Word: dollarization
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Dates: during 2000-2009
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...there's far more to oil's big price plunge. SemGroup, of course, was now out of business, and as similar behavior came to a halt at other firms, oil lost its upward momentum. Enter the financial crisis, which dealt the finishing blow. The dollar had weakened during the first revelations of the mortgage crisis, but as that situation spun out of control into an international credit crisis, the currency markets favored the U.S. dollar. Since oil is traded internationally, as the dollar gained value, the price of oil in dollars had to come down. A weakening dollar played...
...High School Musical 3.” (No pasty-faced moralizing psychopath stands a chance against golden-boy Zac Efron and his thousand-watt tan.) That’s five “Saw” movies in five years, each (after the first) debuting in the $30 million dollar range with the number one or number two slot at the box office...
...Second Life, users create an online persona, known as an avatar, which moves freely through the imagined world, making friends, socializing and buying property with the game's virtual currency, the Linden dollar (so named for the developers behind the game). At any given moment, 38,000 users are logged on to the site...
Armed with this information and a few reasonable if not entirely uncontroversial assumptions about how the economy works, Zandi's firm has estimated the one-year impact on GDP of several stimulus proposals per dollar of spending or lost revenue; for example, a tax rebate like this summer's would generate $1.22 on the dollar. Extending unemployment benefits would bring in $1.63; infrastructure spending, $1.59; and a temporary increase in food-stamp benefits, $1.73. Making the Bush income tax cuts permanent would bring in just 31 on the dollar. So spending increases would seem to be in order. Bush...
Clean, renewable energy. In fact, I'm in it a little bit and I want to get in it more. I have a multimillion-dollar stake in First Solar, which is one of the publicly held solar companies...