Word: dollarization
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Dates: during 2000-2009
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Obama tapped his professors' support throughout his bid for the presidency for money, connections, and advice. A top-dollar fundraiser held at the Cambridge home of professor David B. Wilkins ’77 in early 2007 not only reunited him with old classmates and Law School professors, but also allowed him to rub elbows with influential Massachusetts Democrats...
...doesn't exactly hail from Ecuador's lily-white élite, is also pleased by the fact that Obama will be America's first black President. "The world likes Obama better too," he adds. "I think he's going to be as popular around the world as the dollar...
Thank the 98-lb. weakling - the U.S. dollar - which, over the past several years, has made foreign travel outrageously expensive for Americans. Today, given the financial crisis, investors see the U.S. as safer than other markets - even though the downturn is largely the responsibility of Americans - and are flocking to the dollar. (Apparently there's no financial penalty for irony...
...think the youth vote is going to change this time around,” said Timothy P. McCarthy ’93, a lecturer at the Harvard Kennedy School who studies politics and social movements. “But if I had a dollar for every time someone has said that to a reporter over the years, I’d probably be able to retire...
...Finding jobs for millions of unemployed is "the biggest challenge [China's] leadership faces" says David Dollar, head of the World Bank's China office in Beijing. The current crisis has greatly accelerated a process that was already underway as China's economy has been shedding low-level factory jobs to transition to manufacturing higher value-added products and jobs in the service industry. "In a way, the crisis could work out well for China. It has the potential to help in rebalancing the economy away from production" to the creation of more jobs in the service sector, says Dollar...