Word: dollarization
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...Instead, the Bush Administration may finally realize that it's smarter to beat Chavez at his own game. That means rather than building multibillion-dollar fences against Mexican migrants, forcing the drug war on Bolivian coca farmers or hard-selling free-trade pacts to Nicaraguan street vendors who aren't likely to see their benefits, the U.S. is sending signals that it's ready to embrace the kind of policies that matter to Latin voters. Bush himself made a surprise phone call this month to Washington's bitter cold war enemy, Daniel Ortega of Nicaragua, to congratulate him on winning...
...past 30 years to finally get an Oscar. Five times nominated for Best Director but never a winner, Scorsese has lost three times to first-time directors (Robert Redford, Kevin Costner and Rob Marshall), once to Barry Levinson (Barry Levinson!) and once, two years ago, to Clint, when Million Dollar Baby snuck in and stole The Aviator's thunder. And its Oscars...
Eight years after a multi-billion-dollar master settlement between tobacco companies and 46 states on the health problems linked to smoking, cigarettes now have more nicotine—the substance that makes them addictive. Tobacco companies have raised nicotine levels in cigarettes by 11 percent—about 1.6 percent per year—between 1998 and 2005, researchers at the Harvard School of Public Health (HSPH) confirmed on Thursday. The findings were first reported by the Massachusetts Department of Public Health and later turned over to researchers at the Harvard School of Public Health for independent analysis...
EUROPE: HOLD ON It's the euro that has so far borne the brunt of the dollar's decline: it rose about 10% last year against the greenback. A stronger currency makes European exports more expensive for foreign buyers. But that hasn't prevented Germany from notching up its biggest trade surplus since the fall of the Berlin Wall 16 years ago. The good news is that buoyant exports have boosted business confidence in Europe's biggest economy and led to an unexpectedly strong increase in domestic demand. German companies appear to be hiring again: in December the number...
...HHMI created the “million-dollar professor” program, in which 20 leading researchers received $1 million over four years to bring the creativity they had shown in the lab to the undergraduate classroom...