Topic: U.S. Dollar

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Top 5 ways to save on your summer vacation

If you're pining for a summer vacation but worried about costs, consider how Wayne and Pat Dunlap of Del Mar, Calif., managed to tour 51 countries over two years, marvel at the Egyptian pyramids, scale a New Zealand glacier, and visit Laotian Buddhist monks all for less than $100 a day. "We often stayed at guesthouses and hostels, ate at local family restaurants, took public transportation, and in some cases, traveled on cruise ships offering reduced rates," says Mr. Dunlap, author of the travel book "Plan Your Escape." This year amid price worries and higher summer airfares, especially to Europe such ingenuity could prove essential. Here are five cost-cutting strategies that can help:
Six reasons to keep America as No. 1 superpower

Many around the world say American decline would preserve global stability through a better balance of power. They’re wrong, says Steve Yetiv, a political science professor at Old Dominion University. It’s not that other countries or international institutions can’t play vital roles. They do. But they can't yet do what Washington does around the world, Yetiv says. Here he gives six examples.
Q&A: What's with the war talk surrounding Iran?

Tensions over Iran’s nuclear program have escalated in recent weeks as the US and Europe ramp up sanctions against the Islamic Republic.
Election 101: Where the GOP candidates stand on the economy

With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.

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Stefan Karlsson
Europe can strengthen Greece without weakening Germany

Some experts warn that Greece can't reduce its current deficit unless Germany and other better-off nations reduce their surpluses. Here's why they're wrong.
Stocks rally to erase steep losses

Stocks closed mixed Wednesday after a late rally erased steep losses. The Dow lost seven points to close at 12496
Oil prices fall to seven-month low

Oil prices edge down below $91 a barrel as tensions ease over Iran nuclear program. London's Brent crude oil prices fall to $107.
Gold prices to climb if Greece gets fixed

Gold prices fall when dollar strengthens, as it has during latest Greek crisis. Gold prices will recover when Greece's path is clear, says a gold expert.
G8 summit: Euro crisis and possible 'Grexit' overshadow agenda

The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.
Stocks fall amid discouraging economic reports

The Dow fell 156 points to close at 12442 – the index's 11th loss in 12 days – after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece.
Greek turmoil causes US stocks to slide

The Dow lost 33 points to close at 12598, continuing its rocky performance during the month of May.
Stocks fall; Dow continues two-week slide

The Dow lost 63 points to close at 12632 Tuesday as Europe's latest political impasse cast a gloom over financial markets.
The Daily Reckoning
Will taxing the rich really fix the economy?

The rich are roundly blamed for the country's economic woes. But the problems the economy faces run deeper than tax code matters.
Stocks slide as doubts about Europe simmer

Stocks pitched down Wednesday in the US as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. The Dow lost 97 points to close at 12835 – its sixth consecutive day of losses.
Top 5 ways to save on your summer vacation

If you're pining for a summer vacation but worried about costs, consider how Wayne and Pat Dunlap of Del Mar, Calif., managed to tour 51 countries over two years, marvel at the Egyptian pyramids, scale a New Zealand glacier, and visit Laotian Buddhist monks all for less than $100 a day. "We often stayed at guesthouses and hostels, ate at local family restaurants, took public transportation, and in some cases, traveled on cruise ships offering reduced rates," says Mr. Dunlap, author of the travel book "Plan Your Escape." This year amid price worries and higher summer airfares, especially to Europe such ingenuity could prove essential. Here are five cost-cutting strategies that can help:
Cover Story
Putin inauguration: World view of a Russian feeling dissed

As the second presidential inauguration of Vladimir Putin approaches, a former correspondent who once worked for him looks at the world view of the Russian iron man. His theory: The president is feeling dissed by the West and believes it conspires to "destroy" Russia.
The Daily Reckoning
The dollar is in decline. So how to invest it?

The Federal Reserve's role should be to protect the value of the dollar.  But the dollar has been in decline for most of the last century.
'Fiscal cliff' threatens economy on Dec. 31, Bernanke warns Congress

At year-end, a range of tax cuts are set to expire, potentially dampening consumer spending. Fed Chairman Ben Bernanke said Wednesday there's not much he can do if Congress doesn't act.
Apple surge lifts Nasdaq 2 percent

The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The Dow gained 89 points to close at 13090 on an all-around good day for US stocks.
The Reformed Broker
Are US manufacturers quitting China?

Citing rising labor costs, many US manufacturers say they're planning to leave China and come back to the United States.
Economic weather report by IMF's Christine Lagarde: 'umbrella' still needed

This weekend, Christine Lagarde oversees her first spring meetings of the IMF since taking its helm in July. On Thursday, she gave a mixed report on the global economy, citing 'dark clouds on the horizon.'
Egypt's dire economy looms over elections

Egypt's foreign reserves have tumbled to $15 billion from $36 billion, jeopardizing the government's ability to meet the people's needs. The future is about a lot more than voting.
Stocks' worst day in 2012: Dow loses 213

The Dow slipped 213 to 12715, its biggest drop of the year and third triple digit loss in four days.
Stocks fall to their worst week in 2012

The Dow fell 14 points to close at 13060 on fears that Spain may have trouble paying back its debt. The stock market suffered its worst week since December of last year.
US stocks plunge; Dow down 124

US stocks suffered their worst losses in a month amid renewed worry over European debt. US stocks on the Dow lost 124 points to close at 13074.
Backchannels
Netanyahu says Iran sanctions aren't working. His UN ambassador disagrees.

Who to believe?
Stocks fall on gloomy Fed forecast

Federal Reserve policymakers said they were worried about a slowdown in hiring, pushing down stocks and Treasury prices. The Dow fell 64 points to close at 13199.
Greece should follow Argentina into default and devaluation

European policymakers want to avoid Greek default and keep Greece in the eurozone. However, Argentina’s decision to devalue its currency and default was the right one. It was the only step that offered a way out of the crisis facing the country. Greece should do the same.
Wall Street closes out best first quarter in 14 years

Wall Street sees dramatic gains for indexes in first quarter of 2012: Dow climbs 8 percent; S&P rises 12 percent; Nasdaq is up 19 percent.