Word: dollarization
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...again at week's end. Far more certain are the critics who have begun maligning Greenspan's once unimpeachable record of low inflation, low unemployment and strong growth. In the view of that small but increasingly vocal group, the U.S.'s high consumer debt, low personal-savings rates, declining dollar and potential real estate bubble can all be laid at the feet of the Fed Chairman. And those ballooning budget deficits? They are partly the product of George W. Bush's 2001 tax cuts, which Greenspan all but endorsed...
...news is that progress is confined to less than half of the world’s population. More than a billion are trapped in unspeakable poverty, forced to survive on less than a dollar a day. The problem is particularly severe in sub-Saharan Africa. There, deadly diseases such as AIDS, tuberculosis, and malaria are on the rise. The quality of physical environments is in many instances on a path to ruin, reflecting unsustainable demands on soils, waters, and the biota imposed by peoples driven to survive in the present without the luxury of planning for the future...
...along with red tape and corruption, companies face political and government meddling, primarily in the form of a highly unpredictable tax-enforcement policy. The most battered victim to date is Yukos, the former Russian oil giant that is currently 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 is expected to deliver its verdict this week on Mikhail Khodorkovsky, the former Yukos chief executive and a major shareholder, who has stood trial on multiple charges of fraud and tax evasion...
...constraints, such as an uncooperative host government that would not allow troops to examine certain areas, as well as deficient funding, which has led to a lack of transportation and food for troops. Many African countries have 70 to 80 percent of their populations living on less than a dollar a day; while they may be willing to send troops, they cannot afford the five dollars a day required to clothe, house, feed and arm a soldier, especially one on a mission with no profit for the country. Thus, nations have donated troops, but they are ill-equipped. Some have...
...they attack aid workers, then aid groups, such as the British charity Save the Children, pull out and more civilians die. The AU troops protect the aid convoys and their camps. The AU’s presence alone deters militias from attacking. Therefore, for aid to be effective, every dollar given to a humanitarian agency must be matched with some money going to peacekeepers, without whom humanitarian relief is impossible...