Word: dollarization
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...Secretary Hank Paulson. That less confrontational setting was more likely to produce results on the currency issue than any forum that smacked of the U.S. putting Beijing on trial for "manipulation," the Bushies believed. In fact, over the past two years, the RMB did rise nearly 20% against the dollar. (Read "China's Trade Slump Worsens in December...
Your crotchety, sentimental liberal grandpa - Patrick Leahy, say, or Dan Rather - picked the Oscar nominations again this year. The voting members of the Academy of Motion Picture Arts & Sciences don't care that you liked The Dark Knight, which is the second biggest dollar-earner in movie history, and which kids and critics alike appreciated less as a live-action comic book than a triangular battle of stern Good, giggling Evil and two faces in between. Except for a Heath Ledger memorial citation (Supporting Actor), the film was shut out of all major award categories, taking seven other doorstop prizes...
...Internet buff's lawyer and supporters, including many members of the opposition party, say the purported charge is erroneous because the government, led by the Grand National Party, did indeed ask for dollar buying to be reined in. They further allege that the move reflects a concerted effort by the current conservative government to suppress freedom of speech in cyberspace, especially if it is anti-government in nature. "It's back to the past" says Song Yong Gil, a member of the opposition Democratic Party...
...pricing of McDonald's, highlighted by dollar-menu items like apple pies, side salads and yogurt, plus cheap combo meals - burger or sandwich, fries and a drink - is a key strength during the recession. In particular, consumers are fleeing casual, family chain restaurants for the convenience and savings of fast food. (Yum! Brands, which owns KFC, Taco Bell and Pizza Hut, and Burger King have also seen sales growth, though at smaller levels than McDonald's.) Casual-dining joints are reeling: P.F. Chang's and the Cheesecake Factory, for example, saw their third-quarter 2008 profits fall...
...rare modern President who retires to his farm and his library, unless by library we mean a multimillion-dollar monument to his vital role in world history. These men are, as President Bush put it in his farewell squash match with the White House press corps, "type A" personalities. "I just can't envision myself, you know, the big straw hat and Hawaiian shirt, sitting on some beach," he said. "Particularly since I quit drinking." So what options beckon a President who is relatively young, healthy and unloved by more of his fellow citizens upon leaving office than any other...