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December 21, 2014
Truthdig: Drilling Beneath the Headlines
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Tag: Dollar

Janet Yellen

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Posted on Oct 21, 2013 READ MORE


Guns and Dollars

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Posted on Sep 4, 2013 READ MORE


American Economic Diplomacy

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Posted on Jul 21, 2013 READ MORE


Currency War Threat

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Posted on Feb 17, 2013 READ MORE


Wirewalking

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Posted on Feb 26, 2012 READ MORE


Chip Away at the Dollar

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Posted on May 15, 2011 READ MORE



Flickr / J. Stephen Conn (CC-BY)

Thar Be Gold in Them Hills

You know Fox News is all over this story: The Utah House of Representatives is fixin’ to vote on a measure that would make gold and silver coins a viable alternative to the boring—and inflation-prone—forms of currency currently in national circulation.

Posted on Mar 3, 2011 READ MORE


Dollar vs. China

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Posted on Nov 15, 2010 READ MORE


Obama and the Almighty Dollar

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Posted on Nov 12, 2010 READ MORE


European Central Bank
Flickr / U-g-g-B-o-y-(-Photograph-World-Sense-)

How Low Can the Euro Go?

The answer to the headline question, at least on Monday, would be $1.2234, as the euro dropped to its lowest point in four years. As this CNN report puts it in somewhat startling terms, ” ... Ongoing debt concerns prompted a flight to the safety of the U.S. dollar.”

Posted on May 17, 2010 READ MORE



Flickr / Andres Rueda (CC-BY-ND)

What’s Euro Problem?

The once-mighty euro, a currency that humbled American tourists in its day, has sunk to a 13-month low against the dollar. Greece’s impending bailout apparently isn’t settling nerves in the eurozone, which includes other major economies that look a little wobbly as of late.

Posted on May 4, 2010 READ MORE


U.S.-China trade toast
AP / Eugene Hoshiko

Don’t Blame China

The Chinamen did it. In the great American tradition of finding foreign scapegoats for our problems, the hunt is on to somehow hold China responsible for the misery that Wall Street financiers inflicted upon the world.

Posted on Jan 12, 2010 READ MORE


When in Economic Trouble, Invent a Gold Mine

Economist Joseph Stiglitz says the International Monetary Fund should create a new reserve currency, rather like declaring that a massive gold mine has been discovered under the IMF building.

Posted on Dec 10, 2009 READ MORE



Wikimedia Commons

The American Empire Is Bankrupt

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Posted on Jun 14, 2009 READ MORE


Broke

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Posted on Oct 2, 2008 READ MORE


ENTER_ALT_TEXT
Wiki Commons

NBA Ballers Responding to Strong Euro

Last week it was Budweiser that was sold to the Europeans, this week it is the NBA that fell victim to a global economic shift that’s seen the dollar nose-dive vis-à-vis the euro. Respected young forward Josh Childress accepted a fatter offer from a Greek club than the one his U.S. team reportedly was making. He may not be the last.

Posted on Jul 23, 2008 READ MORE


gas prices
AP photo / Lisa Poole

Inflation Runs at a 26-Year High

The once-mighty U.S. dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices. Prices U.S. consumers pay shot up 1.1 percent in June—or more directly, your paycheck just got 1.1 percent smaller.

Posted on Jul 16, 2008 READ MORE


oil price graph
news.bbc.co.uk

Oil Hits New High, Again

The price of a barrel of crude oil has doubled over the last year, reaching a record $135 on Thursday. With dwindling supplies and a weak dollar, analysts expect the price to go up for some time.

Posted on May 22, 2008 READ MORE


Wall Street subway sign
Flickr / epicharmus

Amid Economic Whiplash, a Bit of Glad News

A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren’t investors smiling?

Posted on Mar 24, 2008 READ MORE


The Not So Almighty Dollar

Talk about how the almighty have fallen. The dollar is headed downhill faster than Bode Miller on a set of rocket skis. Think nose dive. Plummetville. Plunge City. Belly Floppo Rama. Recession is such an ugly word.

Posted on Dec 2, 2007 READ MORE


Money Problems

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Posted on Nov 20, 2007 READ MORE


Ahmadinejad and Chavez
AP photo / Vahid Salemi

Chavez and Ahmadinejad Huddle in Iran

Venezuelan President Hugo Chavez stopped off in Tehran to meet with Iranian President Mahmoud Ahmadinejad on Monday after the weekend’s OPEC summit in Saudi Arabia, marking Chavez’s fourth trip to Iran in two years.  During their tête-à-tête, the two least likely leaders to drop in for dinner at the White House discussed, among other things, the dollar’s recent and precipitous decline.

Posted on Nov 19, 2007 READ MORE


central park
zdnet.com

The New British Invasion

With the dollar getting weaker all the time, the ailing housing market is getting a little relief from an unexpected source: foreigners. Brits in particular have been tempted by bargain homes in glamorous locales such as Manhattan, where one-third of all new condominiums are selling to foreign buyers.

Posted on Nov 18, 2007 READ MORE


Taj Mahal
news.bbc.co.uk

India Snubs the Dollar

The dollar has simply fallen too low for India, which will no longer accept the greenback at its many tourist sites, including the Taj Mahal. Tourism ministry officials said they had to move quickly in order to protect Indian revenues from the dollar’s free fall. Remember when the dollar was like gold in the developing world?

Posted on Nov 16, 2007 READ MORE


Monopoly Money

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Posted on Nov 11, 2007 READ MORE


Money for Nothing

The news that the Treasury will once again sheepishly release a small batch of dollar coins raises the question: Why are Americans so hung up on paper money when countries like Britain and Canada have enjoyed the benefits of coinage for years? Don’t scoff—the Government Accountability Office estimates potential savings at $500 to $747.5 million annually.

Posted on Mar 16, 2007 READ MORE


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