Word: dollarize
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...firms to report how much stock each of their executives held, a point that a number of execs said might call into question their loyalty to their firm. AIG and a number of its top earners refused to give back past bonuses or rewrite contracts that guarantee multimillion-dollar bonuses at the insurer next year. And a number of companies insisted that his plan would hurt their ability to attract and retain talent...
...Lost America I wholeheartedly agree with Michael Schuman's views in "American Lament" [Oct. 12]. America's influence, reach and power is waning, but on the other hand, we read President Obama's compelling speeches on the Internet, follow the Nasdaq index, and accept the U.S. dollar as a base currency. America might have lost its direction in recent years, but I believe the best is yet to come under Obama's leadership. Sirinthra Malhotra, Bangkok, Thailand...
...furious? If not, you should be. The giant financial institutions that make up Wall Street have been bailed out, thanks to trillions of dollars of our money, and are on track to hand out record-breaking multibillion-dollar bonuses while millions of regular folks are hurting. Even outside the gilded halls of Wall Street, there's no shortage of good cheer: many economists say the Great Recession has ended, and Federal Reserve Chairman Ben Bernanke keeps seeing "green shoots" in the economy...
After the jump, FlyBy dissects what this two-dollar technological wonder actually does...
...transformed into a home. It was already a home. The renovations will be done according to the rule book." But art historian Didier Rykner believes that France's "political and diplomatic" objectives may have come into play. Since last year, President Nicolas Sarkozy has been trying to win multibillion-dollar energy deals with Qatar and new investment from the Persian Gulf. (See pictures of the Eiffel Tower...