Sunday, December 30, 2007

When money isn't worth anything, it tells one plenty about the value of the nation.


...For international shoppers, America is where the Christmas shopping bargains are, in large part because of the no-longer-so-almighty dollar.
Several overseas airlines and charter-flight operators have been specifically promoting New York City as a Christmas shopping Mecca, luring hordes of bargain hunters, especially from Britain, where tourism to the United States has otherwise been lagging for years.
“We’ve had promotions running encouraging people to go to New York to shop because of the favorable exchange rate, and demand has been huge,” said Lawrence Hunt, the chief executive officer of Silverjet, a British discount all-business-class airline. Silverjet even hired “shopping concierges” to send e-mail messages to passengers listing tips about discounts and deals in New York....