Word: dollarization
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Dates: during 1980-1989
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Undergraduate Council Chairman Richard S. Eisert '88 said he is hoping "at least 1000" students will pay the three-dollar admission charge to dance to the music of Robespierre and help consume 30 kegs of beer...
...Preacher Aimee Semple McPherson was accused of faking her own kidnaping in the Roaring Twenties has the nation witnessed a spectacle to compare with the lurid adultery-and-hush-money scandal that has forced a husband-and-wife team of televangelists, Jim and Tammy Bakker, to abandon their multimillion-dollar spiritual empire and seek luxurious refuge in Palm Springs, Calif...
...sanctions come during a time of relative economic hardship for Japan and political difficulties for its Prime Minister, Yasuhiro Nakasone. Under heavy pressure from the U.S., Japan has allowed its yen to appreciate 43% against the dollar during the past two years, which has pinched the country's economic growth and pushed unemployment to 3% for the first time in decades. The new sanctions would go into effect only two weeks before a planned visit to Washington by Nakasone, who was hoping for a show of friendliness with Reagan that might boost his support at home...
Underscoring the urgency of the trade problem was a dramatic plunge in the U.S. dollar last week to a new postwar low of 147 yen, despite efforts by central bankers to stabilize the currency. Global money traders sent the dollar reeling because they expected that the currency might have to fall further if the U.S. is to slash its trade deficit. But sentiment is rising in Washington that protectionism is preferable to watching the dollar sink ever lower. Though the U.S. and Japan may not yet be engaged in a full-scale trade war, what used to be a heated...
...island's ascent as a spring destination comes partly at the expense of Florida's sybaritic stretch. Fort Lauderdale, for example, has tried to discourage collegiate revelers by building a beachfront wall and tightly enforcing drinking laws. Some venturesome students are taking advantage of the strong dollar or bargain excursions by flying to resorts in Mexico and the Caribbean, but the sand-covered, 34-mile-long sliver of South Padre Island has proved to be an inexpensive and enticing alternative to Florida...