Word: dollarized
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Dates: during 2000-2000
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...turns out, however, that Colombian traffickers weren't ready to raise the white flag. The billion-dollar cartels were replaced by more than 40 independent organizations that are difficult to penetrate and whose leaders have been just as enterprising as the old kingpins. When Peru and Bolivia put the squeeze on coca cultivation, the traffickers moved their crops to southern Colombia, which the government in Bogota had largely ceded to Marxist guerrillas. Then, improved refining techniques enabled traffickers to increase output. To combat the growers, the White House has asked for $1.6 billion in aid. For foreign...
...White House's radar screen. From February to June of last year, a period during which the Colombian crisis worsened, the top aide for Latin America on the National Security Council was detached to deal with Kosovo. With Republicans threatening last summer to ram through their own billion-dollar aid package, McCaffrey began lobbying the White House for a plan...
Another concern for Clinton is that Germany might be tempted to use the IMF chairmanship to deal with some of its own financial woes. "Germany is the central bank for the Euro, which has just dropped below the dollar," notes TIME international affairs correspondent William Dowell, referring to the E.U. currency, which was introduced in 1998 with a value greater than $1. "There's concern in Washington that a German-run IMF will put pressure on the U.S. economy to help build up the Euro. So a lot of people in the E.U. say this is an attempt to make...
...NOSE? With nearly 200 million of the coins in circulation four weeks after launch, the U.S. Mint's new Sacagawea Golden Dollar, top, is right on the money. Or is it? The Lewis and Clark Shoshone guide was given an "Ally McBeal nose job" by the Treasury after officials saw the artist's original design, complains the president of the Professional Numismatists Guild. Not so, says the Mint. Any differences (an earlier version of the coin is at right) are the result of mass-production limitations. Heads! Your call...
...George Washington chopped down his fatheris cherry tree, threw a silver dollar clear across the Potomac River, and had a nasty case of the pox - otherwise known as syphilis...