Word: dollarization
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Dates: during 1980-1989
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This year, the Knights of Columbus have again erected a nativity scene, which the local Catholic group bought from the city for one dollar after the 1982 creehe crisis. The Knights have placed a dozen seven-foot figurines depicting the birth of Christ on the Cambridge Common...
...London stock market is starting to look a lot like Wall Street. Suddenly large takeovers are in flower. In New York it might seem almost child's play, but in Britain a billion-dollar merger or acquisition remains a remarkable event. Last week several behemoth-size deals were in the offing. Argyll, a supermarket chain, offered $2.8 billion to acquire Distillers, maker of Johnnie Walker Scotch and Gordon's gin, and Britain's General Electric bid $1.8 billion for Plessey, an electronics firm...
Textile lobbyists from Southern states initially had broad backing. But support waned this fall, when the Administration took a tough stance on free trade and also succeeded in driving down the dollar with the help of other industrial powers. House opponents of the bill argued that the legislation would invite retaliation from countries that import U.S. goods. Nonetheless, the bill's backers feel that Congress, by passing the legislation, has sent a powerful message to foreign nations that they must trade fairly or face U.S. sanctions...
...Mansions, yachts, planes--they are all among the grand gifts in Only the Best by Stuart E. Jacobson (Abrams; 216 pages; $35). In this celebration of the sumptuous, it is the odd items that twinkle brightest: a money clip from Jack Benny to George Burns ("I want the dollar bill back!"); an Indian war bonnet from Gary Cooper to Pablo Picasso; Henry Fonda's painting of Stewart's favorite horse to Old Friend Jimmy; and from Stan Laurel to young Roddy McDowall, his famous hat, autographed...
...Knights, a nationwide Roman Catholic organization, bought the nearly seven foot tall nativity scene from the city for one dollar, said Cambridge City Councilor Walter J. Sullivan, a member of the Knights...