Word: dollarization
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...distractions in the form of links, e-mails, instant messages and now Twitters. Besides, if a device has a real keyboard, it's for "writing," not reading - the user is primed more for output than input. Amazon was the first to exploit that weakness and is building a billion-dollar business built around a gadget aimed at people who read offline. In fact, it has already supposedly sold more than 500,000 of its $359 e-readers, despite their obvious limitations. (Kindles only do black and white text and can't even handle photographs or different fonts properly yet, much...
...bail out the company in the first place. It took Geithner until 7:40 the next night to place what must have been a tense phone call to AIG's newish CEO, Ed Liddy. The bonuses were not tenable; they had to be canceled, he demanded. Liddy, a dollar-a-year man who took over the company after the bonuses had been promised, replied that AIG's lawyers had decided that the contracts could not be broken without even bigger costs to taxpayers. Geithner sent Treasury's lawyers searching for a way out, but they couldn't find...
...face of appreciation of the dollar and a financial meltdown, dollar-denominated gold has still managed to hang in there, near its high. Speculation remains rampant...
Most speculation is motivated by the desire for profit. It seems that recent interest in gold is instead motivated by the desire to maintain value. After all, the price of gold in dollars has not shown a steady return. As the government continues to enact costly but what many believe to be inadequate solutions to the financial crisis, investors fear the worst for the future of the economy and the the dollar. Thus, the price of gold has become a measure of confidence in the government to handle the crisis...
...government money and made it clear that a great deal of the cash has been wasted. Even with the evidence of that completely uncovered, the Administration has so little power that it cannot let AIG go under, as a punishment for taking taxpayer money and using it for multimillion dollar bonuses...