Word: dollarized
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Dates: during 2000-2009
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Much of Woods' reported billion-dollar wealth has come from endorsements - Gatorade, Nike and Electronic Arts, among others - and it is these deals that are usually most damaged by crises. But as long as Woods still sinks the ball, big companies will want to walk in his spikes. Nike and Gatorade have already released statements of support. They are too heavily invested in him to cut him loose...
...cyberworld that scored the biggest gains this past holiday weekend. Online sales rose 35% on Black Friday and 14% on Cyber Monday from the same periods last year, according to Coremetrics, a Web-marketing firm. The average dollar amount per online order shot up 35% on Black Friday and 38% on Cyber Monday from a year earlier, the firm said...
Seventy-five dollars is a lot of money. It can get you 68 purchases on the McDonald’s dollar menu, 44 trips on the subway with a CharlieCard, 37 loads of clean laundry, 15 one-scoop waffle cones at JP Licks, a full magical day of fun at Disneyland, or maybe even a flight home. This sum is also the amount that students are charged on their termbills each semester by Harvard to fund student groups and support the activities of the Undergraduate Council...
...move toward quantitative easing has been expected in recent weeks, as Japan's Prime Minister Yukio Hatoyama and his administration have pressed the central bank to take steps to contain deflation, prevent another downturn in the economy, and to tame the runaway yen, now at 86 yen to the dollar compared to 93 a year ago. On Nov. 27, the dollar fell to a 14-year low against the yen, triggering concerns that the currency could start to unravel progress that stimulus spending has made on the economy this year, in part by wreaking havoc on export competitiveness...
...China Is Not Happy, and the source of that unhappiness is an overly dependent relationship with the U.S. The two governments share some of those anxieties. Beijing worries that the continuing struggles of the U.S. economy will impair a $338 billion market for its exports and imperil its dollar-denominated investments. China pegged its currency to the dollar years ago in order to hitch its wagon to the world's most dynamic economy but today worries that a declining dollar will impede China's growth. Many in Washington and on Wall Street believe that China's currency policy gives...