Word: dollarization
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Dates: during 2000-2009
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Harvard’s multi-billion-dollar house renovations progressed one step further on Thursday, when the preliminary findings of the Committee on House Life report were presented. The report’s conclusions will be familiar to anyone frustrated by missing the 7:15 dinner deadline or losing a fight over a common room, as it outlines significant changes that should be made in the new houses. Though we await the specific details of the final report, these initial findings address important student concerns and offer encouraging signs of progress...
...Internal Revenue Service is bracing for a deluge of amended tax returns from tens of thousands of victims caught up in the recent wave of multibillion-dollar Ponzi schemes and other frauds, most notably the sensational swindle perpetrated by Bernie Madoff and R. Allen Stanford's $8 billion certificates-of-deposit scam...
...computer's results. Some schools waited for the designated hour, then unleashed the students to retrieve the envelopes with their results and braced for a stampede. Others, including Vanderbilt University, called students at random to the front of a lecture hall. On the way, each students dropped a dollar bill into a fishbowl as compensation for the suffering that the last person was to endure while waiting. One by one, they received and opened their envelopes, leaned into a microphone, and announced the result to classmates, family, and anybody watching on Vanderbilt's live Webcast...
...Same goes for those who work in the business. Many have lost their job and life savings, and most have seen their salary cut. Yes, there have been egregious bonuses and golden parachutes - and we ought to claw them back - but that won't pay for a trillion-dollar (or more) bailout. Which leaves ... the folks who loaned the banks money. The banks' creditors have been the clearest beneficiaries of the bailouts - leaving them with the most wherewithal to contribute. (See 25 people to blame for the financial crisis...
...steps to make his budget more transparent, a point his team never tires of pointing out. He included items that President George W. Bush did not to obscure the true operating cost of the government, such as the money for the wars in Iraq and Afghanistan, an annual multibillion-dollar fix of the fees that Medicare pays physicians and Alternative Minimum Tax relief for the middle class. "At least the budget that the Obama Administration presented, even though it's huge and it's a huge deficit - and that enables the other team to beat up on it - the truth...