Word: dollarize
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Dates: during 2000-2009
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...that we're high-tech," Powderly chimes in, "But I can't find a moment where [graffiti] wasn't high-tech. If you look back, you had spray cans - this form of technology that was a little too new to be considered an art form - and this billion-dollar transportation system that taggers used to spread their art. It's not all that different from laser pointers, a new technology, and this immense infrastructure that you find in urban areas...
Nowadays his daughter Donatella (Doni) Ratti, who became Ratti's president in 1996 and CEO in 2001, has to cope with different problems: namely, casual Friday morphing into every day (i.e., the banishment of the tie, which represents 25% of Ratti's earnings), the weak dollar and, most important, China. "It's become very difficult," says Donatella, 50. "People don't want to pay our prices. They compare them to China's." Such a comparison irks her, since China lacks Ratti's quality, quickness and creativity and isn't interested in small quantities...
...basketball coaching staff, Max began the transfer application process to Harvard College. The long and complicated transfer application required writing two comprehensive essays, compiling a transcript drawn from two countries, and drawing necessary documents from his home in France and schools in the States (which cost him a 75 dollar translation fee). Not only was Max able to pull all this information together and submit it along with the 65 dollar application fee, in addition to the 43 dollars the College Board charges to submit SAT scores, but he was able to do it all without a stable home...
...hopes were compromised. Citing a lack of space for transfer students in upper class Houses, Harvard opted rather to cancel all applications outright and refund the 65-dollar application fee. But after all the time and emotional energy Max and countless other transfer applicants had invested into their applications, a cash refund is hardly adequate compensation. Lack of space in upper class houses is old news, of which the administration had been aware well in advance of the transfer application deadline. Whatever their prospects of actually gaining admission, transfer candidates deserve an apology from the administration for the mishandling...
...Then, there's the question of speculation and exchange rates: Investors have poured billions into oil futures, in part because oil is priced in dollars, meaning that its price soars as the dollar sinks. "There's only so much OPEC can do, because we have no influence over those factors," says Qabazard...