Book Report

[Thomas]

KC, your observation might prove again the point: it ain't what but who you know...

IK, here's one way money is made on conversion rates.

I recently wrote an article for a European periodical--agreed to a Euro fee.

Now that I am to get paid, I am told that I will receive the Euro fee I agreed to, but the government demands a 30% withholding (I don't know who keeps it).

The 30% fee covers the increased dollar conversion from Euros, which means the 1300 Euros are worth to me 30% less than they are on the open market.

[This message has been edited by foodie (edited 01-29-2004).]