Word: dollarize
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Dates: during 2000-2009
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...decline of selected financial firms’ stocks, known in finance as “short-selling,” is now banned in the United States and Britain. According to South China Morning Post, Chinese banks were recently told to suspend lending to U.S. financial institutions. The weak dollar caused import prices to surge by 20 percent from last year, which should have helped local enterprises; it has provided an advantage to some businesses but it also increased prices for most American consumers...
...future risks for China, most analysts believe, are tied more to the second-order effects - the global macroeconomic fallout from the crisis - than to the subprime credit crunch itself. "China's exposure comes from its concentrated bet on the dollar and the risk that the U.S. policy response to a slowing economy and investors' aversion to U.S. debt will combine to put pressure on the dollar going forward," says Brad Setser, a former U.S. Treasury Department official now at the Council on Foreign Relations. That would mean further upward pressure on China's currency, the renminbi, at a time when...
...hour each way, to help her mother care for her father, who has Parkinson's disease. Even with a paid internship, Makolin says, it's tough to pay for ever-pricier food on top of an increasingly expensive commute as well as her own housing and utilities bills. "My dollar box of mac and cheese isn't a dollar anymore," she says. Like many food bank patrons, Makolin says the food bank has enabled her to stay in school...
...adding a few American originals. But their new characters don't measure up, and the original British ones - like Lucas as thick-accented juvenile delinquent Vicky Pollard - are so culturally specific that they translate to being plopped inexplicably into American settings here like spotted dick on a McDonald's dollar menu. (Except that spotted dick is funnier...
...Harvard students still paying tuition when Harvard is seeing multibillion-dollar returns on its endowment?” asks the Facebook group page for Edward “Ned” L. Monahan ’12. The Facebook platform for Seth A. Pearce ’12 proposes “Student oversight on Harvard’s investments and shareholder votes,” as well as “supporting not only students, but also Harvard employees, and the residents of Cambridge and Allston-Brighton...