Word: dollarization
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Another key thing we are finding is that there are people in the parking lot of Trader Joe's and ALDI, and Goodwill and the dollar stores, that were never there three years ago. The demographic profile of people willing to shop down is expanding...
...extraordinary $42 billion deficit next year by paying approximately $1,000 in additional taxes, fees and loss of dependent tax credits. And this figure will remain at that level only if we make no purchases for 12 months in an effort to avoid the new 1-cent-on-the-dollar increase in sales...
...hate you guys, but there is nothing much we can do.' LUO PING, a director-general at China's Banking Regulatory Commission, saying Beijing will continue to buy U.S. Treasury bonds despite concerns about the potential depreciation of the dollar...
...have outlived their usefulness. Even as he signed the stimulus bill, he had already pivoted to the next message. "We will need to do everything in the short term to get our economy moving again," he said, "while at the same time recognizing that we have inherited a trillion-dollar deficit, and we need to begin restoring fiscal discipline and taming our exploding deficits over the long term...
...beyond its final dollar tally, the disassembling of the Saint Laurent-Bergé collection is significant as a chance to mine the last vestiges of the 20th century aesthetic, and reflect on those same walls that divide - and sometimes unite - the artist and artisan, taste and knowledge, sense of style and pursuit of the sublime. (See pictures from Yves Saint Laurent's art auction...