Word: dollarization
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...Leverage was the mother's milk of Wall Street - and of Main Street - for the past 20 years. Leverage meant debt, specifically the number of dollars you could borrow for every dollar of wealth you had. It meant borrowing other people's money to invest in something you wanted to invest in, or to buy something you wanted to buy. On Wall Street, debt funded investments in pretty much everything a financial firm could bet on, including the toxic mortgage-backed securities that led the way into this crisis. On Main Street, it meant borrowing to buy a house...
...Eastwood has always been a prolific auteur, and never more so than in his twilight years. Since turning 70 in 2000, he's released eight films as a director, including the Oscar-winning Million Dollar Baby and a feature-length documentary, Piano Blues. On Christmas Day there'll be another movie, Gran Torino, which he stars in as well as directing. He couldn't do this if he didn't work fast (and relatively cheap). Screenwriters love him; if he likes a script, he shoots it without demanding a million rewrites. Actors love him too; if he likes Take...
...donating to smaller NGOs, we felt dollar-for-dollar that we were making a greater impact than if we were donating to larger, more established organizations like the Red Cross,” says Tanjeloff, the 2007 director...
...Instead of full reimbursement, the hospital system now receives 60 to 70 cents for each dollar of uncompensated medical service provided, according to its chief financial officer Gordon H. Boudrow...
California's fight over the initiative to ban gay marriage (popularly called Prop. 8) has attracted its share of million-dollar donors. The big contributors in the fight to approve Prop. 8 include the Knights of Columbus ($1 million); the National Organization for Marriage ($500,000); Dr. John Templeton, the son of the philanthropist Sir John Templeton ($450,000); and Focus on the Family ($500,000). Fighting against approval of Prop. 8 are celebrities like Steven Spielberg and his wife Kate Capshaw ($50,000 each), as well as former GOP U.S. Senate candidate Michael Huffington ($100,000); Robert Haas, chairman...