Word: dollarization
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Dates: during 2000-2009
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...glance at Kirwan’s resume reveals extensive experience in the fiscal management of large organizations. As the state’s secretary of administration and finance, Kirwan helped close a series of billion-dollar deficits and developed the state capital budget. Prior to her time in the State House, Kirwan also worked for the MPA and the Massachusetts Department of Revenue...
...spend his time. The bigger question is what Cameron thinks Britain gains from being such a pain to its European colleagues. One consequence is already plain: as TIME noted last week, in Paris and Berlin there is new energy behind Franco-German cooperation, and you can bet your bottom dollar that is partly because Merkel and Sarkozy have taken a look at Cameron, remembered the havoc Thatcher caused in the 1980s and thought, "Uh-oh. Is that a handbag he's carrying?" (Read: "Can France and Germany Fall in Love Again...
...never rebalanced would have grown to $2.9 million by 2008. That same portfolio rebalanced annually would have grown to $3.5 million, according to the Schwab Center for Financial Research. Keep at least 25% of your stock allocation in foreign companies to hedge against a weak dollar and a lagging U.S. economy. Limit your Treasury securities to 10% of your bond holdings to hedge against a widely anticipated surge in government borrowing rates. (See 10 things to do with your money right...
...developers were pitching the spits of land to tycoons, sportsmen and celebrities. But when Dubai's property market imploded last year, dropping more than 50%, cheeky headlines in the international press suggested that "the end of the World" had arrived. One dealer was quoted as saying that the multibillion-dollar project had been postponed "indefinitely." (See pictures of Dubai...
When people say, “but they’re just words,” they seem to be forgetting that it is the president of the United States who is saying them—someone who can back up such words with executive control of a trillion-dollar economy and thousands of troops. It is a plain reality that, in nine months in office, President’s Obama’s actions have had more of an effect on the world than a lifetime of work by most activists. This does not make the efforts of advocates...