Word: dollarized
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Dates: during 2000-2000
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...flurry of construction that was supposed to relieve the electric bottleneck has yet to arrive. Old-line utilities--which used to count on a guaranteed 5% to 7% profit--have been reluctant to invest in billion-dollar plants without understanding the vagaries of the free market, and upstart energy providers are still trying to figure out which markets are worth the hefty investments required. At the same time, the industry is plagued by an antiquated, balkanized transmission grid that wasn't built to wheel power from one region to another. "America is a superpower, but it's got the grid...
...20th annual Napa Valley Wine Auction for charity last month, collector Chase Bailey bid $500,000 for a single six-liter bottle of a 1992 Screaming Eagle Cabernet, the highest auction price ever paid for a bottle of wine. Under what circumstances do you imbibe a half-million-dollar bottle of wine? "I haven't the slightest idea," says Bailey. "Maybe we'll have a great party...
...social studies concentrator in Dunster house. She is working at the South Asia Human Rights Documentation Centre in New Delhi, India. She's eating too much curry, drinking too much domestic tequila and dreading returning to a country where a 30-minute cab ride costs more than a dollar...
...concerns have more to do with worries about audience (and advertising) share than any technical issues. And while some conservative Republicans have expressed remorse that their position will undercut grassroots religious programming, the message in their perfunctory hand-wringing is abundantly clear: In this case, at least, the almighty dollar is gospel on Capitol Hill...
...good returns. This year U.S. funds dedicated to Canadian stocks have surpassed most other international funds. Unlike the volatility experienced by Asia, Canada has maintained double-digit gains for the past five years, with an average rate of return of 13.17%. The cheap Canadian dollar has helped its exporting companies, such as telecom supplier Nortel, as well as domestic industries, such as tourism...