Word: dollarized
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Dates: during 2000-2000
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...credit, often used to hire researchers, is for 20% of R.-and-D. spending over a base amount typically defined by spending patterns for the preceding three years. There is no dollar limit, and the credit can be claimed every year...
...bigger potential danger, though, is a weakening of the almighty U.S. dollar. In view of the monstrous U.S. trade deficit--a hemorrhage of greenbacks spent on foreign goods that is currently heading toward $400 billion a year--it is a bit surprising that that hasn't happened already. The reason, says Blinder, is that "the representative centimillionaire in a neutral country like Switzerland or Singapore, sitting down to figure out where to put his last $10 million, is saying, 'The U.S. looks pretty good.'" So the dollars spilled abroad by the trade deficit come right back in the form...
...time since 1896--or, says Wyss, since the 1860s. And if those overseas centimillionaires change their mind about the best place to invest, the U.S. would get hit with a double whammy. It would lose some of the investment that has been keeping the boom going, and the dollar's value would fall, raising the cost of imports and the many U.S. products that are assembled partly from imported components. Feldstein figures a 15% drop in the dollar's value would translate into a two-percentage-point increase in the U.S. inflation rate. That, he fears, would be enough...
Whatever the methods they employ, many of those who go through the programs persuasively describe positive results: practical solutions to problems, increased job satisfaction, even advancement. Moreover, although there are no direct data, says Harvard's Thomas, corporations believe that coaching helps keep employees and that the dollar investment in it is far less than the cost of replacing an employee. Still, in encouraging folks to follow their feelings and develop their strengths, corporations are taking a risk: that their most valued employees may be coached right out the door. Companies accept this risk--because they have to. "I expect...
...George W. pointing out that the Strategic Oil Reserve was meant for wars and embargoes, not market fluctuations. And speaking of expediency, there's still the precedent of market meddling by an agency - the Department of Energy - that is institutionally unsuited for it. Oil prices are not the dollar or interest rates, and Bill Richardson is not Alan Greenspan. At least he shouldn't be. Bush might do well to point that...