Word: dollarization
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...packaged it in colorful plastic bottles. Although it's copiously drunk by Singaporean government ministers, often at media-saturated events like the country's National Day celebrations, brands like Evian and Perrier have little to fear. Singapore's officials are more interested in making a point than a dollar, the point being that water is a valuable, renewable resource...
...biggest public-policy initiatives in decades. The creamy notions of postpartisan cooperation - poured abundantly over Obama's presidential campaign a year ago - have curdled into suspicion and feelings of helplessness. Trust is a toxic asset, sitting valueless on the national books. Good faith is trading at pennies on the dollar. The old American mind-set that Richard Hofstadter famously called "the paranoid style" - the sense that Masons or the railroads or the Pope or the guys in black helicopters are in league to destroy the country - is aflame again, fanned from both right and left. Between the liberal fantasies about...
...economy. And there are ancillary industries feeding on the success of Beck and others like him. Both left- and right-wing not-for-profit groups operate as self-anointed media watchdogs, and one of the largest of these - the liberal group Media Matters for America - has a multimillion-dollar budget. Staff members monitor Beck's every public utterance, poised to cherry-pick the most inflammatory sentences. (Conservative outfits do the same for the likes of MSNBC's Keith Olbermann.) These nuggets are used in turn to rev up donations to political parties and drive ratings for the endless rounds...
...example, Employer A, who does not offer health coverage, has 100 employees, 30 of whom receive a tax credit for enrolling in a state exchange offered plan. If the flat dollar amount set by the Secretary of HHS for that year is $3,000, Employer A should owe $90,000. Since the maximum amount an employer must pay per year is limited to $400 multiplied by the total number of employees (for Employer A, 100), however, Employer A must pay only $40,000 (the lesser of the $40,000 maximum and the $90,000 calculated...
...simple answer is that we are spending more this year from the endowment, more than we ever have previously, to smooth the transition to this new normal. But if we want Harvard to remain Harvard, we cannot do that for long, for every dollar of endowment we spend is a dollar that cannot generate income in the future...