Word: dollarized
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Dates: during 2000-2009
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...string of success stories has transformed a design scene once considered frivolous - back when banking was choice - into one of the few sectors driving Iceland out of its economic quagmire. In September, the Ministry of Industry bestowed its first million-dollar grant to a fashion house, Andersen & Lauth. The company's creative director, Gunnar Hilmarsson, was also recently crowned chairman of the year-and-a-half-old Design Centre. Although it was created before the crash, Hilmarsson explains that the center - which is a government-sponsored platform for exhibitions and seminars - took on a new life once the money disappeared...
Electronics giant Best Buy isn't taking the challenge sitting down. Vitelli says his company is ready to match prices offered by Walmart and other retailers. "We watch everybody," he says. "We're competitive with them dollar for dollar." Best Buy offers a wider and deeper assortment of electronic products and services than many competitors, Vitelli notes, giving...
Library expenditures grew by 25 percent between 2004 and 2008, and the libraries experienced heavy budget cuts last year after both the University endowment and the dollar fell, leading the Harvard College Library—the largest unit within the system—to seek a $12 million cost reduction...
...love affair with his thesaurus that is torrid enough to rival John Banville or Salman Rushdie. “Gravid,” “photopic,” “calcareous,” “neurasthenia”: there is no shortage of ten-dollar words in this book, which can read at times like a combination of medical dictionary and arcane nautical treatise. Alexander provides a glossary at the end, but this covers only the most obscure and technical areas of his vocabulary. As overbearing and unnecessary as his lexical tendencies...
...Timothy Geithner, the Treasury Secretary. Geithner has personal history in Asia, having studied China and Japan in college and graduate school before shifting to economics, eventually rising to become Under Secretary of the Treasury for International Affairs in Clinton's second term. As the Bush Administration did throughout the dollar's slide, Geithner recently declared the importance of a strong dollar, even as it has continued to fall. Asian countries have huge dollar reserves and are skittish about the future of their holdings. Obama will attempt to bolster their belief in the currency's stability...