Word: dollarization
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Dates: during 1980-1989
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...written four books on relations between the two superpowers. Early on, Talbott spotted Gorbachev as a political comer -- a little too early, it turned out. "When Yuri Andropov died in February of '84," he recalls, "we had an office pool on the succession, and I put a dollar on the dark horse, Gorbachev. I lost. It wasn't until Konstantin Chernenko's death 13 months later that...
...difficult to understand how the Reagan Administration, which is so suspicious of everything the U.S.S.R. says and does, could allow the Soviets to provide both the labor and materials to build our multimillion-dollar Moscow embassy. And then when it is finished, we are surprised to find it riddled with bugs ((NATION, June 29)). Now Americans are asked to spend millions of dollars more to correct it. I find that amazing, incomprehensible and stupid...
...linked to adequate public transport, millions of women have entered the work force and are new rush-hour drivers, ingenious alternatives seem to get stymied by lack of imagination or money or both, and, above all, gas is cheap. In places where gas is still below a dollar, many drivers have reverted to old habits, and in some parts of the U.S. a two-occupant car is about as common as a bald eagle...
Minkow made himself over too. A scrawny, hyperactive youth, he became a body builder to attract girls. "I was no James Bond in high school," he told an interviewer. "I wanted the attention." He drove a bright red Ferrari, lived a bachelor's life in a million-dollar home and lolled around in a backyard swimming pool with a big black Z on the bottom...
...contradictions, it looked as if Minkow was going to come out of the controversy relatively unscathed. Then, two weeks ago, he abruptly resigned from the company he had founded, citing unspecified health problems. Four days later, ZZZZ Best's new management filed a suit charging Minkow with several multimillion-dollar deceptions, including allegations that he had withdrawn $3 million from company accounts for his own personal use and diverted an additional $18 million in company funds to a firm owned by an associate...