Word: dollarization
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Dates: during 2000-2009
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...score 36 seconds into the match when German keeper Jens Lehman bundled into his own defender as he pushed out a cross that rolled invitingly in the box. But Jacek Krzynówek launched one over the bar. From then on, the Poles were weaker than the U.S. dollar. The Germans pounded them, linking pass after pass after pass in a beautiful display of ball control. It was almost over in four minutes, when Miraslav Klose and Mario Gomez broke unmolested toward the Polish goal only for Gomez to fluff Klose's slightly overhit pass. Lucas Poldolski didn't miss...
...reason to fund bloated federal bureaucracies to pursue tax scofflaws. Every person would pay 23% on every new car, suit, pair of shoes, radio or home. In return, individuals and companies would pay no income tax. With no disincentives to earning more, investment would boom. The stronger dollar would also deflate the price of oil, killing two birds with one stone. John P. Kuchta Jr., VIRGINIA BEACH...
...Four-dollar-a-gallon of gasoline only reflects $100 oil because the refiners' margins are squeezed," he said. "At $300, you have $12 a gallon of gasoline and riots in Newark, Los Angeles, Harlem, Oakland, Cleveland, Detroit, Dallas...
...Though the purchase is not quite as much of a shock as the Mitsubishi Group buying Rockefeller Center, the Flatiron's falling into foreign hands nevertheless carries symbolic weight and shows international investors taking advantage of the upheaval in the real estate market and the weakness of the U.S. dollar. The euro closed Monday...
...company that owns the Chrysler Building. A year later he acquired a minority share in the Flatiron, which today is valued at a total of $180 million. With the latest deal, he holds a 53% share of the famous building. "The Flatiron is expensive, but with the [cheap] dollar, it made sense to increase our share," says Mainetti. "The stability of the New York real estate market is unique. This current crisis will pass, and the dollar will re-establish itself. We are confident...