No president elected this November is gonna be able to fix the flub ups of the Bush White House. It will take generations.

US dollar and euro bank notes. The European single currency leapt to a record high…

Euro soars to $1.60 against U.S. dollar, a new record high

LONDON (AFP) - The European single currency leapt to a record high above 1.60 dollars here on Tuesday as investor fears grew over the state of the US economy and its financial services sector, dealers said.

In late morning London deals, the euro jumped to 1.6038 dollars, which beat the previous all-time peak of 1.6019 that was set on April 22.