Word: dollarization
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Dates: during 2000-2009
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...past 38 years, the world has been engaged in the historical experiment of a monetary system based on a single currency (the U.S. dollar) that has no link to gold. This arrangement was shaky in its early days, in the 1970s, but seemed to work passably well for the next two decades. Lately, though, the dollar standard has been blamed for everything from China's huge buildup of dollars to the financial crisis of 2007 and '08 and a future of rampant inflation that hasn't materialized yet but that many doomsayers are convinced is on the way. And while...
...Iraqis have been killed - Iraq's natural resources are only now emerging as spoils of war. As U.S. troops prepare to withdraw from the country next year, some of the world's biggest energy companies, among them ExxonMobil and Royal Dutch Shell, are racing to lock up multibillion-dollar deals with officials in Baghdad that will allow them to exploit the country's giant oil fields. The deals will not only allow Big Oil to return to Iraq for the first time since Saddam nationalized the industry in 1972. By modernizing a production system wrecked by conflict and embargoes, Iraq...
Since a ten-dollar limit was imposed on all gifts, students were encouraged to be creative in their searches for the perfect (cheap) gift, said Bloom, who gave her lucky target a photoshopped picture. One student was given, well, a box of tissues—perhaps the fact that his Super Sexy Secret Secular Santa is competing against him for a leadership position sheds some light on that particular transaction...
Likewise, if you find yourself in need of some munchies, hike your tail over to Boloco's tonight, where they're offering 1 dollar burritos in celebration of a recent extension of their operating hours...
...November deal are $1 billion for small business, massive improvements in African infrastructure, reduced tariffs, construction of 100 clean-energy projects, and sponsorship of programs in health, education, culture, and agriculture. Since 2000, such measures have not only built China political goodwill, they have also expanded the dollar value of Chinese trade with Africa tenfold...