Word: dollarize
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Dates: during 2000-2009
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Pernod Ricard paid top dollar for Absolut because it believes its marketing muscle can increase sales from last year's 10.7 million cases. But the economics of producing vodka surely played a part in its calculations. Whisky and brandy spend years maturing in wooden casks before they can be sold, tying up cash in inventory, but vodka is practically an instant money machine. The chemistry is simple: ferment grain or potatoes or even grapes to make alcohol, then concentrate it by distillation. Filter the resulting colorless, odorless spirit, possibly give it a fruit flavor, push out the publicity boat with...
Racism exists, but it doesn’t explain many of the economic disparities among minorities. Sexism is the other scapegoat that Democrats fleece. Clinton often sobs that women earn “just 77 cents for every dollar that a man makes.” But those 23 cents aren’t lining some sexist employer’s pockets. Because women are the only ones who can have children, they are more likely to take time off to care for those children, losing experience and seniority. To devote more time to family, many women choose fields that...
...because [Harvard] did it,” she said. “And it’s important to us as well.” The decision to unify the engineering departments has been in the works for some time, Vanderlick said. In 2003, Yale launched a one billion-dollar initiative dedicated to improving science, engineering, and medicine at both the undergraduate and graduate levels. According to Yale spokeswoman Janet R. Emanuel, the new SEAS is one part of that initiative, which also aims to expand faculty by 10 percent and create a new building. While the engineering school will...
Disagreements about the Cambridge City Council’s relationship with the Cambridge Health Alliance (CHA) brought heated debate to the Council’s weekly meeting last night. Councillor Marjorie C. Decker introduced a proposition requesting a “dollar-to-dollar review” of the funding that the Council provides to CHA, citing CHA’s lack of formal accountability to the Council and its recent decision to remove obstetrician-gynecologist services from three of its 12 neighborhood clinics. The Council approved Decker’s measure with an amendment requiring the city manager...
...decision to expand the Cabinet was seen as particularly galling because at least half of Kenya's people live on less than a dollar a day. The government has requested 30 billion shillings (nearly $500 million) to help resettle displaced people, and last week, the government appealed for another 7 billion shillings ($113 million) to fight malaria. It has also announced that supplies of HIV/AIDS drugs are running...