Word: dollarization
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Dates: during 2000-2009
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...breaks for companies that ship jobs overseas." Shaheen said that a Barack Obama Administration and Democrat-led Congress should cut taxes for middle-class families and small businesses to jumpstart the economy. Shaheen also called for a change in the direction of America"s energy policy. "No more billion-dollar subsidies for oil companies," Shaheen said. "Instead, we'll invest in clean, homegrown energy that will make us energy independent, create jobs, and combat global warming." As for foreign policy, Shaheen repeated Democratic calls for withdrawing troops from Iraq and devoting more time to building relationships with allies. Shaheen...
...perspective. And education is very, very important to me because I have got kids today in the system, in the public school system. I want to make sure that we are adequately funded, but that we have high standards and accountability in our schools so that every public dollar is spent wisely. Because I walk into those schools on a regular basis and I want to make sure that our public schools are as good as they can be because my kids are a part of them...
...pressure for change is coming from the weak and marginalized. China's urban middle class is also pushing for greater freedom. Their growing feeling of empowerment is contagious. Last year's protests by thousands of citizens in the coastal city of Xiamen against plans to build a billion-dollar chemical factory ultimately forced the cancellation of the project - and sparked subsequent copycat demonstrations over proposed megaprojects in Shanghai and Chengdu. "The pressure is building in the pressure cooker and there's no current avenue for it to be released," says Nicholas Bequelin, China researcher for New York City - based Human...
...from China's booming economy, in the swelling urban middle class, are also increasingly pushing the authorities to grant them more rights and freedoms. It's a contagious process. Last year's protests by thousands of citizens in the coastal city of Xiamen against plans to build a billion-dollar chemical factory ultimately forced the cancellation of the project. And the protests directly sparked copycat demonstrations against planned mega-projects in Shanghai as well as Chengdu in Sichuan province, which occurred just a few days before the earthquake devastated the region in May. "Chinese are trying to get government...
...Unfortunately, the price set by the all-too-small futures market transcends oil to influence the entire American economy. Our oil-dependent economy is shaped by oil's arbitrarily determined price. In many ways, oil has become a pseudo-currency. Similarly, with oil traded internationally in U.S. dollars, the dollar is pegged against oil. While squeezing American industry, high oil prices also devalue the dollar. With the state of our economy reflected in the price of oil, it has become a new standard for valuing America. We are slaves to this black gold standard...