Word: bucked
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Dates: during 2000-2009
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China revalued its currency last week, allowing it to rise 2.1% against the U.S. dollar. No longer will the yuan exactly track the buck, as it has for nearly a decade--which has kept the yuan's value artificially low and made Chinese goods cheap in the U.S. Here's what it all means...
...interest rates, which could trigger rate cuts throughout Europe and a falling euro. Yet Buffett has indicated that he's sticking with his bet. "There's no change in the underlying factors affecting currencies," he said, adding that in the long run, the U.S. trade deficit must weaken the buck. It's not all bad news for Buffett fans. He first bet against the dollar as it was falling in 2002 and remains in the money overall. But with his gains eroding, dreaded derivatives may claim the biggest victim...
...Acer's story is an inspirational one for other Taiwan electronics firms. Its strengths are flexibility and a willingness to buck conventional wisdom. While other PC companies were abandoning traditional sales channels to compete with Dell's Internet-based direct-sales model, Acer stuck with conventional distributors such as Ingram Micro. The strategy allowed Acer to reach larger markets without building a costly direct-sales infrastructure...
...some critics, however, the Navy's supercarriers are the Maginot Line of the late 20th century, monuments to military obsolescence. Would-be military reformers question whether enormously expensive supercarriers provide enough bang for the buck. If the U.S. tried to re-enact the Battle of Midway against the Soviet navy's modern cruise missiles and submarines, they warn, the American fleet would wind up like the Spanish Armada--on the ocean floor...
...cares about the visual integrity of Hollywood movies when there is a buck to be made? Not the studios or the TV networks. For them the golden oldies are either profitable inventory or chopped celluloid. And now the archives are being raided by technicians with a new idea: "colorizing" the black-and-white films of Hollywood's Golden Age through computer wizardry. The film is copied onto video and broken down into gradations of gray. An "art director" sits at a console and chooses the colors for each face, dress and prop, which the computerized "paintbrush" adds frame by frame...