Business: Some Reasons for Worry

For many Americans, the international hand-wringing over the sagging value of the dollar abroad is as mystifying as a voodoo ritual. If the dollar's fate overseas is considered at all, it is thought to be a problem for foreigners and international bankers and not for those concerned with the day-to-day matters of Main Street. Nothing could be further from the truth. The dollar's tumbling exchange rate affects Americans and their economy in a number of practical and mostly harmful ways. Among the areas of greatest impact:

» Living costs abroad. Americans traveling or residing...

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