic downturn could engender is frightening to contemplate. These arguments are of course...
...Zoellner writes in his book on the diamond industry The Heartless Stone, American men are expected to spend two months' salary, but for British men, it's only one month. Japanese men have an even worse deal: they're expected to spend three months of their hard-earned yen...
...Sotheby's the night before, where sales of Impressionist and modern art totaled $238 million, seemed to confirm that the market has reached another bubble phase. It's reminiscent of the bubble that inflated in the '80s, when dealmakers such as Australia's Alan Bond and yen jillionaires like Ryoei Saito chased Van Goghs to the stratosphere. (Saito paid $82.5 million for Portrait of Dr. Gachet.) Dotcom entrepreneurs with Internet funny money bought Impressionists and Pop Art. Today a new generation of hedge-fund billionaires and Chinese and Russian kleptocrats is part of an ocean of capital flowing into galleries...