Word: dollarization
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...entirely different question. Much of a hurricane's destructive power comes not from winds or rain but from the bulge of seawater it pushes ahead of it and crashes into shore. If sea level rises, these so-called storm surges become more damaging. In order to put a dollar figure on how much more damaging, a group of scientists looked at climate models, hurricane databases and so-called catastrophe models that evaluate the potential destruction of storms in specific places. Then the researchers wove the information together to project what hurricane-driven storm surges might cost Americans 20 years from...
...part of that pivot, then, is to say, "How are we going to make sure that we squeeze every ounce of value out of every dollar that we spend?" We began that process with Pentagon reform. And the victories that [Secretary of Defense Robert] Gates helped win are ones that this town completely discounted when we started. We are scrubbing the budget once again to make sure that every program that we're funding actually has some justification - it actually works. Yesterday we had a whole bunch of CEOs and innovators here to talk about modernization of government. The infrastructure...
...Obama's Inauguration was an ominous sign for Democrats for the midterm elections ahead and a potentially crippling blow to Obama's entire agenda. Brown ran explicitly on a promise to be the "41st Senator," who would give the Republicans the power to block what he called "the trillion-dollar health care bill that is being forced on the American people," one that will "raise taxes, hurt Medicare, destroy jobs and run our nation deeper into debt...
...thankfully there has also been wonderful preservation. Last year, Palm Springs' Riviera Hotel, psriviera.com, once the retreat of Sinatra's Rat Pack and other stars, reopened after a stunning multimillion-dollar renovation. The Ace Hotel, acehotel.com, an energetically revamped motel, also reopened in 2009 and has become one of Palm Springs' trendier hangouts. If chilling out by its poolside on Sunday afternoons to the sounds of a DJ counts as architectural tourism, you can be sure the pastime will have plenty of takers...
Problem is, a lawyer earning less than $200,000 a year can't afford all that unless he's, say, running a billion-dollar Ponzi scheme. And that's exactly the crime that Rothstein, 47, has told a judge he'll plead guilty to later this month. Federal prosecutors have charged Rothstein with swindling investors out of $1.2 billion over the past decade, a scam in which he got them to plow money into lucrative, securitized lawsuit settlements that usually turned out to be nonexistent. The alleged crime wasn't as massive as New York City financier Bernard Madoff...