Word: dollarization
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...Federation of Hong Kong Industries. To lay people off, "you need to pay a huge amount in compensation." Nor is there any relief from surging raw-materials costs. And, slowly but surely, the renminbi, China's currency, continues to strengthen - it's now 12% higher versus the U.S. dollar than it was 18 months ago - making China's exports more expensive worldwide...
...your company started feeling the effects of the weakening American dollar or the Japanese yen? Jeffrey Spivock, MontrealNo, because the luxury market at this moment doesn't feel the recession. Hopefully we will not. But we are very aware of what's going on in the world, and we're taking steps to avoid [being affected...
...months following the enactment of Massachusetts’ health care reform act last year. Prior to the law, the CHA was reimbursed by the Commonwealth for the full cost of providing uncompensated services. But Boudrow said that the CHA is now only receiving 60 to 70 cents for each dollar of medical services that it provides. This reduction has had a significant financial impact on the Alliance in the past year because many low-income residents do not have health insurance despite the state’s efforts to require them to enroll in subsidized programs...
...given the uncertainty over the case for invasion, more academics could still have gone public with analysis about what might happen after Baghdad was won, said Linda J. Bilmes ’80, a lecturer at the Kennedy School and the author of “The Three Trillion Dollar War: The True Cost of the Iraq Conflict...
...major brokerage house, Bear Stearns, and cut U.S. interest rates 0.75 of a percentage point to try to keep America from slipping into recession. But in Japan, there's little central bank activity, despite the threat of recession, a sliding stock market, and the decline of the dollar to its lowest level against the yen in 13 years. "At this moment the situation is very bad and it will take time to settle a normal relationship between the LDP and the DPJ," says Iio, a professor of government. "The situation is critical for Prime Minister Fukuda...