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Dollar, Gold Rise in Europe

The U.S. dollar was mostly lower against other major currencies in European trading Friday. Gold rose.

Dollar Mixed, Gold Rises in Europe

The U.S. dollar was mixed against other major currencies in European trading Monday afternoon. Gold prices rose.

Dollar Falls, Gold Rises in Europe

The U.S. dollar was mostly lower against most other major currencies in European trading Friday. Gold rose.

Dollar Gains Against the Euro

The dollar made gains against the euro and the pound Tuesday after new data showed that the U.S. trade deficit fell to its lowest point in two years.

U.S. Dollar Higher in European Trading

The U.S. dollar was higher against other major currencies in European trading Tuesday morning. Gold rose.

Dollar Rises Against Yen in Asian Trade

The yen fell against the dollar Friday after a weak corporate sentiment survey triggered selling by non-Japanese investors.

US Dollar Mostly Lower in Europe

The U.S. dollar was mostly lower against other major currencies in European trading Wednesday morning. Gold fell.

Fed to cut rates to offset housing slump

With the credit market still reeling from an ongoing housing recession, the Federal Reserve is widely expect to cut interest rates again when it meets on Tuesday. Despite strong economic growth in the third quarter, the economy is already showing signs that the housing bust is dragging overall growth lower.

Dollar Drifts Lower to Pound, Euro

The dollar fell against the euro and the pound Friday despite a report from Washington showing brisk wage growth and unemployment holding steady.

Dollar Mixed, Gold Falls in Europe

The U.S. dollar was mixed against other major currencies in European trading Friday. Gold was down.

Dollar Gains in European Trading

The dollar gained on the euro and the pound Wednesday as markets awaited key interest rate decisions by the European Central Bank and Bank of England later this week.

US Dollar Mixed in Europe

The U.S. dollar was mixed against other major currencies in European trading Tuesday morning. Gold rose.

Dollar Rises, Gold Falls in Europe

The U.S. dollar rose against other major currencies in European trading Friday. Gold fell.

Man Tries to Deposit Fake $1M Bill

A bank teller had a million reasons to deny this transaction. Police say a man tried to open an account with a $1 million bill, which does not exist. The teller refused and called police while the man started to curse at bank workers, said Aiken County Sheriff's spokesman Lt. Michael Frank.

Dollar Rally Halts on Possible Rate Cut

The dollar came off an earlier rise against the euro as a speech by a Federal Reserve official on Wednesday boosted investors' hopes of future interest rate cuts.

Man Tries to Deposit Fake $1M Bill

A bank teller in Clearwater had a million reasons not to open an account for an Augusta, Ga., man Monday, authorities said. Alexander D. Smith, 31, was charged with disorderly conduct and two counts of forgery after he walked into the bank and tried to open an account by depositing a fake $1 million bill, said Aiken County Sheriff's spokesman Lt. Michael Frank.

Dollar Gains Strength Against the Euro

The dollar gained strength Wednesday following the release of a consumer data report that showed the fourth consecutive month of slipping consumer confidence in Germany, Europe's largest economy.

U.S. Dollar Rises in Europe

The U.S. dollar was higher against other major currencies in European trading Tuesday morning. Gold was mixed.

Dollar, Gold Rise in Europe

The U.S. dollar was mostly higher in European trading late Friday after rebounding from yet another new low against the euro. Gold rose.

Dollar Drops to Record Low Against Euro

The dollar hit a new low against the euro in thin trading Friday as speculation continued that the American credit crisis will lead to another cut in interest rates in the U.S.

One Laptop Per Child Extends Promotion

A promotion in which a customer buying a $188 computer in the U.S. and Canada automatically donates a second one to a child in a developing country was extended until year's end, organizers said Thursday.

Report: China Wants Strong Dollar

The head of China's central bank says Beijing wants a strong dollar, a government news agency said Thursday.

Dollar Sets a New Record Low

The dollar sank to a new low against the euro Wednesday on pessimism about the American economy and speculation Washington will soon cut interest rates again.

US Dollar Down in Europe

The U.S. dollar was lower against other major currencies in European trading Tuesday morning. Gold prices rose.

Some Win, Some Lose As Dollar Falls

The once-mighty dollar has been drooping lately, falling to historic lows against the 13-nation euro, the Canadian "Loonie" and other foreign currencies. Here are some questions and answers about the dollar's slide and the impact it will have.

The Vine

Scratch Builders; Gale International is betting $30 billion by building the first new city in 50 years.

Source: Forbes

"Forty miles Southwest of Central Seoul, South Korea, thousands of construction workers swarm across a 1,500-acre pile of mud. Fifteen towers rise out of the dirt. A handful of paved avenues intersect the ruts of dump trucks, bulldozers and backhoes.

Top economist says America could plunge into recession

Source: The Times

It's going to prove a dangerous 2008 for the US economy.

Why a US Recession Matters and What You Can Do

If you believe the news reports today from a top economist and others predicting a US plunge into recession you may want to take note and see what it could mean.

America Faces a Diplomatic Penalty as the Dollar Dwindles

Source: FT.com

At the end of a year in which the dollar has endured a marked decline against other currencies, an unsettling question is beginning to be voiced: can the troubles of the US currency be confined to the financial world or are they set to undermine Washington's place on the intern …

Thai Baht dips after central bank action

Source: farang.pai-nai.com

The Thai baht fell on Thursday following a suspected dollar-buying intervention by the central bank, while the Chinese yuan hit a post-revaluation peak as policy makers kept up efforts to rein in inflation.

Can India be the new America?

Not a day passes without some world report calling attention to the fact that the era of American hegemony is over. The American dollar depreciates painfully everyday against every major currency in the world.

Brits In Ducky Shape

Source: Guardian Unlimited

Prime Minister Gordon Brown says Britain will weather the economic storm just fine. I am glad. Maybe they can send some strong pound sterling over here in trade for some of our faltering US Dollars.

Begging for cash

Source: businessspectator.com.au

There was a lot of talk overnight rubbishing the global central bank plan, and it's hard to separate out the realistic analysis from those who are merely begging for cheaper cash.

At OpEdNews: Tired? Cranky? Hard to make ends meet?

Source: OpEdNews.Com Progressive

Americans are working more and getting less, and less, and less. Actually, we work more than anybody in the Western industrialized world and much more than a !Kung Bushman in the Kalahari desert.

Money Goes Far in New York, if You're European

Source: The New York Times

Margaret Dragonette arrived in New York last week — three nieces, a cousin and loads of empty luggage in tow. By the time Ms. Dragonette, an administrative assistant for a nonprofit in Liverpool, was heading home, her group had filled six large suitcases and five carry-on bags.

Impending Destruction of the US Economy

Source:

Hubris and arrogance are too ensconced in Washington for policymakers to be aware of the economic policy trap in which they have placed the US economy.

Dollar Stores Recall 300,000 Toys -

Source: local10.com

Dollar Stores recall 300,000 toys for high levels of lead...

How the Dollar makes Arabs worry

Many traders on Wall Street took the December 11 rate cut as disappointing news. And they are right that stronger cuts would have saved more irresponsible bankers from facing the consequences of their past misjudgements.

Morgan Stanley issues full US recession alert

Source: Telegraph

Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.

Bloomberg.com: China Trade Surplus Probably Held Near Record, Fueling Tension

Source: Bloomberg.com

Dec. 10 (Bloomberg) -- China's trade surplus probably held near a record in November, adding fuel to U.S. Treasury Secretary Henry Paulson's demands for faster yuan appreciation.

Iran's Real Nuclear Option Exercised: Iran Stops Selling Oil in U.S. Dollars

Source: Yahoo! News

Iran has completely stopped selling any of its oil for U.S. dollars, an Iranian news agency reported on Saturday, citing the oil minister of the world's fourth-largest crude producer.

MSNBC payed to me

MSNBC Interactive just sent you money with PayPal. MSNBC Interactive is a Verified buyer. So things have changed. I'm still Sweet Fennel and I've got Cash (the money). I Can't say if it's more or less than it used to be, but it's no longer Calvin, who sends it to me.

Is it Time to Bet Against the Dollar? - TIME

Source: TIME

With the dollar near record lows, more American investors are starting to think about whether it's time to start dabbling in the foreign currency exchange market. Experts have one piece of advice: Be careful.

The Dollar Nosedive: Why America's Currency Is the World's Problem

Source: SPIEGEL ONLINE

The ailing US economy seems to be driving the exchange rate of the dollar inexorably downward, with serious consequences for the global economy.

Lies, Damn Lies...and the CPI: Why real inflation is 300%+ more than the official numbers...

Source: Bloomberg.com

The US CPI data should really start with "Once upon a time...".

Will Durst humor - the not so almighty US Dollar

Source: MWC News

Very funny satire by five-time Emmy nominee top American standup comedian Will Durst about Bush, war & the plunging US dollar. Foreign visitors aren't complaining: "Sarkozy complained about the food."

The dollar | The panic about the dollar

Source: The Economist

THE weather may be cold and wet, but in the rich world's financial markets it is beginning to feel like August all over again. Credit spreads have widened and shares are pitching from gloom to elation as investors look to the Federal Reserve for solace.

The Fall of the US Dollar

Think of this in terms of the fall of Saigon. Our enemies have us surrounded. They are closing in on us. We have been forced to flee. Those of us who have been able to escape the chaos and the death have made it to our embassy's roof.

"5th column" Zionist lobby cans Bush $20 billon US-Saudi arms deal

Source: James Petras site

"5th column" Zionist Lobby defeats Bush's Twenty-Billion Dollar Arms Sale to Saudi Arabia: "The Zionist Power Configuration Defeats Big Oil, the Military Industrial Complex, the White House and the Pentagon"

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