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Among those selling the split-dollar insurance now under attack by the IRS were planners from American Express, which has a network of 10, 000 advisers.
FORBES: The new giving game
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Rental car stocks such as Budget and Dollar Thrifty fell considerably since the attack.
CNN: Car rentals, like airlines, hard hit after attacks
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But the IRS' attack on split-dollar insurance came months after key congressmen had moved to block the ploy.
FORBES: The new giving game
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Financial markets shared Wall Street's relief that Brazil was not digging in for a protracted battle over its currency, and there was no sign of a speculative attack against the Hong Kong dollar.
ECONOMIST: Tempest-tossed but floating
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On August 15th the Hong Kong Monetary Authority pushed interbank rates up to levels not seen since the Mexican peso crisis in 1995, to counter what it said was a speculative attack on the Hong Kong dollar.
ECONOMIST: South-East Asia��s currencies are not safe yet
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Already, two companies have warned that fallout from the attack will dent their earnings: Dollar Thrifty, which runs the Dollar and Thrifty brands, and ANC Rental, which owns Alamo and National.
CNN: Car rentals, like airlines, hard hit after attacks
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This raises big questions for companies such as Boeing, which has recently booked a multibillion-dollar deal to sell dozens of F-15 fighters and attack helicopters to Saudi Arabia.
FORBES: Mideast Unrest, China Spark Swift U-Turn In Outlook For U.S. Defense Industry
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This year it began to attack the long-time position of the U.S. dollar as the standard currency in international trade, encouraging the use of its currency, the yuan, in trade settlements.
FORBES: Khrushchev Could Not Bury U.S., China Just Might
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An attack on its currency, the last in Asia still linked to the U.S. dollar, raised fears that Hong Kong would follow the rest of Southeast Asia into financial meltdown.
CNN: The Cost of a Pegged Dollar