Word: dollarize
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Dates: during 2000-2009
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Real estate agent Diane Ragan flips through some property listings online and finds some bargains not far from Old Metairie, a suburb west of New Orleans with million-dollar Mission Revival and English Tudor mansions. She points out a three-bedroom "cottage" with an asking price of $137,000 - down about a third from pre-storm prices. Even though the house took on nearly five feet of water after Katrina, she figures a young couple, professionals most likely, will grab it as a fixer-upper - or demolish it and build the home of their dreams...
Final Clubs: 1. Eight endowed all-male clubs, housed in their own multi-million dollar mansions. 2. The center of some students’ social lives (mostly female first-years’), they are viewed disapprovingly by College administrators and women’s groups alike. 3. Bastions of socioeconomic elitism. 4. Generally overrated...
...from the food to the student-teacher ratio to rates of acceptance into grad school. And then there are the unquantifiable assets. At Davidson, townspeople and professors bake cakes for the winners of the freshman cake race and students boast that scattered around the campus are dollar bills held down by rocks, tangible evidence of an honor code so entrenched that if a dollar falls on campus soil, it stays there until the owner claims it. Kenyon in Ohio includes a paragraph in its acceptance letter that is entirely personal to the particular student: good job on the essay, nice...
...legislature managed to pass mandatory building codes this year. Most states already have such codes. Florida has had a strict one in place since 2001, and structures built under it tend to be the ones left standing after a 120 m.p.h. wind rips through. We know that for every dollar spent on that kind of basic mitigation, society saves an average of $4, according to a 2005 report by the nonprofit National Institute of Building Sciences. Then there's Mississippi, which, believe it or not, still has no statewide building code. Katrina destroyed 68,729 houses there. But this year...
...There is a lot of positive development outside of the U.S.," says Stuart Schweitzer, managing director and global-markets strategist at JPMorgan Asset & Wealth Management. Add in the specter of towering deficits in the U.S. budget and current account, which could ultimately weaken the dollar, and the idea of diversifying overseas becomes even more attractive...