 | | Dollar is Here to Stay | | THE dollar is here to stay, at least as far as pricing in oil markets is concerned. Certain countries _ including Iran, France and Russia _ have periodically floated the idea of transforming the markets by settling crude oil transactions in currencies other than the dollar.
But each time the notion is raised, it has been quickly dismissed on technical and economic grounds. And that remains the case today, more than ever.
''It's a red herring,'' said Leo Drollas, chief economist at the Center for Global Energy Studies in London. "The idea should be put back in its box for a while, especially with all the turmoil surrounding the euro.'' Various reasons have been cited for the calls to shift away from the dollar, which remains the world's reserve unit.
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|  |  | | 'THINK DIFFERENT' WAS JOBS' CREDO | | WHEN Steve Jobs died on October 5, many commentators wondered whether Apple _ the company he cofounded and led through many years of profit and innovation _ could continue to thrive without him.
After struggling with cancer, Jobs stepped down from his post as Apple's CEO in August, yet his impact on the company remained profound. After all, Apple's innovations _ from the personal computer to the iPod to the iPhone _ changed the way the world communicates and plays. Following Jobs' death at the age of 56, many argued that Apple's future was now in doubt.
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