Word: dollarization
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...Need Is a Dollar...
Uncertainty surrounding the upcoming general election and news that the nation's economy has further contracted have caused the British pound to decline 7.3% against the U.S. dollar this year, with most of the drop occurring within the past month. Worth almost $2 in 2008, the pound now sits just below...
...selection of brands and package sizes in its grocery section, which accounted for some 45% of its store space. This move had a two-pronged effect. Some shoppers, faced with a less robust grocery selection from Walmart, decided to make an extra trip to the neighborhood supermarket, or even dollar stores, to take care of their basic needs. Plus, brands that were spurned by Walmart ran into the arms of its competitors, who were willing to compete aggressively with the retailer on price. "Suppliers don't care about going to war with Walmart because they've been stiffed...
...NCAA thinking about tinkering with its beloved, billion-dollar basketball spectacle? The organization is investigating the possibility of expanding the tournament field to as many as 96 teams as early as next year (for you non-bracketheads out there, 65 teams play in the current field). Within basketball circles and among cubicle dwellers who relish filling out their brackets for the ubiquitous office pools, chatter about a broader tournament is dominating the discussion. "Absolutely, it's hot," says Phil Martelli, head basketball coach at St. Joseph's University in Philadelphia, of the expansion issue. "Very hot." (See a brief history...
...they worry that the recent change to election law could lead to whole new level of campaign-finance pressure. "The most alarming part of Citizens United is that theoretically insurance companies could go to members and say, 'Oppose health reform, or I am going to run a million-dollar ad campaign in your district,' " says Dan Pfeiffer, the White House communications director. "That's the nightmare scenario...