Word: dollarization
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Dates: during 1980-1989
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Feldstein's argument was that individuals' expectations of receiving social security benefits cause them to reduce their personal savings by around 50 cents for each dollar of social security benefits they expect to receive...
...TIME editors, correspondents and company officers, led by Time Inc. Editor in Chief Henry Grunwald, Board Chairman Ralph Davidson and TIME Managing Editor Ray Cave. The topics ranged from acid rain to Star Wars, but it was the U.S. budget deficit and its effect on interest rates and the dollar that dominated the discussions. Most Administration officials and Congressmen agreed with Senator Dole, who described his effort to forge a bipartisan coalition in favor of budget cuts as "the only priority" this year...
...people arguing about bets; 'Hold on there, I'll handle this' (waving pint of whiskey, fistful of dollar bills); girl riding piggyback, T-shirt says, "Stolen from Fort Lauderdale Jail.' Thousands of teen-agers, group singing 'Let the Sun Shine In,' ten soldiers guarding the American flag...So far we hadn't seen that special kind of face...the mark of the whiskey gentry--a pretentious mix of booze, failed dreams and a terminal identity crisis; the inevitable result of too much inbreeding in a closed and ignorant culture...
...born, naturalized American agent, known as Kiki, seemed to bring out long-simmering resentments among U.S. officials about Mexican law enforcement in general. Above all, the officials were irate over the toughest of bilateral problems: the reach and political power of the crime barons who control Mexico's multibillion-dollar drug trade...
What rescued The Hunt from the publishing boneyard was Clancy's gripping narrative. Navy buffs and thriller adepts have been mesmerized by the story of Soviet Submarine Captain Marko Ramius, who seeks to defect to the U.S., bringing a billion-dollar present with him. This is Red October, a ballistic- missile-armed submarine, or "boomer," equipped with a new, silent propulsion system. In a message to his superior in Moscow, Ramius challenges the whole Soviet navy to catch him. He then takes off for Norfolk, together with a group of equally disaffected officers and an unsuspecting crew. Moscow dispatches...