Word: dollarize
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Dates: during 2000-2009
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...future of environmentalism. The wealthy capital of the United Arab Emirates is the world's eighth biggest producer of petroleum. But the leaders of Abu Dhabi know--perhaps better than most--that the oil won't last forever, so they have embarked on the Masdar Initiative, a multibillion-dollar push to establish the emirate as a center for clean-technology development and innovation. Those plans include Masdar City, designed by British architect Norman Foster, as well as a $250 million clean-tech investment fund and an energy-engineering school linked with the Massachusetts Institute of Technology. If it all works...
...profligacy has gotten us into trouble, and so the response is ... more profligacy? There is no shortage of critics who contend that today's massive government spending is simply laying the foundation of another financial crisis, this one centering on a loss of confidence in Treasuries and the dollar...
...into this unfilled void that the then unenthroned U.S. Secretary of the Treasury, Timothy Geithner, stumbled. In a written response to Senate questions, he suggested that China had been manipulating its currency. (Some in the U.S. have long alleged that by supposedly keeping its currency undervalued against the dollar, China gives its exporters an unfair advantage in American markets.) Since Geithner's was the new Administration's first real comment on relations with Beijing, Chinese leaders reacted as if a hostile shot had been fired across their bow. But Obama then called China's President Hu Jintao, evidently assuring...
...California-based legal publication revealed Tuesday that Facebook.com paid $65 million to settle accusations that its founder Mark E. Zuckerberg ’07 stole elements from rival social networking site ConnectU to create his multi-billion dollar Web site. The Recorder obtained the information from an inadvertent disclosure in the January newsletter of Quinn, Emanuel, Urquhart, Oliver and Hedges, the law firm that represented ConnectU until it was fired last spring. In 2004, ConnectU founders Cameron S. H. Winklevoss ’04, Tyler O. H. Winklevoss, ’04, and Divya K. Narendra...
...smile. “She substantiates me—I work because she’s around.” However, one day in 1964, when Jacobs brought home a pair of “See TV in 3-D” glasses that he had purchased for one dollar at a local drugstore, Flo’s confidence in her husband wavered for a moment. “More magic beans, Ken?” she asked. But those glasses unlocked a whole new world of cinema for Jacobs, leading to the next masterpiece he revealed to the audience...