Reactions to story from Where Sport and Thought Intersect
The Declining Dollar and Its Effect on the NBA
http://phsports.blogspot.com/ 2008/ 07/ declining-dollar-and-its-effect-on-nba.html
There’s no secret. The American dollar has been in decline for nearly a decade. Consequently, the Euro, which was introduced in January 1999, and faltered in the early going before central banks in Europe, Japan and the US acted together to intervene, has risen from $1.1747 USD on January 4, 1999 to $1.5780 USD as of July 23, 2008. As a result, the Euro has elevated in excess of 34% since its inception. Moreover, the Euro has increased by nearly 92% since it reached its record low of $0.8225 USD on October 26, 2000.If Carlos Delfino is getting $9M per season to play in Russia, just imagine what offers this guy would get.Courtesy: LoveFilmNaturally, there are many more things other than basketball that the downward spiral of the American dollar has affected.
More rising blog posts
-
Business »
Cramer's Lightning Round - Drowning Your Sorrows in Diageo (11/21/08) -
Lifestyle »
Terps Manage to Not Blow Their Season -
Politics »
Jabba the Hut Declares Constitution Invalid -
Technology »
Wii will sell out by Xmas, says Gamestop -
Entertainment »
For Your Consideration: Heath Ledger for Best Supporting Actor -
Sports »
AADQ: Kawika Missle
More rising news stories
-
Business »
Regulator Failed to Rein In Banks? Risky Practices -
Lifestyle »
Shares Falling, Citigroup Talks to Government -
Politics »
Can Ray Odierno Make Iraq Safe for the US to Leave? -
Technology »
Snow Leopard Endangers Vista -
Entertainment »
User-generated video under siege -
Sports »
Slick Hatton defeats Malignaggi
Recent posts from Where Sport and Thought Intersect
-
Clement’s Weekly Picks and Prognostications…Week 10
16 days ago -
InClement Weather
17 days ago -
Tuesday FourCast: Week 9
18 days ago
