Word: dollarized
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Dates: during 2000-2009
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...pick between the Bosox and the Yankees, the 10-year Heineken veteran knows the value of "acting locally" as head of the largest importer of European brew to the U.S. "Local insights are critical, and a willingness for innovation," he says. His biggest challenges: maintaining prices despite the sliding dollar--and launching new products, such as a light beer planned for June. Now that's something Americans can raise their glasses to. --By Coco Masters
...watching during the Super Bowl until Janet Jackson's boob popped out and they stopped making the funny offensive ones? The ones you used to watch between acts of TV shows, before you got TiVo or started watching everything on DVD? Yes, well, there's still a multi-billion dollar industry based on the premise that people still watch and pay attention to them...
...when the website for the Chinese Communist Party mouthpiece People's Daily carried an erroneous story stating that China would soon revalue its currency, the yuan. China's central bank quickly dashed the expectation, saying it has no immediate plans to change the yuan's peg to the U.S. dollar. But the scare was enough to prompt all sorts of questions on the Chinese currency. We oblige with the answers...
...What's it worth now? Since 1998, the yuan has been valued at about 8.28 yuan to the greenback. China's economy is booming- suggesting a revaluation upward, which is what the U.S. would like. By keeping the yuan pegged to the dollar, whose value has declined against most currencies, Chinese exports have squeezed the profits of non-Chinese suppliers...
...First Classic Gaming Expo opens in Las Vegas. Vintage games sell for top dollar. Video-game nostalgia is officially a phenomenon...