Word: dollarization
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Dates: during 1980-1989
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...first steps of "unusually severe, exceptional and emergency" measures designed to break the nation's hyperinflation (114% for June alone) and to restore confidence in its virtually insolvent government. Among them: a 90-day wage- and-price freeze, a 116% devaluation of the austral to 650 vs. the U.S. dollar and an aggressive privatization of most state-run companies. Because the end of many government subsidies will bring unavoidable price increases for some goods and services, all workers will be given a bonus of 8,000 australes ($12.30 at the new rate...
...multimillion-dollar fee, a corporate sponsor could get permission to use Juno's logo in its packaging and ads, possibly send company employees to the launching site and have its ads plastered on the Soyuz rocket and even the British astronaut's space suit. Says Saatchi spokesman Bill Jones: "If we are successful, this guy will go up looking like a racing driver...
...crew and rigged a makeshift antenna. After radioing shore, he guided the Chester out of the storm. Then, with the safety of his crew and cargo in mind, Hazelwood followed the storm back to New York -- and, to his surprise, ran into a brief storm of criticism from dollar-conscious superiors at Exxon who had wanted Hazelwood to continue the journey southward...
...hectic scene marked the latest and most dramatic stage of a three-way battle that has captured the attention of everyone from billion-dollar money & managers to Hollywood movie directors. At issue before Judge Allen was an effort by Paramount Communications to block Time Inc. from acquiring Warner Communications in a $14 billion friendly merger that would create the world's largest information and entertainment company. If the judge had granted Paramount's motion, which was joined by several major Time shareholders, Paramount could have pressed ahead with its hostile bid to acquire Time for $12 billion. But after...
CAPTION: Yen per dollar...