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For the Lens-Happy


Photo buffs are calling it the camera of the year. Canon (CAJ) Digital Rebel (EOS 300D) is the first digital single-lens-reflex camera under $1,000 -- and it can use all 50 lenses Canon has developed for its film SLR cameras. The six-megapixel camera body goes for $899, or $999 in a kit that includes a basic 18-to-55-mm zoom lens. The next time you book a hotel reservation for a business trip, wouldn't it be nice to see what your fellow business travelers think about the accommodations? That's the goal of our Best Business Hotels survey. To share your thoughts, log on to BusinessWeek Online (www.businessweek.com/go/hotelsurvey), complete the Best Business Hotel survey, and you may win a two-piece set of Tumi luggage. Many foreign-exchange experts are betting that China will buckle under U.S. pressure and allow its currency to rise against the dollar by 3% to 10%. Here's a way to cash in: Open an FDIC-insured money market account that reflects the value of the Chinese renminbi (also called yuan) at online bank Everbank (everbank.com). If you invest the minimum $10,000 and the currency appreciates by 10%, for example, you'll earn $1,000. Of course, if China devalues, you'll lose money.

This is no ordinary account. Because China imposes strict controls on trading in renminbi, an official at China's State Administration of Foreign Exchange says it needs more information before it can assess the accounts' legality. Everbank president Frank Trotter says that's not a concern. Everbank, he says, operates under U.S. law. Moreover, it never actually purchases renminbi. Instead, it buys forward contracts from other U.S. banks that are denominated in dollars but tied to the renminbi. As a result, when you cash out, you'll receive dollars -- not renminbi. You'll also get interest, albeit not much: Today's rate is 0.5%.


China's Killer Profits
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