Word: dollarization
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Dates: during 1980-1989
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...knew I'd win a million, for some psychic reason," said Chronic Loser Terry Garrett, 39, a former heroin addict with a long arrest sheet. Sure enough, Garrett's number came up in the million-dollar spin of the California lottery last month, guaranteeing him $40,000 a year for the next 20 years. (The state withheld $200,000 for taxes.) Garrett, however, did not predict the sorry sequel to his story...
...guess I should ask for my dollar back," saidEdward W. McBride...
...Brookline resident, who has headed the multi-million-dollar health service since 1971, said he plans to retain his tenured Med School chair after leaving UHS, but will give up his professorship when he reaches the 70-year mandatory-retirement...
America's allies, who would prefer that the U.S. restrain domestic demand by cutting its budget deficit, jawboned back. European finance ministers and central bankers met on Sept. 21 at the Scottish resort of Gleneagles, and word leaked that the Europeans might intervene to prop up the greenback. The dollar thereupon rebounded...
...Chairman Paul Volcker roiled the markets further when he appeared on Wednesday before Congress. The dollar may have fallen far enough, he argued, in seeming contradiction to Baker. Responding to the apparent rift in the Administration, traders bid the dollar down...