Word: dollarization
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...shocked and appalled that Bernanke was named Person of the Year. In my opinion, he set up the devaluation of the U.S. dollar and rewarded bad behavior and business practices of corporations that should have been left to fail...
...President Obama's fault that our multibillion-dollar homeland-security apparatus is more Keystone Kops than 24 ... The Federal Government is (alas) a vast, ungovernable enterprise. And the bigger it gets, the less effective it will become ... [Still,] the President is in thrall to the illusion of a skilled, paternalistic government ... Could the new New Deal just get airplane safety right first...
...odor of crack. As the churchmen escorted Elizabeth to retrieve her clothes, I smiled and feigned ignorance of their intent. While Lombard and Elizabeth retrieved her possessions, I spoke to Jude alone. Short and muscular, with dark, patchy skin, Jude wore slim, brown corduroys and white Crocs with green dollar signs. Jude explained that he lured girls from Johannesburg, where many survive by "picking through garbage." Our conversation turned to soccer. I asked him if he was looking forward to the World Cup. "Yeah, this is good! Us people are going to make a lot of money then...
...Dark Knight ($533.3 million) and the all-time champ, Cameron's own Titanic ($600.7 million). In worldwide gross, Avatar is just as impressive: it made another $300 million or so this past week for a total of $1.3 billion. That vaulted it past three of the four other billion-dollar movies: The Dark Knight, the second episode of Pirates of the Caribbean and the conclusion to the Lord of the Rings trilogy are now in Avatar's dust. Again, only Titanic, at $1.8 billion, remains...
Although Schwarzenegger insists he will not raise taxes, in his speech, he requested $6.9 billion in aid from Washington. This would not be a bailout, he said, but a demand for fairness. "When President Clinton was in office, California got back 94 cents on the dollar from the Federal Government. Today, we only get 78 cents back. But in the meantime, Texas gets 94 cents, Pennsylvania gets $1.07," he said. "And guess what New Mexico gets? $2.03." Without the additional federal money, Schwarzenegger said, he will again propose the elimination of CalWorks, the state's welfare-to-work program...