Word: dollarization
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Dates: during 2000-2009
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...California. "I burst out laughing. I could not get over it," she said of the fine-artwork-filled home that the Marin County couple swapped with her so they could visit their daughter and her new baby. "They got this little, small apartment, and I got this million-dollar home. I laughed at the trade, but they were happy to be near their daughter in Manhattan, so it worked out fine." (See pictures of luxury private islands...
...liners who respect no rule of law and care nothing for the national good, putting personal wealth and power above all other considerations." Nevertheless, he said, change was visible. The economy was reviving. Schools and hospitals had reopened. Now that the Zimbabwean currency had been replaced by the U.S. dollar and the South African rand, inflation has fallen from 231,000,000% to 3%. And while Mugabe and ZANU were the problem and "pose the greatest threat to our nation's future," Tsvangirai argued, they were also part of the solution. "We must realize and accept that these individuals...
...begun channeling water to a 770-sq.-mi. man-made lake in the middle of the vast Karakum Desert. Turkmen leaders say the lake will help plant life bloom and attract migratory birds, but experts argue that much of the water will simply evaporate and that the multibillion-dollar project could cause an ecological catastrophe...
...major coal-powered utility American Electric Power spent $4.6 million to lobby Congress in the first six months of the year, $1.3 million more than it did over the same period last year. By contrast, "I don't think you can see the renewable-energy lobby compete on a dollar-by-dollar basis with the fossil-fuel and coal lobby," says Mataczynski...
...clunkers scheme, car dealers are stepping up advertising and manufacturers are offering their own incentives. Chrysler, which has watched its sales dwindle this year to the point where, according to Edmunds.com, it is now in seventh place in total sales in the U.S., plans to match the federal rebate dollar for dollar. Any consumer shopping for a new vehicle will qualify for the program, which offers up to $4,500 for the purchase of an eligible 2009-model-year Chrysler, Jeep or Dodge vehicle through the Double Cash incentive. Mike DiGiovanni, GM's general director of market analysis, says...