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Nbadan
11-20-2007, 07:00 AM
Send us your jobs, but pay us in Euros....

Friday, 16 November 2007, 16:15 GMT


Foreign tourists to many of India's most famous landmarks will no longer be able to pay the entrance fee in dollars, the government says.

The ruling is aimed at safeguarding tourism revenues following the recent falls in the dollar.

Until now, foreign tourists to sites such at the Taj Mahal have had the option of paying in dollars or rupees.

The ruling will affect nearly 120 sites of interest run by the Archaeological Survey of India (ASI).

Of these, at least 27 are World Heritage sites, including the Taj Mahal.

BBC (http://news.bbc.co.uk/2/hi/south_asia/7098370.stm)

BradLohaus
11-20-2007, 05:51 PM
I hadn't heard of this:

Think about this. Currently, foreign tour operators are organizing shopping tours, where foreign citizens fly to America for the specific purpose of buying goods cheaper here than they can buy the same goods in their own countries. Of course, most of the goods they are buying, such as clothing, electronics, jewelry, etc., were not made in America in the first place. How absurd is it for Italians to come to New York to buy Italian made shoes cheaper than they can find them in Milan? Does it make sense for foreign producers to offer products to Americans for less than their own citizens? Of course not. In short order the free market will correct this by raising prices here in America and lowering them in the rest of the world.

Subprime Consumers
http://www.gold-eagle.com/editorials_05/schiff111607.html

How long can things like that go on?