Word: dollarization
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Dates: during 1980-1989
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...dollar comes down from its recent flight of fancy, will the fall be dangerously fast? Only a month ago, the currency was rising so relentlessly that economists were concerned that its strength would worsen the trade deficit by making U.S. exports too costly. That fear seemed misplaced last week as the dollar plunged to a level some 7.5% below its mid-June highs, closing the week at 1.87 deutsche marks...
...reeling dollar reflected fears of recession. The Federal Reserve Board appears ready to spur the economy by letting interest rates fall, but that could further undermine the dollar by making U.S. investments less attractive to foreigners. Unemployment reached 5.3% in June, up from 5.2% in May, another sign of a slowdown...
...same law that allows us to seize million-dollar condominiums in Nantucket, Rolls Royces and Cadillacs, also allows us to seize properties in Dorchester and Mattapan, '78 Chevrolets and...other properties that might be associated with drug dealing," said John Coleman, special agent-in-charge of the Drug Enforcement Administration's Boston office...
...Senate Banking Committee also voted to launch its own investigation into HUD operations during the Reagan Administration, joining two House panels already scrutinizing allegations of mismanagement, fraud and influence-peddling at the multibillion-dollar agency...
...calls for adults went beyond what was needed to protect children from such messages. He said children could be shielded from phone sex by technological restrictions, like access codes or scramblers, or requiring payment by credit card. The decision, however, still left prosecutors free to go after the billion-dollar industry for phone calls that are judged obscene...