Word: dollarized
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Dates: during 2000-2000
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...landlord wants to keep a grocery store when he can rent to Sprint, with its big pocket," Gifford says. "It's the almighty dollar that's changing things around here--it's just that simple...
...they had promises of $25 million but far less in hand. It was collection time, a chance for McAuliffe to demonstrate his trademark blend of cajoling and ribbing and his use of fund-raising argot--an old hand never needs to say the last three digits of the big dollar amounts. "You all pumped up for the event?" he asked Niranjan Shah, an engineering-firm executive in Chicago. "You got your 100 done?" Pause. "No, you're right. You don't have a choice." O'Keefe found sport in the next call as he dialed Cincinnati lawyer Stan Chesley...
...economy is growing, there's a good case for rate increases extending well into next year, and that's a bear-market recipe. In such a period, better turn off CNBC and quit reading the stock tables. Stay diversified. Keep contributing to your 401(k) plan. Dollar-cost-average into favorite blue chips and funds. In five years, you'll be happy you bought cheap. Investing is a long-term game. That's been easy to forget. But now it's impossible not to remember...
...fact, there was rejoicing all across the world. First the Asian markets, then the European bourses surged -- along with the yen and the euro -- on the prospect of the Big Bad American Economy being brought just a little bit low. See, the dollar, bolstered by investors and buttressed by rising interest rates, has been beating up the other currencies in the playground all spring. To keep their own currency up, the Europeans especially have felt pressure to hike their own rates along with Greenspan, thus endangering the nice little expansion they've got going over in euroland. Now everybody from...
They're the FICA of your phone bill: those mysterious three-, five- or 10-dollar charges that show up on your phone bill for services you don't really understand. They're called "access fees," and they're basically a tribute that your long-distance carrier has to pay your local phone company for using its wires (and part of the regulatory hangover still lingering after the breakup of AT&T). But never mind all that - they're about to go down. The FCC on Wednesday promised lower July phone bills for everyone after it slashed those fees...