Word: dollarization
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Dates: during 2000-2009
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...What Internet payment options are there today? PayPal is the most famous, but it has transaction costs too high for impulse buys of less than a dollar. The denizens of Facebook are embracing systems like Spare Change, which allows them to charge their PayPal accounts or credit cards to get digital currency they can spend in small amounts. Similar services include Bee-Tokens and Tipjoy. Twitter users have Twitpay, which is a micropayment service for the micromessaging set. Gamers have their own digital currencies that can be used for impulse buys during online role-playing games. And real-world commuters...
...Trillion-Dollar Question Michael Grunwald's story contains the most gems per paragraph of anything I have ever read [Jan. 26]. His analyses of the problems, the opportunities, the pitfalls and the inevitable lining up at the feeding trough are all spot-on. I especially liked the admonition to give the money to the people who can't afford to save it. That money will go straight to the free market - even though my wife and I will most likely save anything we get. Paul Bliss, San Diego...
...Trillion-Dollar Question Michael Grunwald wrote in "How to Spend a Trillion Dollars" [Jan. 26] that if the government gives money away to stimulate the economy, it should target "people who can't afford to save it ... that's why Obama is pushing a permanent $500-per-person credit on payroll taxes for every worker making less than $200,000 a year." Was that sarcasm? Frank Humphreys, DUBLIN...
...Robert Mugabe. Although the political turmoil may be over, Zimbabwe faces a cholera epidemic, mass hunger and hyperinflation. The central bank has said it will permit the use of foreign currency and announced on Feb. 2 that it would chop 12 zeros off new notes, making an old trillion-dollar bill equal to one new Zimbabwean dollar...
...performers. During fantasy fishing's '08 debut, many winners got lucky. Shellee Kuykendall, a stay-at-home mother of two in Little Rock, Ark., didn't know fishing even had a pro circuit until she heard about the fantasy tournament from her husband and won $100,000. The million-dollar winner, a Minnesota man named Michael Thompson, had been out of work for more than a year before fishing saved him. Now he's the face of fantasy fishing: Thompson says he just saw a cardboard cutout of himself at a boat show...