Word: dollarization
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Dates: during 2000-2009
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...actually consumed each year. Despite all the volume, the claims realized through open interest pale in comparison to the actual consumption of oil. The futures market is much smaller than the real oil market. When you consider margin, the amount of money actually invested is even smaller. Indeed, one dollar invested in a long-term position in the futures market carries the leveraged weight of more than $300 in the physical oil market...
...Still, Musharraf's exit is likely to provide the coalition a significant if brief popularity bump. The Karachi Stock Exchange rose 4%, and the rupee rose marginally against the dollar. But with inflation at 25%, alarming levels of capital flight, soaring costs of food and fuel, and rising unemployment, the economic outlook remains bleak. And as Pakistan-based Taliban become more confident, Islamist militancy is a growing concern...
...move to oust Musharraf comes at a difficult time for Pakistanis. The economy is approaching a meltdown, with inflation at 25% and the rupee falling to a record low against the dollar. There is also concern that the longer the controversy over Musharraf's fate goes on, the greater distraction it will prove from the challenges of Islamist militancy. That threat was underscored 10 days ago when fighting broke out in the Bajaur tribal agency along the Afghan border. Pakistani military jets and helicopter gunships have been targeting an estimated 3,000 armed militants in the area. More that...
...Olympics, go for the pros: take that group of NBA players who've always wanted to be Olympians, put them in a summer camp before the Games, and bang, the U.S. has a medal contender. That's ridiculous, you say. What sports executive would let a multimillion-dollar investment play some silly sport in the off-season? Well, if basketball general managers let their guys play Olympic basketball in the summer and hockey bosses permit their stars to play in the Olympic tournament during their season, why wouldn't they let them hurl the handball? They're less likely...
Drug companies say the visits keep doctors educated about important new trends. But harried doctors are often persuaded to prescribe expensive new drugs, even though older drugs or generics would be just as effective. A Harvard model projects that every dollar spent on better information would yield $2 in drug savings. That's a big deal to cash-strapped states that pay a large chunk of Medicaid patients' drug costs. Thus SCORxE - South Carolina Offering Prescribing Excellence - a joint program between the state's Medicaid program and the South Carolina College of Pharmacy, which trains its pharmacist-reps to visit...