Word: rosing
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Dates: during 2000-2009
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...Andrew Rose, Bernard T. Rocca Professor of International Trade at the Haas School of Business at the University of California, Berkeley, sees local currencies as limited by their unwieldiness. "Money is primarily just a convenience for enabling exchanges between two parties. The more widely accepted, the more convenient it is," he says. If you need to use different currencies in different locations, the money then becomes less convenient...
...large financial institutions have anything to fear from the use of alternative currencies? Not at all, says Rose. "It's got to be so tiny. It has no effect at all," he says. Besides, he notes, the Fed doesn't care about currency or even the number of bills circulating in the economy. "The Fed cares about monetary policy and deal[s] with that in different ways...
...always comes up and never goes anywhere. That's partly because of our general loathing of taxes and suspicion of Washington and partly because the idea tends to come up when energy prices are rising and people find it hard to believe that it would be good if they rose even more. But a couple of things are different now. First, we have experienced the high energy prices that people in most of the rest of the world already live with, and we know we can live with them too. Four-dollar gasoline is no longer unthinkable...
...have health care. He set up English classes for foreigners, and started a trade school to train uneducated workers into higher positions," he recalls. Zimmel, the son of Jewish immigrants, started on the production line making automotive parts, attended Ford's night school to become an electrician, and quickly rose through the ranks to become an electrical instructor. "I'm not sure what I would have become if I didn't get a job at Ford. I took the best I could get at the time and I grew into other things, one that I feel helped...
...small, bare concrete plaza as the Canadian flag was raised, then lowered to half-staff. Next the Danish flag and finally the NATO flag were raised and left to rest at half-staff. A small group of soldiers from assorted countries stood at attention and saluted as the flags rose and fell. There were no American flags this day, but there soon will...