Word: dollar
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Dates: during 1970-1979
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...were to say that the change has had no damaging effect at all, that would be wrong. There are still people who feel hurt psychologically. The two weeks after Dec. 16 [however] were the most unstable period. The stock market dropped, and the exchange rate between the U.S. dollar and the New Taiwan dollar on the black market rose to NT $43 for $1. Domestic and foreign investors seemed to be reconsidering their investments. But it seems to us that since January the situation has improved...
...horses." Quickly enough the young heir developed a passionate interest in what he described as "a game of chess with nature"-the breeding of horses -and today he reigns supreme over the French horse-racing establishment. His sport has led him into a bitter dispute over a multimillion-dollar string of Thoroughbreds...
...firm, favors putting a strict limit of 7 million bbl. per day on petroleum imports, which now average about 8 million bbl. daily; mandatory limits would probably result in gasoline rationing. Okun and other board members would increase Government financing of efforts to develop alternative energy sources. A multibillion-dollar effort would not only pay off in increased fuel supplies, but also bolster the nation's bargaining clout with OPEC; the cartel would recognize that its monopoly could not last forever. In any event, the nation must try to exploit all its energy options, including nuclear power...
...growing number of policymakers, including Carter and Kennedy, are convinced that the nation must slow the surge in health costs as part of any effort to control the general inflation that saps the economy and erodes the dollar. But any attempt to do so must be based on a clear understanding of why those costs are so high in the first place, and that understanding is not easy to acquire. The economics of medicine are so unlike those of any other market that even many doctors and hospital administrators find them illogical. Says Dr. David Thompson, director...
...hospitals for the care of Medicare-Medicaid patients is on a "cost plus" basis, and it asks few questions about the cost. Blue Shield and commercial insurers generally pay "usual, customary and reasonable" physicians' fees (U.C.R. in medical jargon). That gives doctors an incentive to charge all patients top dollar, so that they can establish those fees as U.C.R...