In business news, the dollar is slowly gaining value after it fell to a record low earlier this week compared to the Euro. The Economist magazine is warning that the nation’s economy could face severe long-term consequences if the value of the dollar continues to fall. The editors write in the new issue: “If America keeps on spending and borrowing at its present pace, the dollar will eventually lose its mighty status in international finance and that would hurt.” The magazine explains that the country now has the privilege of being able to print the world’s reserve currency which allows the country to borrow cheaply, and thus to spend much more than it earns. The Economist goes on to describe the historic role of the dollar: “Imagine you could write checks that were accepted as payment but never cashed. That is what it amounts to. If you had been granted that ability, you might take care to hang on to it. America is taking no such care, and may come to regret it.”