Word: 1980s
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...allowed it to float freely in currency markets, the subsequent dollar crash led to talk of establishing the SDR as global reserve currency. That faded when the high interest rates set by Federal Reserve Chairman Paul Volcker to throttle inflation lured foreigners back to the dollar in the early 1980s...
...just one sign that long before there was an immigration crisis in St. Helens, there was a globalization crisis. "This is a timber town that never came out of the recession in the 1980s," says Marcy Westerling, a longtime resident and pro-immigrant activist. Blessed by an abundance of Douglas fir and hemlock, the town once hummed with pulp plants, stud mills and palletmakers. A few decades ago, though, the mighty Columbia began delivering logs from Canada, then ready-made office paper from Asia. The financial swoon of 2008 was just a final insult to what remained of the town...
...That discomfort is exactly what the agencies count on. The idea of using costumed collectors dates back to the 1980s, when a company, the Cobrador del Frac (or Tuxedo Collector), began sending out agents dressed in black ties and driving cars emblazoned with the company logo. Others followed suit, in ever more extravagant getups, all of them banking on the debtor's sense of shame to motivate repayment. "Personal honor, your public image, is still very important in Spain," says José Romero of the Zorro Collectors. "If one of our agents shows up at an apartment, everyone...
China is laying out plans to dramatically reform its health care system by expanding coverage for hundreds of millions of farmers, migrant workers and city residents. To fix a system plagued by rising costs and diminishing access, the country is moving away from the market reforms introduced in the 1980s and returning to a more socialist health care system...
...price of drugs. The government has announced it will set price controls on medicines deemed to be essential, likely based on a list of 300 to 400 drugs recommended by the World Health Organization, the state-run Xinhua news service reported. Since market reforms were introduced in the 1980s, hospitals began relying on advanced procedures and drug sales to make money. Individual spending on pharmaceuticals rose as a result, and experts argue that profits sometimes drive what doctors prescribe. "When drugs take up 50% of health expenditures - two times more than other countries - there is a real problem with cost...