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Word: dollarization (lookup in dictionary) (lookup stats)
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...every airline aircraft in U.S. skies there are now two corporate aircraft - that's 18,000 planes, up from 1,800 in 1970. Jeff Roberts, group president of CAE, a billion-dollar aviation simulation and training company, says that the past four years brought a 40% increase in the deliveries of business aircraft worldwide. The FAA forecasts that at least 9,000 new corporate jets will be delivered over the next decade, adding 10% more annual flying time compared with 3% for commercial jets. That provides an estimated $227 billion to corporate jet manufacturers, such as Bombardier, Embraer and Dassault...

Author: /time Magazine | Title: A Dogfight Over Private Jets | 6/13/2007 | See Source »

...when the subject turned to economics, Reagan blundered. After speaking in favor of stable monetary exchange rates, the President offhandedly observed that nonetheless "there could still be some lowering of the ((U.S. dollar's)) value." Money traders interpreted that as a renewed attempt to talk the dollar down in order to reduce the U.S. trade deficit, and the greenback promptly sank. White House Spokesman Marlin Fitzwater issued two clarifications asserting that the President wanted the dollar to stabilize. Reagan will have to do better than that at a summit with Gorbachev, lest the Soviet leader steal all the credit...

Author: /time Magazine | Title: Back To the Berlin Wall | 6/12/2007 | See Source »

...another points out in a later scene, "each teardrop is worth a dollar." Servants of globalization, these indomitable women enrich the lives of countless others. Thelma, though, will never resign herself to being "just a helper." Sparkling and confident on stage, she declares toward the end of the performance that "Hong Kong is just a stepping-stone. We must use it to power our passion." The play's significant proceeds will go toward constructing fully equipped reading corners for children in Ballesteros, something Unite yearned for when growing up. Her dreams are no longer just beautiful - they're real...

Author: /time Magazine | Title: Unite, a Worker of the World | 6/11/2007 | See Source »

...this agricultural town of 3,400, where Colorado's greenest acres gently slope into Kansas and Nebraska, is placing itself smack in the middle of the global energy game. Farmers are plowing their fields, planting corn and feeding cattle while work continues on the first of two multimillion-dollar corn-ethanol plants that could transform Yuma into one of the more vibrant alternative-fuel production centers in the Western U.S. The timing couldn't be better, with gasoline prices well over $3 per gal. as the summer driving season begins. But the choice of corn-based ethanol is one that...

Author: /time Magazine | Title: Corn-Powered in Yuma | 6/7/2007 | See Source »

...hard to get a fix on just what the 80,000 protesters who descended on the G-8 summit here in northern Germany this week actually want. Plodding through a field towards the 7.2 mile, multimillion-dollar fence designed to keep him and his unkempt peers out, Channing Jones, a 40-year-old American freelance programmer, said Wednesday his purpose was to get governments to "help the common people." Earlier in the day, the art group Dropping Knowledge had released a huge floating sculpture of a baby into the River Warnow, in a less-than-self-explanatory attempt to show...

Author: /time Magazine | Title: Does the G-8 Summit Have a Point? | 6/7/2007 | See Source »

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