Word: dollarization
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...model in the U.S. Unlike BMW or Mercedes-Benz, VW can't charge the rich prices necessary to offset the cost of exporting from Germany. And unlike its German rivals, VW doesn't make cars in the U.S.--its one American plant shut in 1988--a problem given the dollar's slump versus the euro...
...So—sorry—there will be beer in there, right?” one asked anxiously, before proffering his one-dollar entrance fee. Having received an appropriate response and the green bracelet signifying his eligibility to ascertain just how much beer there was, he turned to the rest of the line...
...success of microfinance, however, requires fighting against entrenched orthodoxy. Startup support for a microfinance institution often comes from partnerships with larger banks. These corporations are accustomed to multi-billion dollar deals and must develop confidence in the accumulation of small successes that lie at the heart of microfinance. Additional support requires donors like the Gates Foundation to be convinced that a money-making solution will be effective in alleviating poverty. And the clients must be persuaded to trust a financial services system that has long excluded them...
...jinghu, only breaking his concentration to go to the bathroom or to wash his calloused hands with bottled water. It’s an intense focus that leads some to erroneously conclude that he is blind. He doesn’t even look up when a toddler puts a dollar bill in the empty Kleenex box he keeps on the ground.Most pedestrians rush by, but a few tourists congregate beside him, listening.“I don’t like the sound of it. It’s very freaky,” says Eduardo B. Alonso, a visitor...
...Newbury). Perry’s work is bright, candied, and full of three-dimensional elements such as a field of pink foam cones jutting from the canvas. An odd combination of Richard Hamilton—the early Pop artist—and Chris Ofili, whose million dollar installation in the Tate London has been creating a stir, Perry is one of the most adventurous artists on display.Unfortunately for Beth Swanström, the owner of the gallery, it is often difficult to find an audience for such art in Boston; thus, she is relocating to New York. Other gallery managers...