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Word: yen (lookup in dictionary) (lookup stats)
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...business and recent gains in market share against its troubled crosstown rivals Ford and Chrysler, GM still lumbers under the burdens borne by all the Big Three: in a stagnant economy, overcapacity and intractable labor costs have obliterated profit margins. Meanwhile, the soaring value of the dollar against the yen is giving Detroit's Japanese competitors an even bigger advantage than they already have through more efficient operations. Says Morgan Stanley analyst Stephen Girsky: "When foreign manufacturers have 38% of the market, being the best of the Big Three isn't saying much anymore...

Author: /time Magazine | Title: Vrroooom At The Top: Bob Lutz and GM | 1/14/2002 | See Source »

...customers carry more than a thousand bucks in their wallets. It'll be easy. She'll call some guy friends?like they ever have anything better going on?and they'll do the roughing up and the threatening. Come on, she tells her friends, easiest ichi man?10,000 yen?you'll ever make...

Author: /time Magazine | Title: Girl Gangs | 12/3/2001 | See Source »

...first, tourism officials hoped Japanese would spread their yen on closer -- and ostensibly safer -- destinations in Asia. But following the attacks, tens of thousands canceled trips to South Korea, where 48% of guests come from Japan. Traffic to Seoul is now recovering, but not to more distant, less stable countries like Cambodia and Nepal. A Thai research company says the terrorist attacks will cost Thailand $224 million this year. Australian hotels are estimating a loss of $101.5 million...

Author: /time Magazine | Title: Travel Watch: In Japan Today, There's No Place Like Home | 11/11/2001 | See Source »

...credit-card debt or start a home improvement. The jobless rate, while a point higher than it was last October, remains remarkably low--just below the 5% considered "full employment" only a few years ago. Inflation remains tame. And the dollar, weaker last week against the yen and the euro, will make U.S. exports more attractive...

Author: /time Magazine | Title: Up From The Ashes | 9/24/2001 | See Source »

...Europe this summer got to enjoy the benefits of a strong U.S. dollar--better rates on hotel rooms, inexpensive meals and luxury gifts that were cheaper than might have been expected. Well, the vacation is over. The dollar's value has been pounded by the euro and the Japanese yen. After showing signs of recovery earlier in the week, the dollar fell sharply against both currencies last Friday on concerns that a spike in the U.S. jobless rate may hurt consumer confidence. If the dollar's weakness continues, it will not only have an effect on your next trip...

Author: /time Magazine | Title: The Dollar Dilemma | 9/17/2001 | See Source »

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