Word: dollar
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...than $293 billion exposure to Eastern Europe, roughly 80% of the Austrian GDP. When, on February 17, rating agency Moody's warned that it might downgrade a number of western European banks with exposure to the region, the euro plunged to a three month low of $1.26 against the dollar. "Given the combination of banking and trade links between Eastern and Western Europe that have been built up over the past five to ten years, it's clear that this cannot be seen as a self-contained regional crisis," says Neil Shearing, Eastern Europe economist at Capital Economics in London...
...broke up the huddle and sent his players out to face their toughest opponents in a generation: the biggest economic catastrophe that America has faced since World War II, ongoing wars in several countries and a fiscal time bomb that, unless it is defused, will destroy the American dollar and the American future. The odds are daunting, but now everyone knows the coach believes we can still be champions...
Harvard Law School announced yesterday that a new $6 million dollar fund to support international legal education will be established from a donation made by Law School alumni John F. Cogan ’49 during last year’s record breaking capital campaign...
...Making that calculation, of course, requires placing a dollar value on human life, which can mean getting into some sensitive areas. Sunstein has written in support of what some people call the "senior death discount," the statistical practice of taking into account years of life expectancy when evaluating a regulation. By that measure, for example, it would be harder to justify spending to correct an environmental hazard that posed more of a threat to the elderly than one that was more dangerous to children, who have many more years ahead of them...
...will spy on his competitors to stay a few steps ahead, fire incompetent employees with alacrity, and invent new business models, all in an effort to capture new market space. It is hard to fathom the ingenuity we would witness if capitalists participated fully in the one-half-trillion dollar market of educating American children, sights set broadly on the trillions more that lay beyond our borders...