Word: dollarize
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Dates: during 2000-2009
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...Aside from making money on each phone sold, Apple will also make money in other ways. While many applications, "if not most," as Apple's marketing boss Phil Schiller told me, will be free to consumers, others won't. Apple will take 30 cents out of every dollar developers make selling their wares at Apple's App Store. Likewise, the more people who buy iPhones, the more folks who will pay to download music and video-despite its power-hungry, high-speed performance, the 3G phone will allegedly give seven hours of video playback and 24 hours of good...
Spurred by the weak dollar and the strong euro, European travelers to the U.S. have been lapping up everything from Gap boxers to iPhones to luxury condos in Palm Beach, Fla. Now a top Italian real estate investor has nabbed one of the crowns of New York City property, a sale that echoes the Japanese purchase of Rockefeller Center in 1989. Valter Mainetti has confirmed to TIME that his company, the Sorgente Group, has acquired a majority share in Manhattan's historic Flatiron Building...
...curb inflation." So far, Hanoi has moved to cool the economy by requiring banks to increase their reserves; the central bank has also raised interest rates to 12%. But inflation is being made worse by Vietnam's weakening national currency. The Vietnamese dong has fallen roughly 1.5% against the dollar in the past six months. But the recent dismal economic news is threatening to weaken it further. This past week the dong jumped from 16,120 to the dollar to 18,500 on the black market as traders rushed to put their dong into dollars and gold. The currency swoon...
...similar innovation came in fund raising. Normally, it is only the big donors who get quality time with a candidate. But Obama devoted far more of his schedule to small-dollar events. In Kentucky, the month after he announced his run for President, the first such effort quickly sold out all 3,200 tickets at $25 a head - and produced the beginning of a local organization. "It's the difference between hunting and farming," says Obama moneyman Matthew Barzun, 37, the Louisville Internet-publishing entrepreneur who arranged the event. "You plant a seed, and you get much more...
...sweatshirt and a set of 2008 liquor glasses.While his remarks were short, Summers seemed to enjoy his celebrity, spending several minutes after the event greeting well-wishers, taking photos, and accepting thanks from seniors and their families. At one point the former treasury secretary was asked to sign a dollar bill. He obliged.“He’s very famous,” a mother told her child, not even waist-high, pointing at Summers.When the child, four-year old James Corcoran, made his way to the front of the line, he was rewarded with plenty of attention...