Word: dollarization
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Dates: during 1980-1989
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...fears about terrorism overseas, coupled with a low US dollar exchange rate and increased interest in the University's English as a Second Language program, have inflated student enrollment, forcing officials to scramble for additional housing space...
This summer America's theme parks expect their best season ever. Gas prices are stable in the U.S.; the dollar buys less abroad. The dark cloud radiating from Chernobyl is discouraging some tourists: "We postponed a trip to Scandinavia on account of the nuclear fallout," says Jack Arlitt, 66, who chose to see Opryland instead with his wife Oleis. Many others who might have planned a jaunt to Britain or the Continent are scared tripless by visions of Europe as a nightmare fantasyland filled with terrorists...
...Statue of Liberty's 100th anniversary party in New York harbor is still a month away, but people who bought U.S. coins minted to commemorate the event are already celebrating. The Liberty coins, which are available in sets containing a $5 gold piece, a silver dollar and a copper-and-nickel half- dollar, were originally put up for sale by the Treasury last October for $175 a set. They were an immediate hit with both Americans and foreign tourists. People bought the coins not only as souvenirs but as gifts for weddings, graduations and birthdays. In two months, the sets...
Still, the U.S. is left without an immediate practical alternative. Many multimillion-dollar satellites, which can take years to develop, have been designed for shuttle deployment. Not only the Pentagon but the National Oceanic and Atmospheric Administration and numerous private communications companies are eager for NASA to resume shuttle operations. So is the agency, which has already lost some $200 million in fees it would have collected from launch contracts that it has been forced to cancel since the Challenger disaster...
Although he declines to put a dollar value on his company's aid to Harvard, Exxon's Snook says that aid will diminish by between 30 and 40 percent next year. Snook says Exxon's significant cuts in grants to Harvard did not come in response to the CIA controversy and that they are in line with cuts in funding for similar centers across the country. The CIA controversy probably would have caused Exxon to reduce grants to Harvard if thouroughgoing cuts were not necessary anyway, Snook adds...