Word: greenbackism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Maybe they didn't like George Bush's speech, or maybe they were worried about European integration. Or maybe they just felt dyspeptic. Whatever the reason, currency traders dumped dollars by the billion late last week. A huge sell-off drove the greenback down as low as 1.4250 to the German mark, its lowest level since the deutsche mark was created...
...Russian economy has been tottering on the brink of collapse. Although no one has very accurate figures, prices increased an estimated 50% in December alone. The ruble has entered the funny-money category: it used to have an official exchange rate of 1.8 to the dollar; now a greenback fetches 110 rubles legally, and more on the black market...
...first three. Other People's Money is a raucous and zestfully acted story of the greenback, a cautionary tale about the Wall Street ethos and its impact on American business. Sterner, whose play draws from his own experience as a stock market investor, zips the audience from one witty scene to another, and he skillfully weaves the moral of the story into a string of exquisite punchlines. As a result, Other People's Money is both humorous and disturbing...
...small portion of transactions. Tourists are generally asked to pay in foreign currency for lodging, transit and food. And as Soviet citizens know painfully well, the ruble is virtually worthless in the domestic economy. Moscow cabbies speed past hapless hailers unless they hold up something more enticing: a greenback or a pack of Marlboro cigarettes...
...early this summer, the finance ministers of the seven leading industrial countries have seemed almost powerless to tame the surging U.S. dollar. They agreed the currency was too high and, in the long run, threatened to aggravate the U.S. trade deficit. But their desultory attempts to push down the greenback prompted suspicion that the G-7 group had lost its clout. Last week the finance ministers made a concerted effort to bring the dollar down by intervening in the currency markets. The U.S. currency fell nearly 5% against the yen and about 4% against the deutsche mark by week...