Word: dollarize
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Dates: during 2000-2009
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...good ideas. The drive to go green, so strong today, could rapidly lose momentum if oil prices were to drop significantly, and it hasn't escaped notice that clean tech has yet to produce a bank-breaking success like Netscape, which made Kleiner Perkins a fortune. "Everybody with a dollar thinks they're a clean-tech investor now," says Foundation Capital's Grosser. "A ton of people could lose a lot of money on solar or biofuels." But defenders point out that the burgeoning energy needs of China and India mean that oil prices are unlikely to fall to previous...
...This is a billion dollar project and it ought to come with a large infusion of support into our community,” said Harvard Allston Task Force member Brent Whelan. “Harvard has the resources...
...might think the highest-rated Oscar telecasts are in years when there's a close contest in the major categories, as with Crash and Brokeback Mountain two years. Nuh-uh. It's the runaway years, when billion-dollar blockbusters like Titanic and The Lord of the Rings: The Return of the King get what are essentially People's Choice awards, and its makers wear a path in the rug from their seats to the stage. Moviegoers who are TV viewers don't want horse races; they want coronations - validations that somebody in Hollywood is ready to honor the movies they...
...arrived in Paris this September, he didn’t expect the sharp difference in prices. “There was definitely a [price] sticker shock,” he said. “I was not totally prepared.” In the past year, the dollar has fallen by 5 percent against the pound and 10 percent against the euro, hitting record lows. At press time, one euro was worth 1.46 dollars, according to the Bloomberg currency exchange. Students abroad this term made their decision to leave last March, when the outlook wasn’t quite...
...despite exporters' grumblings, October's export earnings were actually up 35% in dollar terms from last October, a still respectable 18% in rupee terms. In the past week, the rupee has actually begun to slip a bit, partly because of worries about the high oil prices. But when economists look back at 2007, they will probably see it as a turning point in the currency's fortunes. For decades, the rupee has steadily depreciated. Now it seems to have turned a corner. One inkling of the significance of the change can be seen in the entrance fees to monuments such...