Word: dollarization
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...rural roads the buses go through empty cow fields; one had a propeller plane in it, nothing else. Two women got on and sat behind me on the way to Baton Rogue, one with a boyfriend in jail, and asked us for money. “Got three dollars. Got a dollar? No? How ’bout a phone?” The man behind me riding through Texas, explaining the oil rigs and the horse corrals and the lines in the marshy grass that humans made for catching crawfish...
...years. Obama has even set a target - an overall price tag of $900 billion or less - that has put lawmakers in the position of tweaking and twisting every line of the health care bill so that it comes in under that amount. (Read "How to Understand a Trillion-Dollar Deficit...
...carbon cap. Although Obama called for comprehensive climate and energy legislation in his recent State of the Union address, there was one term he did not use: carbon cap. And in its proposed budget for fiscal year 2011, released on Monday, the White House did not name a specific dollar figure for revenue it expects from cap and trade. Last year's budget projected $79 billion in revenue from the auction of carbon credits...
...healthy dose of guarded capitalism is what America needs. Obama’s proposals, one of which is a $33 billion-dollar business tax credit, will shore up many failing small businesses in America’s heartland by providing a tax credit for each net hire by a small business. That, in addition to good labor incentivization practices, innovative ideas by talented workers, and moderate compensation packages for top executives and employees, promise to be the remedies for this ill economy. Unless middle-class Americans fight back against the excesses of Wall Street executives who make more...
...Defense Secretary William Lynn recently warned of its appeal to foes who are unable to match the U.S.'s conventional military might. An enemy country could deploy hackers to take down U.S. financial systems, communications and infrastructure, he suggested, at a cost far below that of building a trillion-dollar fleet of fifth-generation jet fighters. "Knowing this, many militaries are developing offensive cyber capabilities," Lynn said. "Some governments already have the capacity to disrupt elements of the U.S. information infrastructure." (On Tuesday, the nation's top intelligence official warned that cyber-enemies have "severely threatened" U.S. computer systems. "Malicious...