Word: dollarized
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...It’s cheap,” Paul Birkner, 17, said simply, grinning as he sorted through a bin of clothes marked: “T-shirts: $1, Sweats: $2.” Located at the back of the store on the first floor is Dollar-a-Pound, where customers wade through mountains of clothes and accessories, picking and choosing merchandise to stuff into huge plastic bags that are sold by weight. (Although, contrary to its name, articles are actually sold for $1.50 a pound.) Whether it is because of its selection or its prices, the funky vintage store...
...Senator Charles Schumer. Most worried of all is Stephen S. Roach, chief economist at U.S. investment bank Morgan Stanley who for several years has warned that the U.S.'s borrowing and consumption binge will come to a bad end, including a likely fall in the value of the dollar. The problems haven't gone away even if the dollar remains buoyant, he said, warning of a "dangerous degree of complacency" among investors. "The weakest link in the global growth chain in 2006 is the most important link, and that is the American consumer," Roach cautioned. If the economy does continue...
...state plan, you may be giving up state tax breaks and other perks for residents.) Beware exorbitant expenses In addition to whatever you might pay a broker, you'll pay annual management fees (which help run the plan) and expense ratios (which help run the underlying mutual funds). Every dollar you pay is a dollar less you'll have available to spend on tuition. So look at plans that have management fees of less than 0.5% and shoot for one that's closer to half that. Expenses on the underlying investments shouldn't be more than 1%. This will knock...
...THRILLS, SKILLS, NO DOLLAR BILLS...
...commitment to fighting grade inflation.)Dignity and respect for workers: 4 out of 10. The administration made some progress in its moral comprehension as it was schooled this fall by an alliance of janitors and students. Our lowest-paid workers won a new contract in November, featuring a five-dollar raise over the next few years from this exceedingly loaded institution we call our own. But it wasn’t quite enough. Many janitors still won’t get to see their families much, because administrators couldn’t keep their promises of full-time work.What...