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Word: dollarization (lookup in dictionary) (lookup stats)
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...after the Musharraf government’s post-9/11 about-face, the American government resumed deliveries of the fighter jet. While we support a strong Pakistan that can fight terrorism, we wonder why a country that is unable to secure its own borders needs a multi-million-dollar fighter aircraft...

Author: By The Crimson Staff | Title: Stepping Back from the Brink | 4/28/2009 | See Source »

...economic numbers could hardly appear more horrible for Singapore. Non-oil exports plummeted by 11% in March from the previous year, following even steeper falls the preceding two months. Since its 2008 peak the Singapore dollar has lost more than a tenth of its value against the U.S. dollar, making it one of the worst performing currencies in Asia so far this year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink...

Author: /time Magazine | Title: Riding Out the Economic Storm in Singapore | 4/28/2009 | See Source »

...From the volatility of global travel, investors sought the calm of safe havens. Both the dollar and the Japanese yen rose against major currencies. Defensive stocks, such as pharmaceuticals, registered healthy gains. Shares in Roche, the Swiss maker of Tamiflu, an antiviral drug effective against swine flu, had climbed almost 6% by Monday afternoon. Rival GlaxoSmithKline, which makes the influenza treatment Relenza, saw its shares rise even higher. (Read: "Swine Flu: 5 Things You Need to Know About the Outbreak...

Author: /time Magazine | Title: Swine Flu Virus Infects World Stock Markets | 4/27/2009 | See Source »

...there were 10 family-owned spinning plants in Kings Mountain and hundreds of textile mills across the Carolinas, employing hundreds of thousands of people. You know how that story went. Patrick Yarns is the only family-owned spinning plant still standing in the small mill town, and billion-dollar corporations like Springs and Pillowtex have either moved their manufacturing overseas or vanished. The bigger picture is even worse. According to the U.S. Labor Department, the country lost more than 4 million manufacturing jobs from 2000 to 2008, a number that is likely to rise when the damage from this recession...

Author: /time Magazine | Title: Spinning a New Strategy | 4/27/2009 | See Source »

Final Clubs: 1. Eight endowed all-male clubs, housed in their own multi-million dollar mansions. 2. The center of some students’ social lives (mostly female first-years’), they are viewed disapprovingly by College administrators and women’s groups alike. 3. Bastions of socioeconomic elitism. 4. Generally overrated. 5. Prefrosh. Where you won’t get in, if you’re a male, and where you should avoid, if you’re a female...

Author: By Michelle L. Quach | Title: Harvardisms, Prefrosh Weekend Edition | 4/26/2009 | See Source »

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