Word: dollarized
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Dates: during 2000-2009
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Talk is cheap, and economists and laymen alike have a strikingly poor record of predicting recessions. But there are good reasons to be concerned that the economy is weakening. They involve struggling banks, the collapsing housing market, the volatile stock market, oil prices, the weak dollar and lots of nervous investors in far-off lands. All of which relate back to the financial condition of the people swarming the nation's malls...
...enough to bring on a recession--semiofficially defined by the National Bureau of Economic Research as "a significant decline in economic activity spread across the economy, lasting more than a few months." Will it, though? The equation must factor in global demand for U.S. exports, the path of the dollar, the price of oil and other influences that make it more or less impossible to solve. What seems clear is that the borrow-and-spend era has come to an end, or at the very least a prolonged pause...
LOUIS GALLOIS, the head of Airbus' parent company, EADS, on the decline of the dollar, the currency in which Airbus aircraft are sold. On Nov. 26, China placed the biggest Airbus order to date...
...like Paraguaná's and spend that money on socialist programs and other political pursuits. In a bravado performance at a Nov. 18 meeting of the Organization of Petroleum Exporting Countries (OPEC), Chávez and his new best friend, Iranian President Mahmoud Ahmadinejad, mocked the U.S. and blamed the weak dollar, not Venezuelan production capacity, for the high price of oil. "The fall of the dollar is not the fall of the dollar," Chávez crowed. "It's the fall of the American empire...
...Gatorade now comes in many flavors, but its first may have been best described by its inventor, University of Florida physician J. Robert Cade: repulsive. ("I guzzled it and vomited," he said.) Cade created the drink, today a multibillion-dollar industry, after the school's football coach asked him why players didn't urinate after games. With the help of sugar and lemon, Cade made the concoction more palatable, but its basic function didn't change: to replace the sodium, chloride and plasma volume that players lost during games. The still dominant sports ade, named for the team, earned...