Word: dollarize
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...Once booming businesses are resorting to desperate discounting to try to keep customers coming. In Hong Kong, 1,000 restaurants have joined together to offer dishes such as dim sum and roast pigeon for one Hong Kong dollar (about 13 cents). In Taipei, Taiwan's capital, fast-food chain KFC held a press conference last month to announce 50% discounts on every second meal ordered, only to have McDonald's employees interrupt by parading with signs promoting $2 lunch specials...
...recent Goldman Sachs report estimates that most investment banks believe bonds like Jupiter are worth 40% less than what was paid for them, or 60˘ for every dollar invested. But given how many of Jupiter's bonds have gone bad, you could just as easily guess that it is worth 41˘ on the dollar. And that might be generous. A top bond trader who looked at Jupiter for TIME said that on the basis of where loan defaults are headed and the loans Jupiter holds, even the best part of the bond could be worth as little...
...Bravo chronicled the high maintenance and the people who highly maintain them. No area of pampering was too obscure: luxe hotels (Welcome to the Parker), fashion (The Rachel Zoe Project), hairdressing (Blow Out), real estate (Million Dollar Listing), upscale gyms (Work Out), home décor (Top Design), even exclusive-travel-booking (First Class All the Way). Whether you snark at the housewives or cheer for Top Chef's hopeful restaurateurs, there's always a window-shopping appeal: the aspirational lure of those spa treatments and seared foie gras...
...noted that many of the findings were accompanied by awards of only one dollar, including the claim of slander...
...between the Pacific and the Caribbean - has quietly emerged as Central America's must-discover hidden gem. And no wonder. With its mix of the eco (dense tropical rain forests), urban (a Miami-like skyline) and aquatic (crystalline diving sites), Panama is an all-in-one destination where the dollar is legal tender - and still manages to go a long...