Word: dollarization
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Dates: during 2000-2009
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...With his dramatic plans to restructure Wall Street and Detroit, overhaul health care and create a clean-energy economy, Obama is certainly taking political risks, even if he hasn't gotten around to replacing the almighty dollar with some new, one-world currency the black-helicopter crowd keeps warning about. But it's not clear that the Republicans in their current incarnation would be a credible alternative if he falters. "We've got to be at least plausible, and I worry about that," says GOP lobbyist Ed Rogers. Republicans never really left the idea business, but Americans haven't been...
...South Korea's won helped the country attract 7% more tourists last year - a faster rise than any other Asian destination - and so far this year 50% more Japanese tourists have arrived. In Iceland, where the krona has fallen by 40% against the euro and 65% against the dollar since its three major banks collapsed last October, the nation is betting on increased arrivals: this summer IcelandAir will open up new routes to nine cities in Europe and North America. And Visit Britain, the official U.K. tourism body, is running a $2.6 million ad campaign urging foreigners to "see more...
...most contentious votes of the semester, the Undergraduate Council voted 15-13 in favor of initiating a capital fundraising campaign to purchase the multi-million dollar 45 Mount Auburn St. property...
...Foushee ’12 on ukulele, with all three sharing vocal duties. The band’s origins are attributable in part to common dorm and in part to common interest. “It kind of came out of an online karaoke program and a six dollar keyboard from Ebay,” Paul says. “It was birthed out of Arts First.” Though the girls are set to play as the Rod Stewart Tribute Band, the three Canaday residents have adopted the band name Captain and Captain and Captain and Tennille based...
...alma mater or simply to ourselves. Although Harvard’s educational program makes an ambiguous contribution to the future net worth of its students, a Harvard degree remains a strong predictor of high earnings later in life—yet it cannot guarantee success. Attempts to place a dollar amount on human life offend our moral sensibilities; success, too, is insufficiently captured by the callousness of a quantity. Ultimately, it is the prerogative of each individual to secure success on her own terms, whether they be monetary or otherwise...