Word: dollarized
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Dates: during 2000-2000
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...rising at an unsustainable pace, making it perhaps the most serious problem facing the U.S. economy today," says TIME senior business writer Bernard Baumohl. "When America's foreign debt surges, foreigners are forced to hold more dollars. If they begin to dump those for fear of being overexposed, that would drive down the value of the dollar and make imports even more expensive, which would bring inflation. But the only way to convince nervous creditors to hold on to dollars may end up being to raise interest rates in order to give them a better return on their holdings...
...patient in South Africa will pay $15.87 a day for a particular medication produced by Pfizer, a price that represents twice the person's average daily income. But residents in Thailand will pay less than a dollar for the same dose because Pfizer holds no patent protection there...
...stock had dropped to $3.25 a share, stinging many investors. In a week it was back above a dollar, inspiring Colt to "laugh all the way to the bank...
Once again the dirty work was left to others. Major Bush backers financed a last-minute multimillion-dollar advertising barrage attacking McCain's environmental record while praising Bush--the kind of shady, unregulated dirty trick McCain has been railing against for so many years in the Senate. The candidate was powerless to respond. For his part, Bush was running ads in New York charging McCain with voting against breast-cancer research. When the Governor was asked whether he knew that McCain's sister had had the disease, his response was ice cold: "All the more reason to remind...
...from Andy Warhol's tribute to them. Now the stamps are being reborn on the Web--of course, at greenpoints.com You can get points by shopping at authorized sites such as Borders.com SmarterKids.com or JCPenney. You get 3,000 points upon enrolling, and 20 more currently for every dollar you spend. That gas grill you've always dreamed of can be yours for just 124,800 Greenpoints. At least there's no licking required...