Word: dollarization
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Dates: during 2000-2009
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...misses important class messages when her tiny 250-mb school inbox overflows. She's not alone. More than 60% of Brown students have already been forwarding their messages to Gmail accounts, says Donald Tom, Brown's IT support director. He says the switch could help reduce a planned multimillion-dollar expenditure to upgrade Brown's tech infrastructure...
...turn out of my hotel's full parking lot, veering onto the Strip, I come across something rarely seen in Vegas: frozen construction projects. I pass cranes abandoned at the site of the Echelon, a huge, multibillion-dollar project of four hotels that is now just three buildings of nine floors of concrete and steel beams sitting idly on some of the most expensive real estate in the country. I pass three more abandoned sites - 63 empty steel floors of the Fontainebleau, a sad unfinished shell that was supposed to be Caesars Palace's Octavius Tower and two cranes halted...
What does all this mean for parents? Does your research have any guidance for raising children? One takeaway is that the billion-dollar industry of quote-unquote educational toys that are supposed to make your baby smarter is a boondoggle. There's no evidence that any of those things make a difference. Children are learning the way that other people's minds work, which is much more important to learn than even letters and numbers. I'm afraid the parenting advice to come out of developmental psychology is very boring: pay attention to your kids and love them...
...soon get - greater voting rights in the IMF. In June, China agreed to buy up to $50 billion in bonds issued by the IMF to boost the fund's capacity to deal with the global financial crisis. Earlier this year, Chinese leaders, worried about the strength of the U.S. dollar and the safety of their own $763.5 billion investment in U.S. Treasury Department debt, called for the creation of an alternative to the greenback as a global reserve currency. More recently, Beijing has signaled an intention to slowly establish its own currency, the renminbi, as a dollar alternative in international...
Take a drop or risk the trees? A few inches off either way, and the ball will ricochet into the forest. The stakes aren't high: Barack Obama, who has golfed almost every weekend since it got hot in Washington, plays a dollar a hole. But these leaders have more than money on the line. They are facing down their aides, men a fraction of their age. And no one wants to lose. (See pictures of the worst golf fashion...