Word: dollarization
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...Most of Asia is now facing currency headwinds. That's because the region continues to tie its fate to the U.S. dollar. After nearly three years of declines from early 2002 to late 2004, the greenback rebounded in 2005. Many of Asia's dollar-linked currencies have followed suit?especially those of China, Korea, Thailand, Malaysia, Singapore and India. The Japanese yen has been a striking exception, having weakened 14% against the dollar since early...
That new populist bravado, which Chávez has backed up with a multibillion- dollar social-spending program at home, has spread to South American countries like Bolivia, where two Presidents have resigned in less than two years after raucous protests calling for the nationalization of vast, newly discovered natural-gas reserves. Says Amy Myers Jaffe, an analyst at the Baker Institute for Public Policy in Houston: "Chávez has seemingly become a leader who can galvanize antiglobalization agendas anywhere...
...serve one of a number of political causes completely unrelated to the spirit of the Gift itself, even though there were many other avenues by which these divergent political beliefs could have been expressed. One part of the outcome of all this was a Senior Gift with the lowest dollar total since 1998. This must not happen again for the Class...
...shift are set to receive an extra 50 cents per hour, Snegroff said. While janitors currently receive the same pay regardless of shift, the union had originally aimed for 7 percent higher wages for those working the late-night shift, which would have amounted to just under an extra dollar per hour...
...Enrichment has subsidized tickets for over 3,400 Cambridge Public School students spanning grades K-12 to attend theatrical performances, cultural events and museum exhibitions. “Every year I’ve been a part of the Hasty Pudding Theatricals, we’ve raised thousands of dollars for students to get an education in the arts,†said Theatricals Vice President Peter A. Dodd ’06. “At the end of every show, two dress-clad actors stand in the back of the theater holding out wigs and asking for money...