Word: dollarization
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Dates: during 2000-2009
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...Bravo chronicled the high maintenance and the people who highly maintain them. No area of pampering was too obscure: luxe hotels (Welcome to the Parker), fashion (The Rachel Zoe Project), hairdressing (Blow Out), real estate (Million Dollar Listing), upscale gyms (Work Out), home décor (Top Design), even exclusive-travel-booking (First Class All the Way). Whether you snark at the housewives or cheer for Top Chef's hopeful restaurateurs, there's always a window-shopping appeal: the aspirational lure of those spa treatments and seared foie gras...
...noted that many of the findings were accompanied by awards of only one dollar, including the claim of slander...
...That way he can turn his attention to what the White House says it is really focused on - Obama's first budget, for fiscal 2010, the outline of which is due to be released on Thursday. "I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities," Obama said on Tuesday night. The anticipated austerity of that budget, which will likely allow President George W. Bush's tax cuts for the wealthiest Americans to lapse and include a road map for health-care reform, will look all the more...
...last eight years, spending got way out of control. The White House couldn't put a check on Congress and the Congress wouldn't put a check on the White House, so everyone spent what they wanted and we ended up with trillion-dollar deficits," says Representative Jim Moran, a Virginia Democrat who nevertheless voted for the package. "We have a responsibility as Democrats to make sure that we don't do that sort of thing - that when the White House is willing to make tough budgetary choices, that Congress plays a constructive role." Apparently, that new responsible role doesn...
...Still, the traders are lucky to even have jobs in a country where 4 out of 5 people are unemployed and 7 out of 10 eat one meal per day or less. Governor Gono's incessant printing of Zimbabwean dollars has deepened the country's economic woes, turning what was once the breadbasket of Africa into a financial basket case. Just last month, he unveiled a series of trillion-dollar notes. The Cato Institute estimates the country's hyperinflation, one of the worst in history, exceeds 89 sextillion percent, or roughly a doubling of prices every 24 hours. Rather than...