Word: dollarization
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Dates: during 2000-2009
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Part of the president’s decision should be understood as a well-timed political move. The month of January witnessed accumulating reports of multi-million-dollar bonuses, corporate retreats, and profligate spending in corporations either receiving or courting federal bailout money. Then it was confirmed that Wall Street employees had received $18.4 billion in bonuses for 2008, in spite of dismal performance for banks as a whole. Meanwhile, the Obama administration, riding on a wave of high ethical expectations, has faced embarrassing criticism for political appointees accused of tax evasion and misuse of corporate privileges. Between declining consumer...
...group of researchers involved in planning for the liquefier was notified by Dean of the Physical Sciences Jeremy Bloxham that the project had been postponed indefinitely—a decision made jointly with SEAS, whose interim dean, Frans A. Spaepen, pointed to the machine’s multi-million dollar price tag as the reason for the decision...
...SEAS is slated to have a major part in the new Wyss Institute for Biologically Inspired Engineering, funded by a $125 million dollar donation and touted as a part of the Allston science complex that would strengthen the University’s nascent engineering efforts...
...Hampshire where in 1944 the Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process) but exercises no real control over the global...
...diabolical price gouging scheme. After years of paying the reasonable rate of 85 cents for his two-packs of brown sugar Pop Tarts, he one day discovers that the vending machine deities have betrayed this long-standing tradition, raising the fee to an outrageous price of one American dollar. Our hero falls to his knees in front of the behemoth nutrient dispenser, crying and salivating as his desired snack taunts him from behind the glass. Climbing up the stairs to his room, he can only think of two things: hunger and revenge. Suddenly, after hours of scheming, he comes...