Word: dollarized
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Dates: during 2000-2000
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...White House shrunk to fit in a shoebox. The sharpest, most dangerous legal brains on earth are folded up and stuffed into a three-block stretch of sleepy Tallahassee, borrowing strangers' desks, living on doughnuts, men and women who have negotiated treaties and broken monopolies and saved the dollar and brokered peace in the Middle East. "We win every day. We lose every day," said a top Gore soldier. "This place is totally rigged against us, and yet we are trying to do something no one has ever done before: change a presidential election...
...state in many years--and in the primaries the mud was flung against a G.O.P. friend and mentor. But that hard-won post proved too pedestrian for Harris. The job entails overseeing corporate filings, concealed-weapon permits and the state's election procedures. And so in her thousand-dollar power suits, Harris turned the office into a glamorous, globe-trotting Florida p.r. firm that lured business and ballet to the peninsula state...
...important to look beyond the election, though, because its bizarreness is merely masking a market that is already more confused than a Palm Beach voter. Equally ambiguous are readings of the economy, dollar and investor psychology...
...strong dollar? It diminishes the value of foreign earnings and makes U.S. goods less attractive abroad, hurting multinational companies like Gillette and Goodyear. But it's also luring tons of foreign investment to the U.S., putting a floor under stock and bond prices...
Mani and Ramdas, both 24, are on the low end of the ladder. Young programmers may earn $700 a month, and companies like software giant Infosys Technologies are introducing workers to America's stock-option business culture. As a result, more than 200 Infosys workers have become U.S.-dollar millionaires. "The IT industry has created more millionaires in the past five years than all of India's industries put together in the past 50 years," says Azim Premji, chairman of Wipro, another big software house with headquarters in Bangalore...