Word: dollarization
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Dates: during 2000-2009
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...OPEC Conference president, Chakib Khelil, however, insisted that producing countries - or at least OPEC members - were mainly free from responsibility. "It's not an issue of supply," says Khelil. "I'd estimate that $45 of the price comes from speculation, from the U.S. subprime crisis, from the weak dollar. Most of the price comes from the dollar's devaluation...
During his 22-month tenure, El-Erian was tasked with bringing stability to an organization rocked by the 2005 departure of its long-time CEO Jack R. Meyer, who left with a large fraction of HMC's staff amid heated criticism over multimillion dollar compensation packages for him and his top money managers. Meyer and several of his former lieutenants now run the Boston-based hedge fund Convexity Capital Management...
...Hambali. The four men's faces have appeared on widely distributed wanted posters and on the U.S. State Department's Rewards for Justice website; $10 million is offered for Dulmatin and $1 million for Patek. But for nearly six years the fugitives have defied high-tech surveillance wizardry, million-dollar rewards and a manhunt by thousands of soldiers, spies and police across three countries in Southeast Asia...
...that people can do in response. They still have to drive to work, and Washington would still be unlivable without air-conditioning. In the longer run, people can buy smaller cars, insulate their houses and so on. Energy efficiency--the amount of energy required to produce a dollar of GDP--has actually doubled in the U.S. since the first energy crisis. And $4-per-gal. gasoline is clearly having a significant effect on energy...
...work, the Copenhagen Consensus poses a useful question: what if instead of trying to tackle the world's myriad problems in a piecemeal fashion, we focused our efforts tightly on where we could get the most value for our dollar? It's a very economist - and unglamorous - way of looking at the world. So one of the group's top global priorities is salt iodization for the poorest regions of South Asia, Africa and Eastern Europe. (An estimated two billion people in the world suffer from iodine deficiency, which can lead to goiter and which can be prevented with iodized...