Word: dollarization
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...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...
...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...