Powered by Max Banner Ads
Some Stores In NYC Now Accepting Euros
Some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise.
“We had decided that money is money and we’ll take it and just do the exchange whenever we can with our bank,” Robert Chu, owner of East Village Wines, said.
The weak U.S. dollar has brought scores of European tourists to NYC with money to burn. Obviously, the falling U.S. dollar is not a good thing, but the reality is that we now live in a global economy.
Even if the dollar were strong it makes good business sense to accept euros anyway if that’s what your customers are carrying.
Not far from Chu’s downtown wine emporium, Billy Leroy of Billy’s Antiques & Props said the vast numbers of Europeans shopping in the neighborhood got him thinking, “My God, I should take euros in at the store.”
-Chris Jones
Bernard Kerik’s 16-Count Indictment
The Smoking Gun has an actual copy of the 16-count indictment against former NYC Police Commissioner Bernard Kerik. Unlike many pundits, I really don’t think Kerik’s legal troubles are gonna have a negative effect on the Giuliani campaign.
Even if Kerik is guilty of the crimes that are alleged, he still did an excellent job at every position to which he was appointed. The only thing Giuliani deserves criticism for is for is not conducting a more thorough investigation of Kerik before recommending him to head up Homeland Security.
-Samantha Giles
U.S. Will Ask a Grand Jury to Indict Kerik
Federal prosecutors will ask a grand jury today to indict Bernard B. Kerik, the former New York police commissioner, on charges that include tax fraud, corruption and conspiracy counts.
The grand jury, convening in Westchester County, has heard evidence about Mr. Kerik for about a year as part of a broad federal inquiry into a variety of issues, including his acceptance of $165,000 in renovations from a contractor who was seeking a city license.
Prosecutors are also seeking to charge Mr. Kerik, 52, with failing to report as income more than $200,000 in rent that they say was paid on his behalf to use a luxury Upper East Side apartment where he lived with his family around the time he left his city post.
Posts
