Wednesday, May 14, 2008
Read more about investing overseas in International Living Postcards—your daily escape
The U.S. dollar is now under incredible pressure, and the timing couldn’t be worse. The U.S. economy is also sinking fast. This places the Fed between a rock and a hard place. To support the greenback, the Fed needs to raise U.S. interest rates…but its classic response to the threat of an economic recession is to lower those same rates.
Read OnKhlebnikov, a purpose-built ice breaker, was a working vessel before she became our cruise ship; cabins previously assigned to scientists and technical staff are now passenger cabins.
Read OnNowhere else on the planet will you find as many museums in one place as in St. Petersburg in Russia.
Russia's second-largest city counts 166 museums among its attractions, surpassing even Paris and Rome.
Read OnWhen the temperature plummets, how do sensible Muscovites stay out of the cold as much as possible? Simple: head to the nearest banya.
Read On"A lot of smart investors are watching Russia, but I doubt many know about this investment idea…even though it's one of the most exciting building development plans on earth..."
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