Word: dollarization
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Dates: during 2000-2009
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...legislators outside of Washington. Three months after Grassley sent his questionnaires, a Massachusetts state representative—building on the senator’s contention that universities are hoarding wealth—introduced an amendment to the state budget that would impose a 2.5 percent annual tax on every dollar of endowment in excess of $1 billion. The amendment did not pass, but has been submitted to the Department of Revenue for further study...
...able to trust the wisdom of the Committee.” Bernanke is a particularly relevant choice in light of recent market turmoil brought on by a fall in housing prices and the defaults on millions of mortgages, a surge in oil prices, and a decline in the dollar. “He should have some interesting things to say,” said Jeffrey S. Bramson ’08, an economics concentrator. “As far as economics goes, he’s about the most qualified person.” A 14-member subcommittee...
...2008b). "Table 1.7: Energy Consumption per Real Dollar of Gross Domestic Product," Monthly Energy Review...
...roughly 17,000 Btu of energy were required, on average, to produce a dollar's worth of output, with output being measured in chained (2000) dollars. In 2007 the corresponding figure was 8,800 Btu (see Table 1.7, "Energy Consumption per Real Dollar of Gross Domestic Product," in Energy Information Administration, 2008b...
...While his remarks were short, Summers seemed to enjoy his celebrity, spending several minutes after the event greeting well-wishers, taking photos, and accepting thanks from seniors and their families. At one point the former treasury secretary was asked to sign a dollar bill. He obliged...