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Word: dollarization (lookup in dictionary) (lookup stats)
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...cost the U.S. taxpayers $1 trillion - and counting - is unlikely to spread much Christmas cheer in these tough economic times. A trio of recent reports - none by the Bush Administration - suggests that sometime early in the Obama presidency, spending on the wars started since 9/11 will pass the trillion-dollar mark. Even after adjusting for inflation, that's four times more than America spent fighting World War I, and more than 10 times the cost of 1991's Persian Gulf War (90% of which was paid for by U.S. allies). The war on terrorism looks set to surpass the costs...

Author: /time Magazine | Title: The $1 Trillion Bill for Bush's War on Terror | 12/26/2008 | See Source »

...fortnight, and then it went up to $400," he explains. "The money was deposited at the local Elektra [a chain store that provides low-cost banking]". His modest wage shows how many cartel foot soldiers such as Cobo live a world apart from the extravagant kingpins with their million-dollar mansions and fleets of luxury cars, but it was still five times the country's minimum wage. And it's the swelling of the narco armies with tens of thousands of low-paid recruits that helps explain the scale of the bloodshed here, with more than 5,300 drug-related...

Author: /time Magazine | Title: Confessions of a Mexican Narco Foot-Soldier | 12/26/2008 | See Source »

India has been trying to build toward 10 million foreign tourist visits in 2010, the year New Delhi hosts the Commonwealth Games. It is an ambitious goal: this year's statistic is just about half that. The 'Incredible India' campaign, launched in 2002, has spent millions of dollar advertising India as a land of great diversity, offering beaches and ski slopes, teeming with man-made and natural wonders. Last year foreign tourists spent over $10 billion in the country. But since last month's attacks, in which foreigners were among the more than 180 people killed, about a dozen countries...

Author: /time Magazine | Title: After Mumbai, India's Hotels Brace for a Sharp Downturn | 12/20/2008 | See Source »

...feeding of the right is a way to build cover for a progressive agenda. That may be true. Obama has enunciated some liberal foreign and domestic policy ideas, such as open-ended high-level talks with Iran, a rapid combat troop pull-out from Iraq and a possibly trillion dollar stimulus plan for the flagging economy: if he plans to roll them out soon, he might hope that one or two of his putative "advisers" will support him, or at least hold off on their attacks, because of his outreach...

Author: /time Magazine | Title: What's Behind Obama's Rightward Outreach? | 12/19/2008 | See Source »

...Snow Bunnies. The Equinox Resort in Vermont, which just completed a multimillion-dollar renovation, is offering a "Cloud 999" package: Book a three-night stay for $999 and, when you're done schussing down the nearby slopes, you can indulge in $999 in spa treatments. If you want to spend a bit more, book the "1769" package; pay $1,769 and get two nights in the Orvis Inn Suite, a facial for two, and a spa day for two, as well as complimentary breakfast. Both offers are good through Dec. 23 and from Jan. 5 to April...

Author: /time Magazine | Title: Travel News: 10 Hotel Deals You Can't Afford to Miss | 12/19/2008 | See Source »

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