Word: dollarization
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Dates: during 2000-2009
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...problem is, it's not getting better fast enough, and it's not getting better for everyone. One billion people live on less than a dollar a day. They don't have enough nutritious food, clean water or electricity. The amazing innovations that have made many lives so much better - like vaccines and microchips - have largely passed them by. This is where governments and nonprofits come in. As I see it, there are two great forces of human nature: self-interest and caring for others. Capitalism harnesses self-interest in a helpful and sustainable way but only on behalf...
...part of a movement to put a computer on every desk and in every home. Ten years ago, Melinda and I started our foundation because we want to be part of a different movement - this time, to help create a world where no one has to live on a dollar a day or die from a disease we know how to prevent. Creative capitalism can help make it happen. I hope more people will join the cause...
...been an impressive performance, especially coming from a member of the lame-duck Administration of an unpopular President. What's not at all certain, though, is whether it's all going to work - to revive housing, prevent recession and avert a future mortgage bailout of epic, trillion-dollar proportions. The candidates for President are watching closely: both Barack Obama and John McCain have generally endorsed Paulson's actions, but it's clear that - with Obama's candidacy propelled in part by economic discontent - McCain has a greater stake in the current Administration's success. Either way, the next President...
...like the global, multibillion-dollar version of trying to get into a prestigious university or a coveted sorority or on a segment of Who'll Marry a Planetary Billionaire? And once you're admitted, you risk everything you have (Montreal finished paying for hosting the 1976 Summer Games only in 2006) in the hope of securing a windfall that will put you on the economic and geopolitical map forever. You bring in TV crews from almost 200 countries, 100,000 security guards, doping-control officers and almost three times as many volunteers as there are citizens of Monaco ... all this...
...Dhabi's funds, and those in such places as Kuwait, Saudi Arabia and Qatar, are part of an epochal shift in the economic balance of power toward the energy-rich Gulf. It helps that the downturn in the U.S. economy and the anemic dollar are offering up relative bargains. Shares in GE - the great symbol of American management prowess - have fallen by more than a quarter in the last year...