Free Republic

Media Matters, the liberal activist group that wages a rhetorical war against Fox News Channel and others in the conservative press, will announce on Wednesday the receipt of a $1 million donation from the philanthropist George Soros. In a statement obtained by The Caucus, the organization says it plans to use the money to intensify its efforts to hold the Fox host Glenn Beck and others on the cable news channel accountable for their reporting. “Fox has transformed itself into a 24-7 G.O.P. attack machine, dividing Americans through fear-mongering and falsehoods and undermining the legitimacy of our government for partisan...

The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands. "Our dollar is worth maybe zero over here," said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. "It's hard to find a place to exchange. We have to go downtown, to the central station or post office."

...NOT THAT THE DOLLAR NEEDS MUCH INDUCEMENT these days to decline. The euro soared past $1.33 last week, which was less than three cents shy of its peak in its relatively short existence, which was touched on New Year's Eve of 2004. The British pound, whose history goes back a bit further, was closing in on two bucks at $1.98, the highest since George Soros made his killing when sterling was kicked out of the Exchange Rate Mechanism in September 1992... "...Gregory Weldon points to a pertinent quote from Deputy Governor Wu Xiaoling of the People's Bank of China about...

LONDON (Reuters) - The dollar tumbled to a record low against the euro on Tuesday after a warning by euro zone officials on the euro's rise fell on deaf ears, with investors determined to dump the U.S. currency.In a joint statement late on Monday, the European Central Bank and euro zone finance ministers gave their starkest warning to date that they were unhappy with the euro's strength. In an echo of developments that preceded the ECB's maiden intervention in the currency markets of 2000, the statement said policymakers were monitoring the situation closely. But the dollar, under pressure from...

Have you checked the value of your stocks or your real estate lately? In euros? Or British pounds? Has it all sadly disappeared seemingly while you were sleeping? Looking at the dire prognostications of currency analysts on television or in the newspapers lately would lead one to believe that all of your assets are evaporating like raindrops on a Phoenix sidewalk in August. Given the depth of the dread, I’m surprised that some of the Wall Street brokerage firms haven’t taken advantage of all this gloom by selling a currency-hedging strategy to consumers that would prevent the disappearance of home...