Word: dollarization
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Dates: during 1980-1989
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...Brandeis official declined to put a dollar figure on the protested holdings, but he said the school currently has about 2 percent of its endowment invested in companies doing business in the apartheid state...
MISCONCEIVED, DESTRUCTIVE, PREMATURE--these are the words Harvard Vice President and General Counsel Daniel Steiner '54 used to describe a report by the Southern Africa Solidarity Committee (SASC) on the University's fledgling South Africa Internship Program, which was funded this September as part of a one million dollar University grant to help Black South Africans. But he missed the mark on all three points...
...long as IBM's South African operations remain lucrative and a source of social progress, the multibillion dollar corporation will continue to do business in the apartheid state, IBM President and Chief Executive Officer John F. Akers last night told an Institute of Politics audience...
...Senate takes "a break whenever somebody has a fundraiser." With fundraising taking on such importance, special interest funds tend to distort the political system. PACs favor incumbents, with 72 percent of their contributions going to those already in office. This way, PACs can obtain more influence per dollar, wasting little on those who are not "safe" contenders for office. Unfortunately, with the average House seat costing $500,000 and a six-year lease on a chair in the Senate Chamber running its occupant around $3 million, challengers, receiving few PAC funds, cannot run effective campaigns...
...properties, which include the gilt- leafed Crown Building on Fifth Avenue and a new nine-story shopping mall in Herald Square, are worth $350 million. "Mr. and Mrs. Marcos are now in the world class of corrupt national leaders," Solarz said. "They may have secretly led a headlong, multibillion-dollar flight of capital out of their country...