Word: dollarization
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Dates: during 1980-1989
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...second half of the year. They think that the 65% drop in oil prices since late last year, which has devastated the huge U.S. petroleum industry, will soon begin to stimulate investment by other businesses and increased spending by consumers. The fall in the value of the dollar, a 26% decline against major world currencies since early 1985, is expected to help reduce the trade deficit by making imports more expensive and American goods cheaper abroad. A turnaround in trade has been surprisingly slow in coming, but economists point out that changes in currency values usually affect trading patterns only...
President John F. Kennedy once said that with the possible exception of John Quincy Adams, Harriman held "as many important jobs as any American in our history." After migrating from Wall Street to Washington as one of the dollar-a-year "tame businessmen" supporting Franklin Roosevelt's New Deal, he went on to become wartime Ambassador to Moscow, Secretary of Commerce, Ambassador to Britain, European administrator of the Marshall Plan, Governor of New York and, in his 70s, Under Secretary of State. The titles scarcely matter; at pivotal points in the nation's history, Harriman always seemed to be there...
...arrived safely in Rangoon, armed, like all the other tourists, with a liter each of Johnnie Walker Red Label and a package of 555 cigarettes. As soon as we deplaned, the whispers began: "Whisky cigarettes? Whisky cigarettes?" The arithmetic is simple: a dollar is worth seven Burmese kyats at the official rate, but on the black market buys thirty, and $14 worth of duty-free whisky and cigarettes sell for 500 kyats in Rangoon, giving a 36-kyat exchange rate...
Between Mandalay and the "pagoda-studded plain of Pagan" lies a 27-hour boat trip down the Irrawaddy River. We had a choice between "cabin" and "deck" and for an extra dollar chose the cabin. Well, the deck looked like steerage, every square inch filled by a body or a basket of smelly goods. The cabin, however, was not much better. It consisted of three wooden bunks and a table, and we shared it with a wealthy Burmese family, their electrical appliances, and eight or nine monks with shaven heads and long orange robes...
...alien back alive, hoping it could be domesticated for use in the weapons division. Now Burke, who has the insinuating manner of an inside trader, is trying to do the same thing, but merely to advance his sleazy career. Perfectly capable of reminding Ripley and Hicks of "the substantial dollar value" of the space station when they propose blowing it up in order to rid the universe of aliens, he is a wonderfully observed, comical version of the mid-'80s yuppie...