Word: dollarization
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Declining faith in the dollar also helps to explain the surge in prices of a host of commodities - a classic hedge against currency instability. This includes the spike in oil, which has been further boosted by soaring demand, political turmoil in the Middle East and rampant speculation by trend-following investors. "Four times in the last 40 years we've had major disruptions in global oil supplies coming from geopolitical events in the Middle East," says Lewis Alexander, chief economist at Citi. "If you were to see one of those scenarios play out, that would be a big additional shock...
...White Party: You can’t fund the entire thing, but the UC will pay for small compact mirrors, razor blades, dollar bills, and your dues for the Hasty Pudding Club...
...Make it Rain: Get your money in dollar bills, and throw them up to make it rain! Alternatively, pay someone to seed the clouds and make it rain on YardFest again. Take that, College sponsored...
...Columbia don’t find the band very funny. In fact, Columbia’s athletic department found them so unacceptable, it prohibited HUB from reading its halftime script at the game on November 3. The band planned to call Columbia out on their new, 100-million-dollar athletics campaign. The crew was to quip that with all that money, the school could buy real lion mascots. As if that wasn’t enough, they added that other departments might have to use drastic methods to get dough—such as the Statistics department playing the lottery...
...Economic Forum in Davos, Switzerland, late last month, the perspectives varied according to geography. "The U.S. economy is on steroids," said a worried Pascal Blanque, chief economist at the French bank Credit Agricole. Blanque fears an America bulking up on dangerous deficits, a lax monetary policy and the falling dollar. "The European economy is on tranquilizers," retorted Laura D'Andrea Tyson, dean of the London Business School and former chair of the Council of Economic Advisers in the Clinton Administration. She argues that Europe is both too complacent about its weak growth and strong common currency, and too slow...