Word: dollarization
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...last Thursday in November (for years like this, with an extra one) to the fourth, to give retailers an edge. They'll need it this time around, as darkened Broadway theaters and striking Hollywood writers dampen the holiday spirit, toys have gotten scary, gas prices trudge ever upward, the dollar slips ever lower, and the credit crisis makes people feel poorer even if they aren't in foreclosure. One marketing firm predicts a "blue Christmas," citing slumping sales of tinsel as a leading indicator; 27% of shoppers say they'll be spending less this year...
...position. The day before, Friends of the Earth Action, which has endorsed Edwards, started running a radio ad in Iowa praising Edwards for his "courageous stand against the bill" and urging voters to "call Senator Clinton and tell her we've had enough of corporate polluters and billion-dollar giveaways. Tell her it's time to fix or ditch Lieberman-Warner...
...sake market by volume. Imports have risen from 10% to 15% a year for the past decade, and import volume in 2007 will be nearly twice what it was in 2002. Over the past five years, the average import cost of a liter has risen 30%, and the dollar value per case has tripled, to about $70, roughly $18 a bottle. "America is ultimately the market," says William Giles of Honolulu-based World Sake Imports. "America will influence the direction and variation in sake as it goes forward." Some importers expect the value of sake imports to double again...
Whang, whose parents operated a large grocery store on Long Island and a small chain of bodegas in Manhattan, cut his teeth in the business working for a dollar...
...what the party's name would be. What's more clear: the man once considered one of Europe's most revolutionary, if problematic, politicians (and a precious ally for U.S. President George W. Bush) is teetering on the edge of irrelevance. Indeed, it increasingly appears that his multi-billion dollar fortune, which includes ownership of the three biggest private TV channels and numerous publishing holdings, are all that keep him at the center of debate. Eighteen months after narrowly losing his re-election bid to the more conventional Romano Prodi, Berlusconi has not been able to rally enough support among...