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Word: dollarization (lookup in dictionary) (lookup stats)
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...reason to fund bloated federal bureaucracies to pursue tax scofflaws. Every person would pay 23% on every new car, suit, pair of shoes, radio and home. In return, individuals and companies would pay no income tax. With no disincentives for earning more, investment would boom. The stronger dollar would also deflate the price of oil, killing two birds with one stone. John P. Kuchta Jr., Virginia Beach...

Author: /time Magazine | Title: Inbox | 6/12/2008 | See Source »

...Export Re Justin Fox's "a port that exports": you don't wipe away an $800 billion annual trade deficit by further weakening the dollar, exporting raw materials and wishing for good luck [June 9]. It takes real change in trade policy - labor and environmental standards that will raise living standards at home and abroad, better guarantees for safe food and toy imports, and no more NAFTAs and other corporate trade deals. We need more trade - but under a very different set of rules that work for our families and our communities. Sherrod Brown, U.S. Senator, Avon, Ohio...

Author: /time Magazine | Title: Inbox | 6/12/2008 | See Source »

...score 36 seconds into the match when German keeper Jens Lehman bundled into his own defender as he pushed out a cross that rolled invitingly in the box. But Jacek Krzynówek launched one over the bar. From then on, the Poles were weaker than the U.S. dollar. The Germans pounded them, linking pass after pass after pass in a beautiful display of ball control. It was almost over in four minutes, when Miraslav Klose and Mario Gomez broke unmolested toward the Polish goal only for Gomez to fluff Klose's slightly overhit pass. Lucas Poldolski didn't miss...

Author: /time Magazine | Title: First Blood Drawn at Euro2008 | 6/11/2008 | See Source »

...reason to fund bloated federal bureaucracies to pursue tax scofflaws. Every person would pay 23% on every new car, suit, pair of shoes, radio or home. In return, individuals and companies would pay no income tax. With no disincentives to earning more, investment would boom. The stronger dollar would also deflate the price of oil, killing two birds with one stone. John P. Kuchta Jr., VIRGINIA BEACH...

Author: /time Magazine | Title: How Will China Respond? | 6/11/2008 | See Source »

...Four-dollar-a-gallon of gasoline only reflects $100 oil because the refiners' margins are squeezed," he said. "At $300, you have $12 a gallon of gasoline and riots in Newark, Los Angeles, Harlem, Oakland, Cleveland, Detroit, Dallas...

Author: /time Magazine | Title: How Iran Has Bush Over a Barrel | 6/11/2008 | See Source »

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