Word: dollarization
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...BILLION-DOLLAR GAMER...
...policy unchanged, Trichet said the current rates were "appropriate" and "fully in line with what would be best to ... foster growth and job creation." The talk about Europe's dumping the euro, he added, was as ridiculous as contemplating the likelihood that Alaska, California or Florida might ditch the dollar...
...near collapse in 1998. But along with red tape and corruption, companies face government meddling, primarily in the form of a highly unpredictable tax-enforcement policy. The most battered victim is Yukos, the former Russian oil giant that is in its death throes after being hit with multibillion-dollar back-tax claims that its erstwhile owners say were part of a Kremlin campaign against them. A Moscow court last month sentenced Mikhail Khodorkovsky, the former Yukos chief executive and a major shareholder, to nine years in jail on charges of tax evasion and fraud...
...time maintaining quality. "They're not out of the woods yet," says J.D. Power's Parker. Dwindling profit margins are another problem. The average Hyundai car retails for 10% to 15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year Hyundai's earnings edged up a mere 2% while sales grew 10%. Lehman Bros. auto analyst Zayong Koo says, "They need to show a track record of good-quality cars in order for them to take...
...Bionics are no longer the preserve of the Six Million Dollar Man: soon the elderly or disabled may be able to walk, climb stairs and do housework with the help of a robotic suit, or exoskeleton. The "hybrid assistive limb," or HAL, is the brainchild of Professor Yoshiyuki Sankai of the University of Tsukuba, Japan. Inspired by Isaac Asimov's sci-fi novel I, Robot and Japanese manga comics, Sankai has produced a suit that weighs up to 22 kg and supports its own weight-and the wearer's-with a metal frame. When the wearer moves a major muscle...