Word: dollarize
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Dates: during 2000-2009
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...Take the country's largest life-insurance company, China Life, which trades in Shanghai, Hong Kong and New York. On Jan. 31, China Life shares had a price/earnings ratio of around 70 (a stock's P/E ratio measures the amount investors are paying for every dollar of per-share earnings). That's a richer multiple than investors are shelling out for fast-growing Google, the investing world's flashiest Internet phenomenon. Nor are high prices confined to just a few Chinese stocks. Webb estimates the average P/E for so-called "A" shares (stocks available to mainland investors on China...
Take the nation's largest life-insurance company, China Life, which trades in Shanghai, Hong Kong and New York City. On Jan. 31, its shares had a price-earnings ratio of around 70 (a stock's P/E ratio shows the amount investors are paying for each dollar of per-share earnings). That's a richer multiple than investors are shelling out for fast-growing Google...
...problems." Keith Grain, publisher of the weekly Automotive News, seemed disappointed at the turn of events. Said he: "It's a sad day for GM. Ross Perot up to now was a hero to the common man, but he's just had his mouth stuffed with millions of dollar bills...
...mediums for "spirit guides" long dead and buried, or those from "different dimensions." Most of these channelers are clustered in the Pacific Northwest. The more established ones, like Knight and California-based Jack Pursel, who channels a rather likable spirit named Lazaris, have built up multi-million-dollar businesses to market themselves and their wisdom through weekend seminars and audio- and videocassettes. On a lesser scale, such channelers as Hossca Harrison ("Jonah") in Boulder, or Paul Tuttle ("Raj") in Bellingham, Wash., make a comfortable living through private and group consultations...
...Even then, the wages paid by the security forces are minuscule compared to what a fighter can earn working for a heroin-trafficking warlord. Still, says Jawad, government recruiters are able to play on patriotism and moral duty. "We should not look at strictly on a dollar basis," he says. "This is building Afghanistan, and the other path is destroying Afghanistan. So people are willing to take some sacrifices providing they're able to feed their children...