Word: dollarization
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Dates: during 2000-2009
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...From the volatility of global travel, investors sought the calm of safe havens. Both the dollar and the Japanese yen rose against major currencies. Defensive stocks, such as pharmaceuticals, registered healthy gains. Shares in Roche, the Swiss maker of Tamiflu, an antiviral drug effective against swine flu, had climbed almost 6% by Monday afternoon. Rival GlaxoSmithKline, which makes the influenza treatment Relenza, saw its shares rise even higher. (Read: "Swine Flu: 5 Things You Need to Know About the Outbreak...
...there were 10 family-owned spinning plants in Kings Mountain and hundreds of textile mills across the Carolinas, employing hundreds of thousands of people. You know how that story went. Patrick Yarns is the only family-owned spinning plant still standing in the small mill town, and billion-dollar corporations like Springs and Pillowtex have either moved their manufacturing overseas or vanished. The bigger picture is even worse. According to the U.S. Labor Department, the country lost more than 4 million manufacturing jobs from 2000 to 2008, a number that is likely to rise when the damage from this recession...
Final Clubs: 1. Eight endowed all-male clubs, housed in their own multi-million dollar mansions. 2. The center of some students’ social lives (mostly female first-years’), they are viewed disapprovingly by College administrators and women’s groups alike. 3. Bastions of socioeconomic elitism. 4. Generally overrated. 5. Prefrosh. Where you won’t get in, if you’re a male, and where you should avoid, if you’re a female...
...last time we realized the financial system had sold us out-this was way back in 2001/2002-one of the results was a half-a-billion-dollar settlement with Wall Street's stock analysts. As you might recall, investment banks had a bad habit of issuing overly rosy opinions of companies, particularly the ones the banks were courting for other sorts of business. Twelve companies, including Merrill Lynch, Bear Stearns, Citigroup, Goldman Sachs, Lehman Brothers, J.P. Morgan Chase and UBS agreed to pay a collective $432.5 million for research to be produced by dozens of independent, outside companies and distributed...
...Garage at the corner of Dunster and Mt. Auburn streets, it’s only open until midnight on Fridays and Saturdays, and it’s had some problems with chip theft since it opened this winter, but neither of these drawbacks change the fact that the five-dollar foot-long fills you like nothing else...