Word: dollarized
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Dates: during 2000-2000
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...Pitino, taking a break from his current position as Most Hated Man in Boston Sports, took in the game at Lavietes Pavilion decked out in a thousand-dollar suit and shoes to match. On hand as a friend and the former boss of Willard, Pitino may have refrained from giving advice out loud, but by merely sitting there may have boosted the confidence of the Crusader players...
...multi-million dollar capital campaign may ease the organization's financial troubles in years to come, the group's summer programs are facing financial shortfalls...
...turmoil. I found myself saying that the surprising thing was that there was really no reason to worry. What was most amazing about that day, after people awoke to discover that our election had not produced a result, was that there were no tanks in the street, the dollar didn't collapse, mobs were not storming barricades, and people went off to work or to school a bit dazed and bemused, but not in fear...
EAST HEADS SOUTH Investing in Asia has never been for those with weak stomachs. Last year the region showed a sturdy recovery from its 1997 financial crisis. This year? Different story. In dollar terms, year to date, South Korea's stock market is down 48%, Taiwan's is down 36%, and Indonesia's is down 54%. Excluding fixed currencies such as the Hong Kong dollar and the Chinese renminbi, the majority of Asian currencies are having a difficult time maintaining their strengths. Looking for a bottom? Be patient. The region is marred by inflated oil prices and political unrest...
...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...