Word: dollarization
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Dates: during 2000-2009
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...more politically sensitive issue - on both sides of the Pacific - is whether China will continue to allow its currency to appreciate. The RMB is up almost 20% against the U.S. dollar since July of 2005, and that's part of the reason small, low-end Chinese exporters have seen their profits dwindle. A Chinese businessman asked Paulson after his speech whether the renminbi had appreciated sufficiently against the dollar. Paulson didn't answer directly, but in Beijing they know what the answer is: you bet it has. With Chinese growth slowing significantly and the economic pain spreading, "any further liberalization...
...what about the books that hit stores just before the financial crisis broke? "If the book is already out, you might have to market it a different way," says Weisser. That's the case for Paul B. Carroll and Chunka Mui, whose Billion Dollar Lessons, which chronicles the biggest business failures in the past 20 years, came out in September, right before Wall Street firms started collapsing. "They're seeing common threads of what got these companies into trouble, so they are applying what they know to the news headlines," says Weisser. Similarly, David Smick's book The World...
...group of Harvard students and administrators charged with planning the College’s billion-dollar House renewal project hit the road late last week, heading south to Yale and Princeton to observe the two Ivies’ recent renovation work. Those on the trip said the tours, talks with project overseers, and input from students offered ample advice and put Harvard’s impending renovations in perspective. “At the beginning of a very large—and very expensive—Harvard House renewal initiative, the trip was designed to allow Harvard faculty and administrators...
...people worried, as the U.S. ran up all those debts in recent years, that the dollar would soon lose its status as the world's reserve currency. But since the financial troubles of the past year turned to panic a few weeks ago, the dollar has been rising against the world's other major currencies. There simply isn't a credible replacement, at least not yet. And until that changes, the U.S. will keep getting to export at least part of its financial woes to the rest of the world. As it did today...
...Harvard’s scientists saw the ethical calculus differently, reasoning that their research could provide life-saving medical treatments to millions of people suffering from diseases like Parkinson’s and diabetes. In 2004, University leaders created the multi-million dollar Harvard Stem Cell Institute and started laying plans to give it prime real estate within the new Allston campus...