Word: dollar
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Dates: during 1970-1979
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...BIONICS are multiplying like Texas Instruments' common stock. In addition to the Six Million Dollar Man and its automated rib-out, Bionic Woman, ABC has Holmes and Yoyo, featuring a robot programmed to do cops' work for kids' amusement. NBC recycles The Invisible Man as Gemini...
...freshman, Scott Van Duyne '80, sitting in the upper stands with a group of upperclassmen, said he found the pre-game spectacle "fascinating," but added that "I don't like all this garbage over here," indicating the groundwork for Harvard's multimillion-dollar athletic complex behind Soldiers Field stadium...
...Latin American-or indeed any-standards, the Mexican peso has been a remarkably stable currency. Since 1954 its exchange rate has not budged from 12.5 to the dollar. Mexicans were understandably astonished, therefore, when Treasury Minister Mario Ramon Beteta suddenly appeared on their TV screens last week to announce a change. From now on, he said, the peso would float freely-in other words, its value would be determined by supply and demand...
Though Beteta was careful to avoid saying so, the move amounts to a massive devaluation. By week's end the exchange rate sank below 20 pesos to the dollar. That might lure many more American tourists to sample the delights of Acapulco or poke around the Aztec ruins near Mexico City, since their dollars will buy more in Mexico. But it will also hurt the many other Americans who have poured investment money into Mexico, seeking interest rates of 12% or more...
...affected will be the investors who have poured billions into peso-dominated bonds and savings accounts. At the old exchange rate, for example, $2,000 would have bought a 25,000-peso bond that at 12% would pay interest equal to $240 a year. At 20 pesos to the dollar, the bondholder's principal has shrunk to $1,250, and his interest to $150 a year...