Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...spoke dryly of free-trade agreements and strengthening economic ties with the region. But then he started talking about art exhibitions, jazz bands, museums and alfresco dining. In fact, eating outdoors was mentioned no fewer than three times as Lee laid out the government's vision for a multibillion-dollar residential and commercial real estate project located near the downtown core. The Marina Bay development would transform the way people live and work in Singapore, the Minister Mentor said. Electric golf buggies will whiz by diners as they gaze from the water's edge upon the "sailing, boating, windsurfing...
...while casinos and other amusements will dot the city. Even sleepy Sentosa Island, a 500-hectare tourist hangout located 15 minutes from the city center, is slated for overhaul via a 10-year, $5 billion plan to turn it into a world-class playground for the wealthy, with multimillion-dollar seafront homes, a megayacht marina and a Universal Studios theme park. The point of this real estate renaissance: change Singapore's image as a prosperous but rather dull commercial hub into that of a vibrant, fun destination-a place people will want to live in or at least visit...
...course, to deal with a country whose trade accounts get seriously out of whack with the rest of the world: currencies adjust in value against each other. China, with its surpluses, should see the renminbi go up over time, while the U.S. (with its enormous deficits) should see the dollar decline. But China has defied this system by clinging to a more or less fixed exchange rate. It has, after all, served the country well: the cheap RMB has encouraged the development of China's export-led industries, and attracted foreign capital to build factories. As long as the currency...
...There is little sign that things will change. On May 18, in advance of the talks in Washington, China announced a token increase in the range in which it will allow the RMB to trade against the dollar. Beijing also raised interest rates and increased the amount of capital banks need to keep in reserve - both moves intended to slow China's breakneck economy. On Monday, Beijing also announced it was taking a 10 percent stake in the Blackstone Group, the big U.S. private equity firm that is about to go public on the New York Stock exchange, indicating that...
...practice of hooding captives. But he refused to entirely rule out the use of other tactics, like sleep deprivation and "stress positions," if they were approved by a senior officer. A senior Pentagon official says Rumsfeld has taken a personal interest in coming up with a dollar figure to compensate Iraqis who have been wronged. Abizaid tells TIME that he thinks the outrage will fade as the U.S. demonstrates its willingness to take action against the perpetrators. "Our openness about it," he says, "is a lesson about the rule of law." As the President told Arab interviewers, "A dictator wouldn...