Word: dollarization
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Dates: during 1980-1989
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...sound is the Committee on Rights and Responsibilities, convening and shuffling its eyewitness testimony. The other is Harvard's bankers, counting out at last the dollar bills long ago promised for Quadrangle renovations...
...Harley-Davidson motorcycles, two racing boats and, oh yes, a helicopter? (No peeking at the picture.) The answer, from the ever grand Malcolm Forbes, is a brand-new yacht he discreetly describes as "dramatically restrained, in quiet taste, nothing opulent." At least not for someone who collects million-dollar Faberge eggs for fun. Last week 107 guests, including Secretary of State George Shultz and Chief Justice Warren Burger, came aboard to admire the $5 million, 151-ft. three-decker at the Forbes magazine tycoon's annual boat bash in Washington. The fifth Highlander (No. 4 was put up for sale...
...enhancing; the interest commandeered by catastrophes at sea is at least as old as the Odyssey. After eight months of repairs in Mobile, the destroyer Caldas prepares to sail home to Cartagena. The sailors bid farewell to onshore companions. "Our girlfriends wept," Velasco remembers, "and drank whiskey at a dollar and a half a bottle." This attention to specifics serves him well during what is to follow and gets him into trouble later on. For the Caldas does not run into a storm, as the official Colombian version of the incident will assert. The ship begins listing dangerously in high...
...step of declaring Sudan ineligible for additional assistance. The economic pinch forced Suwar al Dahab's 15-member ruling Transitional Military Council to increase taxes, raise prices on some basic foods and gasoline by as much as 50%, and devalue the Sudanese pound, currently at four pounds to the dollar...
Statistics reveal that Asian women are the lowest paid sector of the American labor force, earning an average 39 cents--in comparison to other women's 59 cents--share of the white male dollar...