Word: dollarization
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...college,” Hughes said. “But it’s huge at this point. It’s a very real business with lots of employees. Mark went from being a Harvard student programming in his dorm room to CEO of a multimillion-dollar corporation...
...cause of much friction between Beijing and Washington. Another touchy area is that of China’s currency. Many U.S. trade groups accuse China of keeping the yuan artificially cheap to bolster exports. The yuan was revalued in July from a direct 8.28 peg to the U.S. dollar to an approximately 8.11 managed float, but the 2.1 percent revaluation is still far below the 10 percent wanted by Washington. These issues have all strained Sino-U.S. relations in the past few months, and that’s not even to mention North Korea talks or the perpetual Taiwan...
...Students Taking on Poverty (STOP) Campaign hopes to raise funds for two charities and for victims of Hurricane Katrina, through efforts including a Kuumba benefit concert in mid-October and the sale of three-dollar wristbands embedded with the words “Make Poverty History...
...addition to wristband sales and the Kuumba concert, STOP also plans to raise money through a dollar-a-day campaign, which will encourage students to donate one dollar every day to STOP during the month of October. Organizers also hope to add a link to the Harvard University Dining Services website, through which students will be able to donate Crimson Cash...
...place in your portfolio for energy. Just that there's no rush to buy at this point. In the long term, demand from China and relatively sparse world production capability will keep oil prices moving up. But wait for at least a 10% dip in share prices before dollar-cost-averaging into the traditional energy sector. And be warned that prices could fall a lot farther than 10% if the world economy weakens. Which wouldn't be a bad thing, for consumers or investors. The next global slowdown will be the time to back up the truck and load...