Word: dollarize
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Dates: during 2000-2009
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...there are few sure things in Afghan commerce. Not even a powerful international brand like Coca-Cola is guaranteed success. In September, Habib Gulzar Non-Alcoholic Beverages, Coke's franchisee in Afghanistan, opened a $25 million dollar bottling plant on the outskirts of Kabul. The modern facility-the first such factory to open since the fall of the Taliban-is large enough to produce 40,000 cases of soda a day. But the factory is operating at less than 20% of its capacity. Asked to estimate when the investment might be recouped, Salman Rawn, country manager for Coca-Cola Afghanistan...
...next clue about the dollar may come from Japan, where traders are now speculating on whether the Bank of Japan will raise rates later this month. The Japanese economy has been recovering from stagnation, and the bank in July ended its policy of keeping interest rates at zero. But rates remain very low - just 0.25% - and a hike could put further pressure on the dollar...
...present level is bad enough for Kathryn Wimmer, an apparel designer from Portland, Oregon, who was visiting a friend in Paris last week. "When I came here six years ago, things were a little expensive," she says. "Now you just watch the dollar going down every day. Pretty soon it's going to be hard just to come here." As for Christmas shopping in Europe, forget it. This year, Wimmer's only buying postcards...
Still, a lot has changed since the first clubs opened their doors in 1998 promising virtually unlimited access to multimillion-dollar homes from Telluride to Tokyo. The "anywhere, anytime" promise has morphed into "most places most of the time," says Ben Addoms, a founder of Quintess, Catch the Dream, which has 38 properties in 24 locations...
...book's ultimate satirical trick was to flip the slur into a sales tool. Its title: Nigger! "Whenever you hear the word 'nigger,'" Gregory wrote in the introduction, "you'll know they're advertising my book." Call a man a nigger, earn a brother a dollar...