Word: dollarization
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...expenses on gasoline amounted, on average, to only 3.8% of total household budget in 2006. Yet amid all the confusing data on the state of the U.S. economy, what we spend at the local service station is the most tangible way for consumers to measure the value of their dollar...
...with new ideas for furniture is tough, Singh admits, because he starts with scraps. Given the constantly changing nature of the raw materials, no more than 20 pieces can be made for each design. But this limitation is also an advantage-customers are willing to shell out top dollar for handmade designs they can be sure very few people have. "I want to celebrate life and the imperfections inherent in my raw materials," Singh says. "My designs therefore come out very edgy." He is currently preoccupied with figuring out how to turn other kinds of leftovers-such as fiberglass resin...
...Zealand All Blacks rugby team and a teenage golfing phenom named Tiger Woods. Wall Street was waiting to see what Nike would do to follow up Michael Jordan and the enormously successful Air Jordan line of footwear. When the company announced that it had signed a multiyear, multimillion-dollar deal with Woods, the reaction was swift--Nike stock fell 5%. Says Bob Wood, one of the officials in that room: "They thought we had overpaid...
...Another is the growing realization that money talks—in all languages. Private foundations can often avoid the bureaucratic mess that plagues public funds, and more effectively stomp out developing world maladies. Even NGOs extol the virtue of profit through microfinance. Social enterprises ensure that each dollar of goodwill can go further. For do-gooders and techies alike, entrepreneurship is almost a religious calling...
...histrionic skills. Franklin D. Roosevelt's appeal was heightened by the polio that crippled him in 1921. He developed the ability to make people forget his leg braces and feel at ease in his presence. Those who met him when he was President, or even saw his million-dollar smile at a distance or in a newsreel, felt heartened. Winston Churchill said being with him was like "opening a bottle of champagne." Good vibes are not in themselves solutions to problems. But at the nadir of the Depression and in the aftermath of Pearl Harbor, Roosevelt conveyed the sense that...