Word: dollarize
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Dates: during 2000-2009
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Meanwhile, Trichet - who in the past has been critical of Washington's uninterest in the negative consequences of its economic and monetary policies for other countries - said he'd "noted with great attention the re-affirmation of American authorities... that a strong dollar was in their economic interest." A good sign, indeed. The Bush administration once saw the decline of the dollar as a boon to U.S. industry. But with investors continuing to bail on U.S. securities and monetary markets Thursday, the question now is whether American intervention alone can turn things around - or whether European politicians and central bankers...
Sources: The Three Trillion Dollar War; war cost: Congressional Research Services fiscal-year estimates; oil: Energy Information Administration; vehicles: Center for Strategic and Budgetary Assessments...
...manager, alleges that the company even began keeping two sets of books - one for internal use that described prison deficiencies in telling detail, and a second set that Jones describes as "doctored" for public consumption, to limit bad publicity, litigation or fines that could derail CCA's multimillion-dollar contracts with federal, state or local agencies...
...bribe and that would be the end of it." That may have been a fair assumption, on his part, given the notorious corruption among Argentine customs agents. But among her fellow agents, Telpuk had a reputation for naive honesty. "Once a passenger dropped a huge wad of dollar bills on my counter and didn't notice, I chased after him down the runway waving his money in the air. At the airport they teased me continually after that for being such a goody-good...
...stakes could hardly be higher: With a U.S. recession looming and the dollar at its lowest-ever value against major currencies, oil prices reached a new record high on Thursday, crashing through the $111-a-barrel mark. That's a climb of about 30% in just six months, and this week it sent the prices at U.S. gas pumps soaring to a record national average of $3.27 a gallon...