Word: dollarization
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Dates: during 1980-1989
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...bankers, travel agents, hoteliers and shopkeepers. In Europe, center of the friendly invasion, the magazine's reporters buttonholed American travelers to learn about the latest buys. They, along with Senior Writer Otto Friedrich, an enthusiastic vacationer who wrote the story, also drew on their own experiences coping with a dollar that used to be weak and is now strong...
...century piece in mint condition and at a good price, but it had just been bought by another American, who was paying an additional $500 to ship it to New York. Maybe the exchange rate is getting a little too favorable." Phillips, a budding oenophile, is hoping the healthy dollar will help expand another horizon. "In the U.S.," she says, "I was known for finding the best cheap wines. Here in France, I'd like to become famous for knowing the best cheap expensive wines...
Hewlett-Packard Gives Five Million Dollar Dollar Grant for Computer Equipment to Harvard Medical School...
...sure, cultural barriers are not the only explanation for the imbalance in U.S.-Japanese trade. An important reason is the overvaluation of the U.S. dollar against other major currencies, including the Japanese yen; made-in- America is a luxury buy in Japan these days. The demand for dollars in turn is fueled largely by attractive U.S. interest rates, which are kept high by the huge federal borrowings needed to finance the budget deficit. Indeed, a major part of those borrowed funds is supplied by Japanese investors. Says Edward Yardeni, chief economist of the Wall Street investment banking firm of Prudential...
...your peanuts here 25 cents or five for a dollar. Get your peanuts here It'll cost you twice as much in the ball park. Get your peanuts...