Word: dollarization
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Dates: during 1980-1989
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...than Sylvester Stallone," boasts Lawrence Gleason, marketing chief for De Laurentiis Entertainment Group, the movie-production company owned by Filmmaker Dino De Laurentiis. And who is that superluminary? "Greed," says Gleason. The base emotion has a starring role in the U.S. opening of De Laurentiis' $10 million flick, Million Dollar Mystery, which premieres June 12. Mystery is the first movie to offer its audience a shot at a $1 million prize for solving the film's lost-treasure puzzle...
...banks rush to follow Citicorp's lead, the industry might be so weakened by losses that the Fed would eventually feel obliged to help out by putting downward pressure on interest rates. But that would run counter to the Fed's efforts to buoy up the weak U.S. dollar. Says Timothy Scala, money-market manager for Buffalo-based Manufacturers and Traders Trust: "This demonstrates just how grave the situation...
...though, is not the whole story. For the past 15 years, petrodollar- rich gulf states have provided a lucrative market for a vast array of Western products. Europe's export-dependent defense industries in particular have enjoyed a multibillion-dollar bonanza in the region. Although declining oil revenues in recent years have slowed the spending spree, the gulf remains an important market for West European and Japanese exporters. Last year British sales to the region were worth more than $8 billion, while French exports, excluding arms, brought in around $3 billion. The Japanese sold $6.8 billion in the region...
Everyone overlooked the fact that he was a career .239 hitter. And only a few months after the Astros signed him to a million-dollar deal, they dropped him like a lead weight...
...Jones Industrials, from January 3, 1986 to May 15, 1987; Economic growth, percent changes in real GNP at annual rates from 1986 to 1st quarter of 1987; and percent of civilian labor force unemployment for the same period. Three additional charts shown as potholes are labeled U.S. DOLLAR as indexed against ten currencies from January 1986 to May 1-15, 1987; INTEREST RATES, percent per year on 30-year Treasury bonds from July 1986 to May 1-15, 1987; and INFLATION, percent change in CPI at annual rates from 1986 to 1st quarter...