Word: dollarization
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Dates: during 2000-2009
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...furious? If not, you should be. The giant financial institutions that make up Wall Street have been bailed out, thanks to trillions of dollars of our money, and are on track to hand out record-breaking multibillion-dollar bonuses while millions of regular folks are hurting. Even outside the gilded halls of Wall Street, there's no shortage of good cheer: many economists say the Great Recession has ended, and Federal Reserve Chairman Ben Bernanke keeps seeing "green shoots" in the economy...
After the jump, FlyBy dissects what this two-dollar technological wonder actually does...
...transformed into a home. It was already a home. The renovations will be done according to the rule book." But art historian Didier Rykner believes that France's "political and diplomatic" objectives may have come into play. Since last year, President Nicolas Sarkozy has been trying to win multibillion-dollar energy deals with Qatar and new investment from the Persian Gulf. (See pictures of the Eiffel Tower...
After the jump, FlyBy dissects what this two-dollar technological wonder actually does...
...regulatory regime that helped enable the financial meltdown. Real change to the current system, which incentivizes unnecessary risk-taking and corporate irresponsibility, cannot be replaced with simply cutting executive pay. The recent cuts are, in reality, a slap on the wrist for executives who will still enjoy multi-million-dollar pay packages and does not affect companies who were equally complicit in the crisis if they have already paid off their bailout loans...