Word: dollarses
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• "It's not trillions of dollars going out the door without anyone keeping tabs on it." - In an April 2009 interview, noting that his goal as special inspector general was to inform the public that the government bailout programs were not a "black hole." (CNNMoney.com, April 21, 2009)
China's motivations to boost the global standing of the yuan stem from the same concerns as its calls for a new reserve currency. Greater use of the yuan in trade would improve the competitiveness of Chinese exporters by reducing transaction costs and currency risks. By internationalizing the yuan, says...
Nor are there signs that China is ready to ditch the dollar. Derek Scissors, a research fellow at the Heritage Foundation's Asian Studies Center, points out that Chinese official holdings of U.S. Treasury bills have increased by 50% in the past 12 months, as China continues to invest its...
* | What They're Selling in California: Millions of dollars' worth of IOUs--which the financially strapped state is issuing in lieu of cash as it grapples with a $24 billion budget crisis--are appearing on websites like Craigslist, where opportunists are buying them at a discount so they can turn...
While wandering the field level concourse, I stumbled across a Friar Franks stand that was advertising a “5 for $5” deal. Curious, I asked a park attendant. Apparently, for five dollars, I could get a hotdog, soda, cookie, popcorn, and peanuts. Now, that?...