Word: dollarization
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Dates: during 2000-2009
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...women in certain societies to establish a self-sufficient lifestyle. It is also overwhelmingly used to the benefit of both men and women as the only way to provide income stability. For instance, sickness or drought can dramatically disrupt the work cycle of people living on less than a dollar a day, and microcredit can provide a respite, allowing people time to regain their health or weather climate fluctuations without starving. At this moment, access to credit is the most important boon of microfinance, regardless of whether the interest rate is high or low. Change is occurring. Interest rates have...
Given that the government already had to pay a multimillion-dollar settlement for linking an innocent government scientist, Steven Hatfill, to the attacks, FBI officials are clearly worried about their reputation for bumbling the anthrax case and are eager to share what they know. But they are waiting to proceed publicly until a judge unseals the evidence in the Ivins case and all the victims and their families have been briefed on the details. More information may become public in the next couple of days. Amid all the leaks and whispers over this grim episode in a grim case, some...
There will be around 10,500 athletes competing in Beijing this month; fewer than 100 are internationally famous. In this era of sports as primetime entertainment, where American basketball stars or European footballers can expect gazillion-dollar ad contracts and the adulation of millions of fans, it's easy to forget that most top-flight athletes are normal folks who fly economy and have time to help a kid locate his duckie. Most toil in their designated sports in hours squeezed between, say, school or factory shifts. Weightlifting, in particular, may be one of the Olympics' most fundamental pursuits...
...most high-profile relationship-building efforts were with the Chinese government, in a series of top-level meetings in Beijing and Washington. These weren't a flop - Paulson proudly points to the failure of anti-China trade legislation in Congress and the 20% rise in the yuan vs. the dollar - but they weren't a dramatic success either. Then came trouble, which spread from subprime mortgages to financial markets in general in August 2007. The chief connection was that subprime loans - those sold to less qualified borrowers - were purchased and repackaged by Wall Street into supposedly low-risk investment products...
...carbon emissions, although the candidate himself seems not to fully understand that a hidden carbon tax is involved. McCain's opposition to disgraceful boondoggles like the farm bill, which Obama favored, is a real strength, as is his clarity about the economic advantages of free-trade agreements - a weak dollar makes exports the most promising area of economic growth. But for every proposal, there is a conflicting counterproposal: McCain wants alternative-energy research and development, but he would freeze nondiscretionary domestic spending, which would limit the government's puny alt-energy efforts. "He hasn't talked very much about...