Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...this from a man who was a virtual unknown outside of the business community a few years ago. Ueberroth founded and built from scratch a multi-million dollar travel company, and he has achieved his success by exploiting the patriotic values of hard work and clean living. First as the Olympic organizer who made the carrying of the torch a national happening and then as the visible mover and shaker in the apple-pie job of baseball commissioner, Ueberroth has touched a chord of Americana. It is a call coinciding with the rejuvenated patriotism that is the hallmark...
...seven-nation economic summit in Tokyo last month to pave the way toward an unprecedented third term. Instead, he was widely denounced for his handling of the meeting. His vaunted friendship with President Reagan produced no progress on stabilizing the yen, which has risen more than 30% against the dollar since September, cutting into the competitiveness of Japanese exports. After lobbying for rigid caps on currency fluctuations, Nakasone reluctantly went along with the other summit leaders and agreed to a vague system of monitoring exchange rates. To make matters worse, he appeared to bend to American wishes by agreeing...
...M.I.T. are intellectual nation-states that attract and breed talent. An informal estimate of the number of companies started by M.I.T. graduates easily reaches 1,000. Today, M.I.T.'s artificial intelligence laboratory is considered the prime incubator for this new technology, which economists estimate will become a billion-dollar industry by the end of the decade. "The selling of our wits," as M.I.T. Industrial Expert David Birch calls it, is a Massachusetts growth industry...
...swingers. 'SEXPO' BIG FLOP FOR GIRLS, headlined the paper. Shoppers are not lacking for other wares, however, from hot-weather Guayabera shirts at the Cuban exhibit to cold-weather Eskimo parkas and beautiful hand-knitted sweaters at the various Canadian exhibits. Because of a favorable exchange rate (the Canadian dollar is now worth 73 cents), prices are relatively cheap for Americans and even cheaper for foreigners equipped with superstrong currencies like...
Baker called the recent gathering of powers in Tokyo "the best summit we ever had." But when asked how far he was willing to let the dollar drop, Baker refused comment on the grounds that his words would affect the market...