Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...more than two years, Mexicans have endured the imposition of one austerity package after another. They have watched government food subsidies shrink, unemployment rise, the value of the peso sink (it slid to an all-time low last week of 372 to the U.S. dollar). Yet now, on top of such belt tightening, Mexico City and four coastal states need major reconstruction programs that will consume already tight reserves of capital. "It is a tremendous psychological blow," says M. Delal Baer, an expert on Mexico at Georgetown University's Center for Strategic and International Studies. "You begin to feel that...
DIED. Laura Ashley, 60, Welsh-born designer who with her husband Bernard turned her Victorian-inspired, flower-sprigged fabrics into ruffled, romantic fashions and a multimillion-dollar international clothing and housewares empire; of head injuries sustained in an accidental fall; in Coventry, England. What began in 1953 with tea towels silk-screened on the kitchen table of their London flat and sold to local shops became in 1967 the first Laura Ashley shop in London and is today a family-run business encompassing more than 200 shops from Milan to Melbourne, 70 of them...
...roll, but in the past two decades the Sun Records studio in Memphis has seemed to be in its twilight. Still, music fans who feared that rockabilly might eventually go the way of the turkey trot can take heart. Last week a 1985 version of the legendary "Million Dollar Quartet," which once included Elvis Presley, was back in Memphis. The veteran country rockers-- Jerry Lee Lewis, Carl Perkins, Johnny Cash and Presley Replacement Roy Orbison--were on hand to record a new album and a television special in the same studio where they got their start some 30 years...
...brash, brilliant and sometimes bumptious brat of Silicon Valley, a symbol of its high-tech genius and fabulous sudden wealth. Alternately infuriating and inspiring, Steve Jobs co-founded Apple Computer in a California garage nine years ago and helped build it into a billion-dollar business that gave rise to the personal-computer industry. Along the way, Jobs was widely hailed as the prototype of a new American hero--the irreverent and charismatic young entrepreneur...
...This sort of thing has never happened before," he said. If damages are awarded, he added, they will likely be paid when relations between the two countries are normalized, at some point in the future. "If there is a dollar judgment, at some point in time and one way or another, that will be satisfied...