Word: dollarization
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...Transcendental Meditation founder Maharishi Mahesh Yogi may have regretted the association. The maharishi brought TM--the practice of exploring consciousness through meditation and chanting--to the U.S. in 1959, and with the cachet of star followers like the Rolling Stones and Mia Farrow, it became a multimillion-dollar global business. But the gray-haired guru was said to have become uncomfortable with its drug-using, counterculture fan base. After the Fab Four's celebrated visit, the band and its guru famously split. The maharishi was believed...
...establishment in 2009—a $35.9 billion increase over his 2008 request. This yawning defense budget may seem a necessary evil in light of the ongoing wars in Afghanistan and Iraq, until we realize that the costs of these engagements are not factored into the proposed half-trillion dollar baseline budget. Bush has made a $70 billion supplemental request for his pet projects, bringing the total projected military budget for 2009 to a mind-numbing $585.4 billion (this excluding another $50.5 billion in appropriations to the Department of Homeland Security). Perhaps a comparison can draw into relief the scope...
Late last month, Harvard increased the dollar amount of benefits that will accompany the construction of its 589,000-square foot science complex from $21 million to nearly $24 million...
...there has been a recent mushrooming of coin designs after decades in which currency from pennies to dollars remained virtually unchanged. Now, after delivering its 50 state quarters, the U.S. mint is producing its presidential dollar coins (it started in 2007 with George Washington, and is chronological, with four per year), to be followed by an equal number of ten-dollar first spouse coins...
...enough for young Obama supporters to feel that they are part of something big and historic. "I am a believer that change can happen," says Patricia Griffin, 25, a student at St. Louis Community College. "So-called Washington experience has given us an unjustified war, an economy slipping, the dollar losing its value, health care impossible to afford. I'm telling my friends they can make a difference this time. They can vote...