Word: dollarize
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Dates: during 2000-2009
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...statistics seem to support this bleak view. In 2001, 12 of the 20 biggest-dollar initial public offerings (IPOs) occurred in the U.S. In each of 2005 and 2006, only one did. IPOs totaled $55.2 billion in Britain last year and only $46.6 billion here. Since 2000, the number of foreign companies listed on NASDAQ fell...
...apartheid-era South Africa, "terror-free investing" is designed to isolate countries on the U.S. terrorism list like Iran, Sudan and North Korea by purging U.S. pension funds of the stock of any company that might do business with such regimes. The state of Missouri has gotten its multibillion-dollar Missouri State Employees Retirement System screened to remove what it regards as terror-related investments, with counsel from State Street Global Advisors as well as the Washington, D.C.-based Conflict Securities Advisory Group. The Louisiana sheriffs public pension fund has adopted a similar approach, with advice from T. Rowe Price...
...money is not what schools need from the federal government. Over the past 40 years, we as a nation have increased per pupil spending by two and one half times—in real dollar terms. Yet student performance has hardly budged over that period of time. Even our best students—the top tenth—do not perform any better today than their parents and grandparents did forty-odd years ago. Meanwhile, high school graduation rates are lower today than they were...
...source of wonder. But it's not just the plastic surgeons who help the cosmetically challenged. Any M.D. can legally shoot you with Botox or a body-hair laser. Urologists and gynecologists nip and tuck at the naughty bits of both sexes. Today any doc can turn a pretty dollar getting hair to grow, pounds to melt off or aging private parts to work like new. None of this has much to do with relieving the suffering of the sick and disabled...
...kiosks sells everything from clementines to wallpaper to negligees to banitsa, a flaky pastry stuffed with the feta-like "white cheese" used in many Bulgarian dishes. One kiosk sells mulled wine from barrels for 1.2 leva, about 80¢, a liter--a price indicative of how very far the dollar goes. The top end is a bargain too. At Pri Yafata, an upscale restaurant serving traditional Bulgarian cuisine (which means Turkish and Greek influences plus a proclivity for using all parts of the animal--hot pig's head soup, anyone?), a folk-style three-course dinner for two with wine...