Word: dollarization
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...Speaking of court, I was called for jury duty this week. Waiting in the jury room to learn whether I would be required to serve, I picked up a discarded copy of the recently redesigned, somewhat smaller Wall Street Journal. The bible of high-dollar Babbitry is not something I usually read. What I wanted to do was try to make a hat out of it. I wondered whether the Journal's narrower new page is deficient in the same way as the similarly trimmed Atlanta Journal-Constitution's. For generations, the men who print the J-Cwould fold...
...want to be making a paper hat in a jury pool, so I read the WSJ. The new format was inviting. I learned that the dollar needs to get weaker so it won't suddenly collapse and that there is such a thing as investing in orange juice futures. Then we were called up to the courtroom. A not-guilty-looking young woman stood accused of selling cocaine. The law was going to have a hard time convincing me to send that little girl up the river...
...users to turn a profit. San Francisco made a splash when EarthLink partnered with Internet ad king Google for gratis services, but they're still debating what will be free, and this model is far from proven. "Relying solely on ads is a misplaced dream to fund a multimillion-dollar network," says Craig Settles, author of Fighting the Good Fight for Municipal Wireless. MobilePro Corp. pulled out of its Sacramento, Calif., deal when the city insisted that the company offer a free service, believing ads wouldn't generate enough money. But Annapolis Wireless Internet says switching to a free model...
...cloudless afternoon early last fall, Honda CEO Takeo Fukui stood by his company's test track outside Tokyo and watched a group of journalists take the company's environmental future for a spin. After test-driving Honda's multimillion-dollar hydrogen-fuel-cell concept car--very, very carefully--I sat down with Fukui to talk about his company's big bet on clean automobiles. As a young engineer in 1972, Fukui designed the first engine capable of meeting the 1970 Clean Air Act's emission standards without a costly catalytic converter, making Honda one of the first car companies...
...Unfortunately, it's hard to feel sorry for Miami, just as it's hard to shed tears for any community that indulges the cynical, multimillion-dollar whims of professional sports the way Americans do. When I moved here eight years ago, my mortgage broker spent less time explaining 30-year fixed rates than he did showing me all the autographed pictures of his Dolphin player clients - and his customer appreciation gift was a certificate to the steakhouse of legendary Dolphin coach Don Shula, where you order off menus inscribed on footballs. That kind of blind fan ardor lets franchises like...