October 9, 2003 |
Someone's getting a face-lift. He's not a movie star. As a matter of fact, he's not even alive. The new and improved version of the $20 bill, starring Andrew Jackson, seventh president of the United States, makes its public premiere today. When it comes to twenties, consumers will no longer be seeing only green. Peach and blue hues are joining the verdant tone as designated currency colors. The U.S. Bureau of Engraving and Printing spent a cool $33 mil on advertising and even hired a top Hollywood talent agency to get the word out. That may sound like a lot of taxpayer money, especially in light of a recent report confirming that one out of eight Americans has fallen below the poverty line.
August 1, 2003 |
With the Baltimore convention in full swing today, members of the American Numismatic Association are seeing a panorama of American coinage and currency almost unsurpassed in history. In the Baltimore Convention Center, the association has opened an exhibition, assembled by collector John Whitney, of 1,395 pieces of U.S. currency. Arranged in 43 display cases, the currency traces the history of U.S. paper money and outlines plans for collecting. Paper money appeared after the Civil War in many sizes, colors and legal bases.
June 29, 2003 |
Starting today, and for the next four days, The Inquirer will mark Friday's opening of the National Constitution Center by recounting in you-are-there style the highlights of the Federal Convention, an extraordinary gathering where the U.S. Constitution was written in Philadelphia in 1787. Eleven days behind schedule, 29 men assemble in the high-ceilinged east room of the Pennsylvania State House to rescue the American Revolution. When they finish their work four months later, the United States will have a new Constitution, a blueprint, however imperfect, for turning the ideals of the Revolution into reality.
May 23, 2003 |
In one of Baghdad's most dangerous neighborhoods, in the center of a congested marketplace lined with food stalls and shoeshine boys, more than 100 men clustered together, shouting out numbers. Blocks of Iraqi dinars wrapped in dirty rubber bands changed hands; thousands of U.S. dollars were waved in the air. It was hot, dirty and chaotic, with boys pushing through the crowd to sell cold drinks, cars honking as they inched along the narrow road, and traders carrying loaded weapons and looking warily at strangers.
May 21, 2003 |
With the nation threatened by deflation and the labor market still bleeding jobs, the Bush administration is letting the value of the dollar decline against foreign currencies in another attempt to jolt the nation into an economic recovery. The dollar fell again yesterday to 0.86 euros, near its four-year low. The dollar has weakened 21 percent against the European common currency in the last 12 months. At the same time, it has fallen 6.8 percent against the Japanese yen. Some economists say that allowing the dollar to decline is the last big tool the White House has to fix an economy that has threatened to slip back into a recession for months.
January 3, 2003 |
"I want the whole of Europe to have one currency," said Napoleon in 1807. A year ago his dream came true, more or less, and it didn't even take a conquest. But where does the euro go from here? The simple answer is: out and up. It spreads outward from the 12 countries that abandoned their old marks, francs and drachmas for the euro last year to one or more of the three holdouts among the existing European Union members: Sweden, Denmark and the United Kingdom, and then on to the 12 countries scheduled to join in the next five years.
October 10, 2002 |
When the upstart American colonists decided to declare their independence and start a war with the the troops of King George, the British devised a clever military strategy: They flooded the young country with counterfeit currency. "It was the first time there was a massive effort to use counterfeit to disrupt the economy," said Bill Troppman Jr., a ranger at Valley Forge National Historical Park. Yesterday, in preparation for the grand opening this weekend of a redesigned visitors' center at the park, Troppman was leading a tour of the facility for a select group of Revolutionary War historians and authors for whom this was old news.
June 9, 2002 |
Money, money everywhere, but for Jose Boveda Fernandez, gazing around at the one-ton mounds of Irish coins, all there is is copper. "For us, coins are metal," said Boveda Fernandez, director of Elmet S.L., owner of the two factories in Spain charged with giving the now-useless coins a new lease on life. "As copper producers, we are very interested in their copper content. " The two factories are among several around Europe where Europe's coins went to die when a common currency was introduced this year.
April 9, 2002 |
Some billionaires, like Warren Buffett, are known for their investment philosophy. Some billionaires, like Bill Gates, are feared for their market dominance. And some billionaires, like George Soros, can sound more like revolutionaries than pinstriped denizens of Wall Street. At the University of Pennsylvania yesterday to promote his new book, George Soros on Globalization, Soros lashed out at the Bush administration's foreign policy. The President has fallen into a trap set by terrorists who wanted this country to go to war and sow the seeds for further acts of terrorism, he said.
March 26, 2002 |
McDonald's Corp., facing a series of problems in international markets, is warning that its profits are likely to be below expectations for the first quarter and all of 2002. The fast-food company is being hurt by weak foreign currencies, especially the euro. Also, concerns about the safety of beef in Japan continue to affect sales in that country. In addition, sales in Latin America are down, and the company is closing stores in Turkey. McDonald's, in an earnings update, forecast quarterly earnings per share of 29 cents to 30 cents, excluding onetime charges.