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Weak Dollar

Organized Crime Groups Dumping Weak US Dollar For Euro

AFP | Posted 05.25.2011 | Business

The weakened US dollar has fallen out of favor with organized crime groups to pay for drug shipments or to settle scores, a Canadian government report...

TIME Blames Speculators: "We Are Slaves To This Black Gold Standard"

TIME | Arj J. Officer and Garret J. Hayes | Posted 05.25.2011 | Business

Is it possible that oil prices are rigged? You bet. Here's how: Just how would you raise prices if you were an oil supplier? Controlling the supply -...

Porn Not Recession-Proof: Amateur Porn Good Enough Substitute In Trying Times

Epicenter | Betsy Schiffman | Posted 05.25.2011 | Business

In good times and in bad, sin sells; booze, tobacco and sex have all weathered countless economic storms over the centuries. This recession is a litt...

Starbucks and America's First Taste of the Greater Depression

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

Starbucks is the first, but not the last example of how a falling dollar will make most items that Americans over consume too expensive for Americans to buy with their crumbling currency.

Sorry, Canada, $7 Canadian Is Just $6.98 American!

Dave Burdick | Posted 05.25.2011 | Business
Dave Burdick

"Hey, Canada! You thought that pipeline was worth seven billion dollars? Ha! Yeah, where we're from, that's a $6.98 billion pipeline!" And then I'd smugly shine an apple on my lapel.

U.S. Inflation At A Glance

Posted 05.25.2011 | Business

Reports on inflation showed big price increases at the consumer level and the wholesale level for June, driven by higher energy and food costs. Here ...

FDIC chair: Deposits in nation's banks are safe

AP | Posted 05.25.2011 | Business

WASHINGTON — The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposi...

The Time For Fed Action Is Now

Vince Farrell | Posted 05.25.2011 | Business
Vince Farrell

Inflation is the cruelest form of taxation. It eats away at buying power and once uncorked, it's very hard to contain.

Stocks drop on bank worries, FedEx profit warning

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street sank Wednesday for the second straight day on renewed concerns about the financial sector and FedEx Corp.'s warning that ...

Fire, Weak Dollar Fuel Record Oil Prices

AP | JOHN WILEN | Posted 05.25.2011 | Business

NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...

Starbucks To Open 150 More European Locations

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research) is boosting its European presence with plans to license 150 new locations in Br...

Commodities Futures Trading Commission To Investigate Who's Driving Up Oil Prices

MarketWatch | Laura Mandaro | Posted 05.25.2011 | Business

SAN FRANCISCO (MarketWatch) -- The Commodities Futures Trading Commission said Tuesday that it is establishing a task force to study the role of specu...

$137: Oil Reaches Record High, Analysts Predict $150 By Early July

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - U.S. crude oil prices rose more than $9 a barrel to a record $137.70 a barrel, the biggest gain in dollar terms in the history of...

The Foreigners are Coming, the Foreigners are Coming!

Cheryl Pearl Sucher | Posted 11.17.2011 | Healthy Living
Cheryl Pearl Sucher

I'm considering studying Gaelic, Sanskrit, Korean and Mandarin. Enough to be conversational. Otherwise, how will I be able to get around New York?

Jason Linkins

National Review Blogger Terrified Of New Five-Dollar Bill | Jason Linkins | Posted 05.25.2011 | Politics

National Review blogger Mark Krikorian is all upset at the changes that have been made to U.S. currency, fingering the redesign of the five-dollar bil...

The McDonalds Falling Dollar Menu

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

Because the dollar has fallen 40% in the last six years, McDonalds may have to reduce quality, raise prices or both in their famed Dollar Menu.

Ten Dollar-Friendly Destinations

MSNBC | Posted 05.25.2011 | Business

No, that's not a mirage. The economy is faltering, the dollar is getting clobbered by the euro, and traveling to the far reaches of luxury is costlier...

Dollar Slumps To New Low Against Euro

AP | MATT MOORE | Posted 05.25.2011 | Business

NEW YORK — The euro roared to another record high Tuesday, crossing $1.60 for the first time ever after a pair of European Central Bank governor...

Weak Dollar Boosting US Profits

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

The dollar's plunge might be preventing Americans from taking that European vacation this summer, but it could be the very thing saving their 401(k)s ...

Oil Hits Another High, Dollar Hits Another Low

AP | JOHN WILEN | Posted 05.25.2011 | Business

NEW YORK — Retail gas prices pushed past a record high $3.40 a gallon Thursday, fulfilling expectations that they'll keep climbing toward $4 as ...

eBay Profits Beat Wall St's Expectations

AP | AMANDA FEHD | Posted 05.25.2011 | Business

SAN FRANCISCO — Benefiting from a weak dollar, online auction company eBay Inc. beat Wall Street's expectations on Wednesday, reporting a 22 per...

Food Costs Rising Fastest in 17 Years

AP | ELLEN SIMON | Posted 05.25.2011 | Business

NEW YORK — Steve Tarpin can bake a graham cracker crust in his sleep, but explaining why the price for his Key lime pies went from $20 to $25 re...

U.S. Economy Battles Host Of Financial Woes

New York Times | Vikas Bajaj | Posted 05.25.2011 | Business

Almost everything seems to be going wrong for the American economy at once. People are buying less, but most things are costing more. Mortgage rates a...

Sales, Dollar Plunge; Oil Soars

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything. Stocks kept gyrating, too, on T...

China Exporting Inflation: Political Spin or Economic Reality?

Eben Esterhuizen | Posted 05.25.2011 | Business
Eben Esterhuizen

China has been a convenient scapegoat for politicians lately, and now China, with its crawling peg to the weak dollar, is being blamed for exporting inflation. Is this political spin, or is there a real danger of importing higher inflation from China?