Word: dollarization
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...that reservation may have had something to do with Karzai's two Vice Presidents also being sworn in, Mohammad Qasim Fahim and Karim Khalili. Both have been accused by Afghan civil-society groups of egregious human-rights abuses, and one has been closely linked to Afghanistan's multibillion-dollar drug trade. In the audience was Karzai's close supporter, former warlord General Abdul Rashid Dostum, who has been accused of massacring thousands of Taliban prisoners in 2001, soon after the U.S.'s arrival. Even if Karzai is committed to cracking down on corruption and strengthening the rule...
That doesn't keep drugmakers from trying to develop a treatment, seduced by the prospect of a multibillion-dollar blockbuster that could be even bigger than Viagra and its competitors combined. At a European conference for sexual medicine on Monday, a German pharmaceutical company presented results from a pivotal phase III clinical trial in North America and announced that it had found a drug that works. "We saw an increase in sexually satisfying events, an increase in desire and a decrease in distress. When we look at this against a backdrop of a common and distressing problem that affects...
...flip side, if the beaten-down U.S. dollar boosts demand for domestic products from overseas buyers, many small businesses won't be able to take advantage of it. "Your ability to meet that demand depends upon your access to credit," says Joseph Brusuelas, a director and senior economist at Moody's Economy.com...
...work for someone, so giving me a $5,000 tax credit to hire someone and pay them $40,000 a year with health benefits and vacation, that's $60-grand. Do the math," he says. Brennan would prefer the government offer a tax credit or tax cut for every dollar that small businesses spend on health care for their employees. (Read "How to Know When the Economy Is Turning...
...license. He also agreed to pay Wayne County, Michigan, which includes Detroit, a restitution of nearly $1 million. So far, Kilpatrick has paid about $90,000 of that sum. But despite having a $120,000-a-year job in Dallas with a subsidiary of Compuware, the billion-dollar software company based in Detroit, Kilpatrick now claims he cannot afford to meet the payment terms of his probation agreement. (Never mind his family's rented suburban mansion and flashy cars.) (See the top 10 scandals...