Word: dollarized
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Dates: during 2000-2009
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When a country or a company depends to an important degree on the U.S. for its livelihood, you might think that recent financial events there would amount to very bad news indeed. America's economy flagged in the second half of last year and the dollar has dropped sharply against the euro and other currencies, making exports to the U.S. less competitive. Yet Nicola Leibinger-Kamm?ller, for one, is still smiling...
...Speaking of court, I was called for jury duty this week. Waiting in the jury room to learn whether I would be required to serve, I picked up a discarded copy of the recently redesigned, somewhat smaller Wall Street Journal. The bible of high-dollar Babbitry is not something I usually read. What I wanted to do was try to make a hat out of it. I wondered whether the Journal's narrower new page is deficient in the same way as the similarly trimmed Atlanta Journal-Constitution's. For generations, the men who print the J-Cwould fold...
...want to be making a paper hat in a jury pool, so I read the WSJ. The new format was inviting. I learned that the dollar needs to get weaker so it won't suddenly collapse and that there is such a thing as investing in orange juice futures. Then we were called up to the courtroom. A not-guilty-looking young woman stood accused of selling cocaine. The law was going to have a hard time convincing me to send that little girl up the river...
...Feldstein ’61, Baker professor of economics and one-time top White House economic adviser, criticized America’s “strong dollar” policy at a convention of macroeconomic and financial experts last weekend. “We clearly need a more competitive dollar,” he said, according to reports of his remarks. “The dollar is still very high—too high to be sustained.” In a sit-down interview yesterday, Feldstein cautioned that the dollar’s strength, along with...
Meanwhile, the total cost for the proposed campus is unknown as well, according to Gordon, who did say that “it’s a multibillion dollar project for sure...