Word: dollarized
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...agreed to pay restitution to dealers and individuals affected by his thefts. The maps stolen by Smiley from Houghton will be recovered, according to the Justice Department, but the location of the five still-missing and yet-unaccounted-for maps is “a fifty-million dollar question,” according to Brainard. Connecticut U.S. Attorney Kevin O’Connor, whose office is prosecuting the case against Smiley, said he has no reason to believe that Smiley stole more maps than the 97 that are listed in his plea agreement. O’Connor added that Smiley?...
...though a far cry from the sparkling metropolises of Shanghai and Hong Kong, is hardly austere. Ladies in posh dresses and heels browse marbled department stores. McDonald’s and Kentucky Fried Chicken are expensive eats here, serving meals that might cost up to three or four U.S. dollars. And the prices for luxury items rival those of American stores. But for all its commercialism, it’s hard to believe that the minimum wage is in Luoyang is about 300 yuan per month, equivalent to about $37. It’s especially difficult to imagine what this...
...Michael Cullen is being a scrooge on fiscal policy, stacking up Budget surpluses when there's a good case for tax relief. But Cullen has no room to move. A current account deficit heading toward a "Banana republic" rate of 10% of gdp puts enormous pressure on the Kiwi dollar. A place that boasts the lowest jobless rate among rich nations can neither hold on to its best people nor save enough to fund its lifestyle. Sometimes the lights go out in Auckland...
...clan, numbering about 300,000, was granted access to piped gas from the Sui fields on their land only a few years ago even though the gas had been pumping for decades and had already been flowing to major cities and towns. The government is also building a multimillion-dollar port, Gwadar, off Baluchistan's southern coast, which Musharraf hopes will one day rival Dubai in the nearby Gulf. The Baluch fear, however, that Gwadar will draw so many settlers from Pakistan's other provinces that they will become an underclass minority in their own land...
...corruption and crime--converge in Bombay. Although India boasts more billionaires than China, 81% of its population lives on $2 a day or less, compared with 47% of Chinese, according to the 2005 U.N. Population Reference Bureau Report. That class divide is starkest in cities like Bombay, where million-dollar apartments overlook million-population slums. For all its glitz, Bombay remains a temple to inefficiency. In 2003 it had one bus for every 1,300 people, two public parking spots for every 1,000 cars, 17 public toilets for every million people and one civic hospital for 7.2 million people...