dollar

Federal Contractor Announces Multi-Million Dollar VA Projects

Hamilton Pacific Chamberlain is set to begin the safety updates this year




dollar

How RESTORE Health from California Salton Sea Lake's Contamination plus SAVE Billions dollars?

WHERE are Salton Sea Lake Soil Survey and Environmental Reports that California has been working on since 1960? If Studies are lost or not made – it is best invest to redo or update reports for the benefit of all.




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Berkshire Hathaway joins Trillion-Dollar Club as Seventh US Company in Market Value

Stay informed with expert analysis and real-time stock news to navigate today's fast-paced financial markets.




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Transforming Private-Pay Senior Care: eCaregivers Launches Home Care Platform Potentially Saving Families Up to Tens of Thousands of Dollars

Those seeking private-pay home care can now safely and securely connect with local home Care Providers and enjoy potential savings of up to 50% over traditional agencies.




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Cancer: Crosetto's Breakthrough Inventions with the Potential to Save Millions of Lives and Billions of Dollars Presented at World's Most Important Conference in Particle Physics and Medical Imaging

Italian-American scientist Dario Crosetto expresses his gratitude to the 2024 IEEE-NSS-MIC-RTSD General Chair and NSS Chairs for supporting Transparency in Science and calls for other scientific institutions to join them




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McDonald's - 15% off* with the minimum purchase of an Extra Value Meal or Kids Eat Free with purchase of an Extra Value Meal - Not valid with any other offer or discount, such as Dollar Menu items. Kids meal is an All American Meal (no toy) and kids

Valid Through: 10/31/2015
15% off* with the minimum purchase of an Extra Value Meal or Kids Eat Free with purchase of an Extra Value Meal - Not valid with any other offer or discount, such as Dollar Menu items. Kids meal is an All American Meal (no toy) and kids must be 10 or under. One meal per child, per paying adult. Plus applicable taxes.
6875 Sand Lake Rd.
Orlando, FL 32819




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4 Places BigLaw Is Putting Its Tech Budget Dollars

Scott Rechtschaffen talks about cybersecurity enhancements and the importance of investing in technology. 

Law360

View Article 




dollar

The dollar at the center of the world (Classic)

After World War II devastated the global economy, there was a push for a new universal currency. This is the story of how the U.S. dollar won. | Subscribe to our weekly newsletter here.

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dollar

The high cost of a strong dollar

When it comes to international trade and finance, everyone pretty much speaks one language: the U.S. dollar. So when the Federal Reserve hikes interest rates and the dollar suddenly gets strong, it can cause huge headaches all over the world.

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Dollarizing Argentina

Argentina has been on a decades-long search for economic stability, but it always seems to be out of reach. High inflation has been plaguing the country and just surpassed 160% a year.

Over the past couple of years, the local currency has collapsed. One U.S. dollar used to be worth 20 Argentinean pesos in 2018. Today, one U.S. dollar is worth 1,000 pesos on the black market. And that means for Argentineans, the real prices of everything — from groceries to gas — have spiked.

In a country where the local currency is in free fall, promising to replace that currency with the US dollar can seem like a magical solution.

Argentina's new president, Javier Milei, won in part by promising to do just that - to dollarize. To scrap Argentina's peso and replace it with the relatively stable, predictable, boring United States dollar.

On today's show, what does dollarizing mean? Why dollarize, how to do it, and will it even work?

For more:
A black market, a currency crisis, and a tango competition in Argentina (Apple, Spotify, NPR)
Venezuela's Fugitive Money Traders
Why Ecuador Uses The Dollar? : The Indicator from Planet Money

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Groundhog Day 2024: Trademark, bankruptcy, and the dollar that failed

It's Groundhog Day, and the eyes of the nation have turned to a small town in western Pennsylvania. And, just like last year, all anyone can talk about is Punxsutawney Phil! It is impossible to find a news story that is not about one furry prognosticator.

Well, almost impossible...

Once again, our Planet Money hosts find themselves trapped in the endless Groundhog Day news cycle, and their only way out is to discover an economics story from Groundhog Day itself interesting enough to appease the capricious Groundhog Gods!

So rise and shine campers (and don't forget your booties) as hosts Kenny Malone and Amanda Aronczyk scour the news of February 2nds past, to try to find the perfect story.

This episode was hosted by Kenny Malone and Amanda Aronczyk. It was produced by Sam Yellowhorse Kesler. It was edited by Keith Romer, and engineered by Valentina Rodríguez Sánchez. It was fact-checked by James Sneed. Our executive producer is Alex Goldmark.

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in Apple Podcasts or at plus.npr.org/planetmoney.

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The billion dollar war behind U.S. rum

When you buy a bottle of rum in the United States, by law nearly all the federal taxes on that rum must be sent to Puerto Rico and the U.S. Virgin Islands. It's an unusual system that Congress designed decades ago to help fund these two U.S. territories. In 2021 alone, these rum tax payments added up to more than $700 million.

Puerto Rico and the Virgin Islands split the money according to how much rum each territory produces. And the territories produce a lot of it — especially Puerto Rico, which single handedly supplies the majority of the rum that Americans drink.

But in 2008, the U.S. Virgin Islands pulled off a coup. It convinced one of the largest rum brands in the world, Captain Morgan, to abandon Puerto Rico and to shift its operations to the tiny island of St. Croix.

This was the beginning of the Rum Wars.

On today's show, the story of how a scheme designed to help Puerto Rico and the U.S. Virgin Islands turned them into bitter rivals. And how it ended up putting hundreds of millions of dollars a year — U.S. taxpayer dollars — into the pockets of big liquor companies instead.

This episode was hosted by Jeff Guo and Sarah Gonzalez. It was produced by James Sneed with help from Sam Yellowhorse Kesler. It was edited by Molly Messick, engineered by Cena Loffredo, and fact checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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How much of your tax dollars are going to Israel and Ukraine

There's been a lot of disagreement in Congress and in the country about whether the U.S. should continue to financially support the wars in Ukraine and Gaza.

Some taxpayers don't think the U.S. should give Ukraine any money to fight off Russia's invasion. And some taxpayers have concerns about how they might be funding weapons that have been used to kill civilians in Gaza. And there are questions about how much individual taxpayers contribute to war efforts, generally.

So in this episode, we attempt to do the math: The average taxpayers' contribution to Israel and Ukraine. It's not so simple. But in attempting to do this math, we get this window into the role of our tax dollars on foreign assistance, and how the U.S. sells weapons to other countries.

For links to some of the reports we looked at to report this episode, check out the episode page on NPR.org.

This episode was hosted by Sarah Gonzalez and Alexi Horowitz-Ghazi. It was produced by Sam Yellowhorse Kesler and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Robert Rodriguez. Alex Goldmark is our executive producer.

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Summer School 4: Banker vs president and the birth of the dollar

Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.

Planet Money Summer School has arrived at the birth of the United States and the chance to set up a whole new economy from scratch. Should there be a centralized bank? Should there be a single currency? We'll travel to two moments in the country's early history when the founders said "nope" to these questions and see what happened.

First we'll witness one of the great economic battles in U.S. history – the president of the United States versus the president of the Bank of the United States – and see how the outcome ushered in an age of financial panics. Then we'll drop in on a time before the U.S. dollar existed as we know it, when you could buy things using one of about 8,000 forms of money circulating in the country. We watch as the Civil War leads to the first standard currency. Along the way, we'll learn why the cycle of economic booms and busts persists to today despite efforts to centralize America's economy throughout history.

This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

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UCLA evaluates L.A.’s plan to invest billions of dollars in wastewater recycling infrastructure

Pure Water LA/Operation Next would increase the resiliency of drinking water supplies to future costs, earthquakes and climate-induced drought.




dollar

Billion Dollar Storms vs U.S. Electric Grid

Severe weather is the single leading cause of power outages in the United States. Outages caused by severe weather such as thunderstorms, hurricanes and blizzards account for 58 percent of outages observed since 2002 and 87 percent of outages affecting... Read more

The post Billion Dollar Storms vs U.S. Electric Grid appeared first on EEP - Electrical Engineering Portal.




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USDJPY Technical Analysis – The US Dollar is back in the driving seat

Fundamental Overview

The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might also be seeing some pre-positioning into a potentially hot US CPI report tomorrow.

At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.

The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Moreover, the red sweep could increase those fears if the progress on inflation stalls, or worse, reverses.

USDJPY Technical Analysis – Daily Timeframe

On the daily chart, we can see that USDJPY continues to consolidate above the key 152.00 support zone maintaining a bullish bias. If we were to get another pullback into the support, we can expect the buyers to step in once again to position for a rally into the 160.00 handle. The sellers, on the other hand, will want to see the price breaking lower to pile in for a drop into the 148.00 handle next.

USDJPY Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have a minor upward trendline defining the current bullish momentum. The price recently bounced near the trendline and we can expect the buyers to keep leaning on it, while the sellers will look for a break lower to gain more conviction for a bigger correction to the downside.

USDJPY Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor support zone around the 153.40 level. This is where the buyers are stepping in with a defined risk below the zone to position for the continuation of the uptrend. The sellers, on the other hand, will want to see the price breaking lower to target a pullback into the trendline. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

See the video below

This article was written by Giuseppe Dellamotta at www.forexlive.com.




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GBPUSD Technical Analysis – The US Dollar restarted its run

Fundamental Overview

The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might also be seeing some pre-positioning into a potentially hot US CPI report tomorrow.

At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.

The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Moreover, the red sweep could increase those fears if the progress on inflation stalls, or worse, reverses.

On the GBP side, this morning we got the UK labour market report and although the data was mostly mixed, it leant more on the dovish side. Overall though, it didn’t change anything for the market or the BoE.

GBPUSD Technical Analysis – Daily Timeframe

On the daily chart, we can see that GBPUSD broke through the support zone around the 1.2840 level and extended the drop as more sellers piled in. The natural target should be the swing low at 1.2665 level. That’s where we can expect the buyers to step in with a defined risk below the level to position for a rally back into the 1.28 handle.

GBPUSD Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see more clearly the break of the support which was defining the range between the 1.2840 support and the 1.3040 resistance. If the price retests the support now turned resistance, we can expect the sellers to step in with a defined risk above the level to position for a drop into the 1.2665 level next. The buyers, on the other hand, will want to see the price breaking higher to position for a rally back into the 1.3040 resistance.

GBPUSD Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor downward trendline defining the current bearish momentum. The sellers will likely keep on leaning on it to position for new lows, while the buyers will look for a break higher to pile in for a rally into new highs. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

This article was written by Giuseppe Dellamotta at www.forexlive.com.




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Lomborg: UN climate conference — just an excuse to shake West down for cash – UN seeking financing ‘from billions of US dollars per year to trillions of US dollars’

https://nypost.com/2024/11/11/opinion/un-climate-conference-just-an-excuse-to-shake-west-down-for-cash/ By Bjorn Lomborg The UN climate summit in Azerbaijan kicked off Monday in the shadow of Donald Trump’s election and with many key leaders not even showing up. With low expectations set before it even began, the summit will nonetheless see grandiose speeches on the need for a vast flow of money from rich countries to poorer ones. […]




dollar

Musk's backing of Trump sees Tesla's value rise above the trillion dollar mark

Musk's backing of Trump sees Tesla's value rise above the trillion dollar mark




dollar

Foundation honoring 'Star Trek' creator offers million-dollar prize to develop AI that's 'used for good'

The Gene Roddenberry foundation will award $1 million to an early-stage venture focused on harnessing artificial intelligence in service of humanity.




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Eastern Washington ranching mogul Cody Easterday wagered hundreds of millions of dollars on the price of beef. He lost.

By Lee van der Voo, High Country News…



  • News/Local News


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Letters: Denver does not need Ball Arena development and Kroenke doesn’t need another billion dollars

"Please, Mr. Kroenke. You have your 124,000 playground ranch and billions in cash. Can't we have some space? How much money do you need?"




dollar

Adams County man gets 192 years of prison time for double Dollar Store shooting

Johnny McCaslin, 51, was sentenced to 192 years in prison last week for the 2021 Dollar General Store shooting in Adams County that sent a mother and her son to the hospital.




dollar

OBA: ‘Inexcusable Waste Of Taxpayers Dollars’

[Updated with video] “This inexcusable waste of taxpayers dollars lies squarely with Premier Burt and his colleagues,” OBA MP Craig Cannonier said following the government’s announcement that a “decision was made to pivot the Bermudiana Beach Resort to residential rental units.” The property, originally called Grand Atlantic, was built over a decade ago as a housing development, only […]




dollar

A billion dollars short: A progress report on the Planetary Decadal Survey

NASA is underfunding planetary exploration relative to recommendations made by the National Academies Decadal Survey report, resulting in mission delays and cancelations.




dollar

Yen Weakens to 155 Against Dollar, Raising Intervention Risk

In This Article: (Bloomberg) -- The yen weakened beyond 155 per dollar for the first time since July, raising the risk that Japan will enter the currency market to try to slow the depreciation. Most Read from Bloomberg The Japanese currency slid as much as 0.4% to 155.15 against the dollar,…




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If You Find These “Beautiful” $1 Mason Jars at Dollar Tree, Grab 6

They’re “so pretty,” one shopper wrote. READ MORE...





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Fauci Received 15 Million Dollars In Taxpayer Funds For Private Security Detail, Report Says

By Eireann Van Natta Dr. Anthony Fauci was granted $15 million in taxpayer-funded security as a private citizen, according to a new report. An agreement between the U.S. Marshals Service (USMS) and the U.S. Department of Health and Human Services (HHS) provided Fauci protection from Jan. 4, 2023 to Sept. 20, 2024, according to FOIA documents […]

The post Fauci Received 15 Million Dollars In Taxpayer Funds For Private Security Detail, Report Says appeared first on Liberty Unyielding.



  • Law and Government

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Flaring in MENA: The Multibillion Dollar Decarbonization Lever

15 July 2020

Adel Hamaizia

Associate Fellow, Middle East and North Africa Programme

Dr Mark Davis

CEO, Capterio
The climate crisis and ‘energy transition’ is driving a response from the oil and gas industry to decarbonize, with flaring – the deliberate combustion of gas associated with oil production – as a critical lever, especially in the Middle East and North Africa, write Adel Hamaizia and Mark Davis.

2020-07-15-Flare-Oil-Iraq

Iraqi Southern Oil Company engineers look towards the flares in the Zubair oil field in southern Iraq. Photo by ESSAM -AL-SUDANI/AFP via Getty Images.

Flaring is a significant source of economic and environmental waste. Except when safety-related, flared gas can often be captured and monetised using low-cost proven solutions.

In doing so, governments can improve health and safety, reduce emissions (of carbon dioxide, methane, and particulates) and add value by driving up revenue, increasing reserves and production, creating jobs and improving the industry’s ‘social license to operate’.

Flare capture also helps countries to deliver on the Paris Agreement and the UN’s Sustainable Development Goal #13 while, for example, providing affordable alternatives for heating and cooking.

The Middle East and North Africa (MENA) region accounts for 40% of the world’s flaring. In the region, flaring has increased year-on-year - apart from 2018 - to almost six billion cubic feet of gas per day, generating up to 300-500 million tonnes of CO2-equivalent emissions per year.

These emissions result not only from the combustion of gas, but also from the venting, from inefficient flares, of un-combusted methane, a more potent greenhouse gas. Yet much of this is avoidable.

There are many commercially attractive options to reduce flaring in MENA. The key is to use the right proven technology and to be agile in commercial structuring. And the prize could be a boost to MENA’s annual revenues by up to $200 per second (up to $6.4 billion per year) by delivering wasted gas to market by pipeline, as power or in liquid form.

The chart highlights the abundance of flaring across the MENA region, and in many cases, their proximity to population centres. While Iran, Iraq, and Algeria generate 75% of MENA’s flaring, Saudi Arabia, Kuwait, UAE and Qatar are notable for their relatively low ‘flaring intensity’ i.e. flaring normalized to oil production.

In today’s world of lower energy prices, it makes sense to monetise every molecule. Even more so for national oil companies, which are responsible for most of the flaring, since they are not only the custodians of their countries’ natural resources, but they also generate a dominant source of government revenue.

Most oil producers in MENA have already made commitments to the World Bank’s flaring-reduction initiatives (e.g. ‘Zero Routine Flaring by 2030’), but to date, delivery is mostly lacking. Three main issues have hindered progress.

Firstly, operators, regulators, and governments highlight that flaring is often not ‘sufficiently on the radar’. Flaring is often underreported if not ignored or denied - although satellite detection gives unavoidable transparency. In MENA alone, more than 1,700 flare clusters are visible every day from space.

Secondly, flare capture is sometimes not perceived to be economically viable due to costs, taxes, or inappropriate technology. Thirdly, there are often issues around resources, especially concerning management bandwidth, delivery capabilities or financing.

Yet these issues can be solved if the right proven technologies are combined with the right commercial structures. To accelerate flare capture projects, stakeholders in the MENA hydrocarbons sector must consider several complementary, action-oriented initiatives.

In particular, they should:

  • Promote transparency and disclosure to drive greater awareness of flaring. Governments, regulators and operators must understand the real scale of their gas flaring opportunity and be capable of acting, as a recent report for the EBRD on Egypt highlighted. Compliance with clear standards for measuring, monitoring and verification is critical.
  • Advance policies and incentives which encourage action. Better commercial terms will incentivise and accelerate flare investments. Stronger penalties will help, but independent and capable regulators must actually enforce these penalties. Through the use of such clear anti-flaring policies, Norway’s flaring intensity is almost 20 times lower than the MENA region.
  • Improve the investment climate, beyond economics and open access to a broader range of players. Local market failures can be avoided by reducing the complexity and cost of in-country operations and by removing excessive, rigid, or redundant regulations. By enabling greater ‘third-party’ access to gas and power projects and infrastructure, new players can accelerate change by deploying new technologies and new operating models. Better third-party access will also unlock ideas, capital, skills and project-specific financing options. Algeria is making steps towards such liberalisation through its new 2019 Hydrocarbon Law.
  • Reduce subsidies and improve energy efficiency and reduce demand, increase gas exports and boost national revenues. Countries with large subsidies on transport fuels and power, such as Algeria and Iraq, stand to gain the most.
  • Encourage collaboration between stakeholders in industry and government by creating working groups to radiate best practices, build capacity, deploy technology and local content, such as the flare minimization programme in Saudi Arabia or Iraq’s major flare-to-power project operated by the Basrah Gas Company.

The industry needs to prepare for a greener world after COVID-19 and investors and consumers are demanding cleaner fuels. Since gas is widely viewed as a transition fuel, MENA governments and stakeholders must work to eliminate its wastage and seize the revenue, production and environmental opportunities that flare capture projects offer.

There is much new leadership in the region in government and critical institutions with new mandates for change. The time to act is now.




dollar

Has the Dollar Started Its Long Decline?

28 August 2020

Jim O'Neill

Chair, Chatham House
Ultimately, the dollar’s dominance cannot persistently outweigh the relative decline of the US economy in the world. At some point, it will start to be replaced by something else. But don’t confuse that with where the dollar’s price is heading against other currencies.

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A statue of George Washington is pictured in front of the New York Stock Exchange (NYSE) on 16 March 2020, at Wall Street in New York City. Photo by JOHANNES EISELE/AFP via Getty Images.

One of the features of financial markets since early summer has been a decline in the value of the dollar against many currencies, and with it, an especially interesting acceleration in the price of gold. In addition to the usual professional market analysis about the dollar’s movement, this has led to speculation that it might be the beginning of the end of the dollar’s pre-eminence.

Having spent far too much of my professional life as a supposed currency expert, I reiterate something I learnt early on: the foreign exchange business sometimes grants an analyst their 15 minutes of fame, but no expert is a match for the millions who participate in this huge global market all day long. But I spent over 30 years in the financial markets, the vast majority in the hubbub of the forex market. And along the journey, I think I learnt a few tricks of the trade.

At the core of trying to answer questions about the dollar, I learnt a long time ago that there are two entirely separate questions, one of which has two subsections, about the dollar. Firstly, there is the question about the use of the dollar. Will it continue to dominate the world’s financial system as the most widely accepted medium of exchange?

This is not at all the same issue as the dollar’s day-to-day performance against other currencies. This is the second question, which is almost definitely the most pertinent one to what has happened during the summer. How the dollar’s value moves against other currencies is driven by a structural, or a valuation component, and a cyclical component. Each can be analysed separately, and if you were daft enough to devote the years I did to the process, you can combine the two, to have a dynamically adjusted fair value, persuading yourself at least that such an approach combines all available information at any point in time.

In terms of valuation, the most common approach is so-called purchasing power parity, which holds that a currency, in equilibrium, will ultimately reflect the difference in prices between two countries. If inflation is persistently higher in the US than in the eurozone, then the equilibrium value of the dollar will decline over time. I developed my own version of equilibrium currency rates, as it seemed to me in the real world, that the real inflation adjusted value of a currency was not stable, and that it moved over time. This was a reflection of productivity differentials between two countries. I christened it GSDEER: 'the Goldman Sachs Dynamic Equilibrium Real Exchange Rate' when I joined the firm in 1995.

What I learned is that when a currency is more than two standard deviations away from its fair value, it makes a huge amount of sense to watch closely, and when the momentum changes, it is worth going with this trend reversal. The momentum can change based on a change in the forces that have driven the currency away from its fair value, although it can be often easier to detect simply by watching the change in price.

One of the things that has frustrated currency participants over the past decade, with the exception of the Swiss franc and the pound, is that other major currencies have not been that far away from their fair value against the dollar or each other. Even during the dollar’s rise in recent years, including the period up to the summer, while it had clearly become overvalued, with the possible exception of the pound, it hadn’t become more than two standard deviations above its own fair value. In this regard, I have believed that one might be on the lookout for a chance to buy the pound against the dollar, and perhaps against the yen.

The cyclical component of a currency’s movement around its conceptual equilibrium can perhaps best be captured in the nominal interest rate adjusted for inflation expectations. I persuaded myself that the actual spot exchange rate of the dollar on any one day should be close to the adjusted GSDEER, and if it was not, then it would be useful for traders.

The dollar had become more interesting pre-COVID, as it appeared to have risen notably against many currencies, including the euro. And in this regard, the dollar was highly susceptible, and has turned out to be actually vulnerable, to a change in the state of the US and euro area economies. Now that the Federal Reserve has returned to extremely expansive monetary policy, and with it, lower real interest rates, a dollar decline seemed pretty inevitable.

At current prices, on 26 August, the dollar still seems modestly expensive compared to dynamically adjusted fair value. The dollar decline could persist. In the late 1980s and mid 1990s, the dollar fell to very low levels and became very undervalued — this tended to coincide with widespread talk about the dollar’s preeminence, which turned out to be, at least for that era, wrong. And I do share the views of some people who believe, as a result of US policies, conditions are more conducive to a sustained period of dollar weakness. This requires strong ongoing evidence that Europe, China and much of the rest of Asia continue to manage COVID-19 better than the US, and that their cyclical recoveries from the pandemic continue to surprise relative to the US.

Now as for the first question, about the demise of the dollar’s dominance, let me repeat that this is largely a separate issue, but I encourage any reader to be careful about getting sucked into this belief in making an investment or hedging decision.

It is quite possible that the use of the dollar can decline, and start off a systematic decline even when its value is strong. Indeed, in the past couple of years when its value was largely rising, decisions made by US policymakers to use the dollar’s dominance as a way of penalising other countries has resulted in those countries reducing their share of dollar currency reserves. Russia is a particular example, and there is some modest evidence that China is doing likewise.

And the opposite can also be true.

Ultimately, the dollar’s dominance cannot persistently outweigh the relative decline of the US economy in the world, which has been occurring now for 20 years. At some point, it will start to be replaced by something else. Whether that is, the renminbi, the euro, Bitcoin, the return of gold — all are conceivable, and may happen. It might be starting now. But don’t confuse that with where the dollar’s price is heading against other currencies in coming days, weeks, or in 2021.

This article was originally published in The Article.




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North Carolina Awards $12 Million Dollar Grant to Improve Literacy Instruction

A $12.2 million dollar grant from the state Department of Public Instruction will go to a program based at North Carolina State University to provide additional training literacy training to teachers in 16 high-needs districts across the state.




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Christopher Gray's Scholly App Is Bringing Millions of Dollars to College Students in Need

Christopher Gray | Smithsonian Magazine’s 2016 American Ingenuity Award Winner for Youth Achievement Christopher Gray is the founder and CEO of Scholly, the groundbreaking web and mobile app that matches current or future college students who need financial support with scholarships that can help them. Scholly has been downloaded 850,000 times and has connected college students with some $50 million in scholarships. Philadelphia-based Gray, an ABC “Shark Tank” winner and recipient of a $100,000 grant from philanthropist Steve Case’s Rise of the Rest competition, sees his digital platform as a 21st-century tool for helping countless young Americans achieve their college dreams without piling on crushing debt.




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Rare Gretzky card case from Sask. back on the market after multimillion-dollar deal collapsed

A box found in a Saskatchewan attic, potentially holding millions of dollars worth of hockey cards, is going back up for auction after the original winning bidder never paid up, according to the auction company.



  • News/Canada/Saskatchewan

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News24 Business | Rand benefits from dollar weakness as US election, likely Fed rate cut loom

The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields.




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News24 Business | SA sells first dollar bond since 2022, raises R63bn

South Africa’s first dollar bond sale since 2022 drew strong demand, signalling confidence in a coalition government formed after May elections.




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Affordable Housing Development Gets A Significant Boost from Delaware’s American Rescue Plan Act Dollars

Millions are currently available for housing projects; Millions more are in the pipeline Dover, Del. April 18, 2023 – The Delaware State Housing Authority (DSHA) has successfully launched two new affordable housing development programs funded by the American Rescue Plan Act (ARPA). Both programs are part of a multi-tiered approach to address the state’s housing crisis […]



  • Delaware State Housing Authority
  • ARPA

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Rupee At All-Time Low Of Rs 84.40 Against US Dollar In Early Trade

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit.




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Rupee At All-Time Low Of Rs 84.40 Against US Dollar In Early Trade

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit.




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Delaware to Regulate Multi-Billion-Dollar Pharmacy Benefit Manager Industry, Protecting Consumers and Local Businesses

Department of Insurance will lead effort to rein in monopolistic behavior and excessive pharmaceutical costs Insurance Commissioner Trinidad Navarro announced today that the Delaware Department of Insurance will begin the process of building and enforcing regulations regarding Pharmacy Benefit Managers (PBMs) as a new law goes into effect. The new authorities of the department will […]




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In Hawai‘i and the Pacific Islands, Climate Change Means Billions of Dollars of Coastal Damage, Widespread Coral Death and Human Health Risks, Official US Assessment Finds

In Hawai‘i and the Pacific Islands, Climate Change Means Billions of Dollars of Coastal Damage, Widespread Coral Death and Human Health Risks, Official US Assessment Finds In Hawai‘i and the Pacific Islands, Climate Change Means Billions of Dollars of Coastal Damage, Widespread Coral Death and Human Health Risks, Official US Assessment Finds
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News Release

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News Release

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Dealing with Dollarization: What Options for the Transitional Economies of Southeast Asia?

What should the transitional economies of Southeast Asia do, if anything, to address their multiple currency situations?



  • Publications/Papers and Briefs

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Dollarization and the Multiple Currency Phenomenon in Lao PDR: Costs, Benefits and Policy Options

This paper examines the costs and benefits of the multiple currency phenomenon in Lao PDR and considers options in terms of policy response.



  • Publications/Papers and Briefs

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233602: Finance minister Tarin on budgets, CSF dollar fund, and Pakistan's improving economic outlook

Tarin requested that an additional $500 million of U.S. assistance flow through the GOP - in addition to the $174 million already committed - to bolster GOP credibility and allow the GOP to more adequately support its priorities.




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JOHN SCULLEY LAUNCHES NEW BOOK AND MULTIMEDIA BUSINESS LEARNING SERIES TO HELP ENTREPRENEURS BUILD TRANSFORMATIVE BILLION DOLLAR BUSINESSES - John Sculley introduces his new multimedia business[...]

John Sculley introduces his new multimedia business learning series �How to Build a Successful Business�




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THE ONCE AND FUTURE JEWEL OF THE JERSEY SHORE: HISTORIC, MULTI-BILLION-DOLLAR REDEVELOPMENT TO RESHAPE, RECLAIM, AND REVIVE ASBURY PARK WATERFRONT - The Asbury Park Waterfront

The Asbury Park Waterfront




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Billion-Dollar Bribes




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Multimillion Dollar Grant Awarded to Sutter Health to Further Improve Patient Care

Multimillion Dollar Grant Awarded to Sutter Health to Further Improve Patient Care