When I was a child in England, my uncle - a Catholic priest in Oregon - would often send my brothers and myself each a Dollar bill as a Christmas present (together with salmon he had caught, canned in nearby Winchester Bay). We would take our bills to the bank and receive, in exchange, 5 Shillings, which was the fixed rate of exchange set up to help Britain repay the huge loans of military materiel made by the US during WWII. Even the slang for 5 Shillings was a "dollar." With 20 Shillings to the Pound, that was a USD4 to GBP1 exchange rate.
Then the gloves came off exchange rates -- allowing the marketplace to determine what they should be -- and when Nigeria punished the UK by, overnight, pulling all its Sterling holdings and converting them into US Dollars, there were major economic problems in the UK and the difference between a Pound and a Dollar was su... --
Click Here to Read More >>Posted in acquisitionZONE
| 0 Comments
Aug 06, 2007 at 00:00
I’m sick and tired of my Birkenstock-wearing, Volvo-driving, liberal friends at the ACLU whining about how government programs to monitor our phones, e-mails and library activity is the end of America as we know it. Maybe the fine points of the Constitution are still part of Jimmy Stewart
movies and some romantic version of America they teach our kids about in grade school. But it’s hard to find a place for intangibles like privacy, human rights, and due process on the corporate balance sheets that drive our globally-connected economy. These things might be nice in theory, but it may be time to realize that with our nation now living in a perpetual state of
Threat Level Orange we may not be able to afford the liberties our parents took for granted and should instead find ways to cash in on the new oppor... --
Click Here to Read More >>Posted in connectivityZONE
| 0 Comments
