Nice ...

We're one step closer to Third World status:

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Besides the relative strength of the yen and the continuing strength of the euro, another world currency has made a remarkable climb against the greenback over the past few weeks. As of Friday, a Swiss franc now trades for slightly more than a dollar. It had been holding steady in the 89 to 93 cent range for many months, but the recent bad news for the American economy made the franc soar. Unlike the yen being equal to a penny, this is new territory for the Swiss currency, which has never been at equity with the dollar before. Back in the 1940s through 1960s, the Swiss franc traded at between 20 to 25 cents. [my em]

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