Word: dollarize
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Dates: during 2000-2009
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...Unlike doctors, drug companies are truly and primarily businesses. They invest billions and come up with many great, new products which cannot be sold, whatsoever, without convincing doctors to prescribe them. Billion-dollar businesses will influence lawmaking in every kind of governmental system. Reps move product, making money for the companies and their millions of stockholders. Powerful people will make sure that process is allowed to continue...
...case of director grants, we don’t expect the dollar figures to be significant because, in general, the value of director grants is not large relative to the grants that are given to executives,” Bebchuk said. “The significance of the finding is from a governance perspective...
...areas farther away from jobs, neighborhood life, and public transportation. Harvard has the money and power, and so it feels entitled to the homes of poor Charlesview residents. But these residents don’t have the money or power to stand up alone to a multi-billion dollar corporation eyeing their little plot of concrete and community. That is why they have asked for student support...
...Indians, Brazilians, Chinese, Russians and other entrepreneurs from emerging economies are now jostling for assets all over the world as they seek to become global players. As 2006 was drawing to a close, two other steel titans, one from India, the other from Brazil, were locked in a multibillion-dollar battle for an Anglo-Dutch firm, Corus, while Evraz, a Russian company controlled by billionaire Roman Abramovich, agreed to buy the U.S. firm Oregon Steel Mills for $2.3 billion to create the world's biggest producer of rails...
...Chinese will no doubt point out in response that they have already let their currency rise almost 6% against the dollar in the year since it was unpegged. Being historically minded, they could also note that when the U.S. forced Tokyo to allow the yen to rise sharply against the dollar in 1985, Japan was plunged into a recession from which it is still struggling to emerge. Given the social unrest already plaguing an economically booming China, they might add, the chaos such a prolonged economic downturn could engender is frightening to contemplate. These arguments are of course...