The global effects of the declining dollar - LAT


	The global effects of the declining dollar - LAT

missmartini

5-5-2008 10:10 AM

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tags:

philippines, dollar, decline, global, effects

missmartini says:

I'm Filipina so this is of interest to me...

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a2f8bf53-92db-4942-94d6-e5f78c762925/1EACC64E-8450-4E52-BE79-1B7A302C4DB2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story" href="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story" style="font-size: 11px;">www.latimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story"><H1>Philippines feels the pinch of dollar's decline</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story"><DIV class="storysubhead">Many here rely on remittances from overseas relatives, and the dollar's slide against the peso has forced some people to cut back, with private education the first to go.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story"><DIV>
MANILA -- 
				The U.S. dollar has always been king down by the docks on Manila Bay, where Philippine seamen congregate to swap stories and look for work.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story"><DIV>
On the swarm of recruitment booths outside the <A href="http://luswelf.com/index.php">Luneta Seafarers Center,</A>  photocopied fliers advertise jobs that pay in dollars: $2,300 a month for a welder on a natural gas tanker or $3,900 for a second mate on a passenger liner.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/nationworld/world/la-fg-dollar5-2008may05,0,3999008.story"><DIV>
The dollar's slide against other currencies is rippling across the globe: It is keeping more American tourists at home, raising prices on imports and creating bargains for foreigners swooping down on U.S. assets.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1EACC64E-8450-4E52-BE79-1B7A302C4DB2/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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