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Worldwide. >> our hotels in miami are filled with europeans. i was at the eder rock with my family and there were europeans all over the place. positive amounts we learn in europe, which we earn this euros, obviously when they're converted and reported in our results in dollar terms, they are more valuable than they would have been before. the only weakness is in travel from places like the united states from europe where europe has gotten correspondingly more expensive than in the past. for business travelers that's probably not a terribly significant impact because they tend not to look at t...

Highs. it makes be exports cheaper abroad. it makes the dollar worth less relative to other currency and that makes all imports, including oil more expensive in dollar terms. critics fear that is creating conditions for a sustained rise in inflation, so they want to know what the fed's intentions are and what it plans to do if inflation begins. the usual prescription is to raise interest rates but that also slows economic growth and so far the fed's priority has been to keep stimulating a struggling economy. many will be listening to see how pwer bang key walks the tight rope and what the fed'...

250,000. in the interim with inflation, that 250,000 bracket set in 1993 with inflation now is $378,000. if you want to maintain the same bracket as was determined in 1993 in real dollar terms, why don't you consider moving that bracket up to the realistic number based on the 1993 plus inflation of 378,000, 400,000, something like that. >> look, lawrence, i'm not sure i adopt your premise, but i understand your hypothesis there of what happened some years ago. but let me say this, the american public sen a message pretty clearly to every member that was running and to the congress generally. t...

Coming up, we will be speaking to a passenger who witnessed the meltdown and also ride back on what's called the air train out of jfk with the flight attendant who had the meldown. we are going to be talking to him coming up. developing this morning, defense secretary robert gates taking aim at the pentagon's budget and expecting belt tightening. the centerpiece of hiss on tearty plan getting rid of the u.s. joint forces command. that's a move that could cut 3,000 jobs. >> culture of endless money that has taken forward must be replaced by a culture of savings and restraint. towards this end...

To make an effort. he says he is talking about things like cutting that command. he's talking about really trying to severely cut down on the use of contractors. he's even talking about cutting the number of generals and admirals on the pentagon payroll. but will that really make a cut in the now $700 billion of annual spending for running both the bureaucracy and the wars in iraq and afghanistan? listen to why the secretary says he feels he has to take these steps. >> the culture of endless money that has taken hold must be replaced by a culture of savings and restraint. toward this end i am ...