Word: dollarized
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...while the U.S. requires investments from China to finance its giant deficits - Beijing and Washington nevertheless routinely spar over a wide range of sensitive issues. The U.S. has accused China of manipulating its currency to unfairly promote exports, while China has openly called for the replacement of the U.S. dollar as the world's premier currency. But with so much at stake, the two nations have tried to keep their rapport cordial. In July, U.S. President Barack Obama called for "cooperation, not confrontation" with China...
...wasn't a crisis of government finances, as some pessimists had feared, but one of mortgages and Wall Street. As Washington battled the troubles, the deficit grew to an estimated $1.6 trillion in the fiscal year that ends this month. That's by far the biggest shortfall ever, in dollar terms. The government will have spent $3.7 trillion and taken in $2.1 trillion. Even by the more forgiving yardstick of percentage of gross domestic product, the shortfall is, at 11.2%, the biggest since World War II. It will be smaller next year but still huge by historical standards. At some...
...bought a ticket to the Museum of Fine Arts in Boston and walked in as a visitor. He was armed, disguised as a chaffeur and accompanied by one friend—although six more were in on the plan. With a getaway car waiting, Connor snatched a million-dollar Rembrandt portrait off the walls and ran out of the building. Having eluded capture, Connor then negotiated the return of the portrait for a lightening of a previous sentence...
...substantial number” of portfolio managers have had portions of their bonuses earned in past years “clawed back” by HMC, the report said, although it did not provide more specific figures. HMC, which has been criticized for its multi-million dollar compensation packages in the past, typically rewards managers for adding value and outperforming benchmarks. But it also withholds large portions of the bonuses over subsequent years in order to emphasize long-term growth and protect against excessive risk-taking. The report said that a small group of managers who outperformed markets would...
...industry, even while it has a frivolous side,” he says. “If you were thinking about the cycles of boom and bust, you imagined that there would be a downturn at some time, but it’s not like people were smoking hundred-dollar bills.”Like the ebb and flow of Vogue’s parent company Conde Nast’s bank accounts, it’s clear that Cutler’s newfound fashion industry fame will eventually wane. Even as he promotes “The September Issue?...