Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...sort of security is useful nowadays in Bogotá. U.S. and Colombian authorities believe the bombing was the work not of leftist, anti-U.S. terrorists, but of a powerful Colombian drug mafia intent on discouraging recent efforts by the two governments to curb the country's multibillion-dollar cocaine and marijuana industry. In response to a U.S.-Colombian move to extradite 78 Colombian dealers to face charges in the U.S., unnamed drug barons three weeks ago threatened to kill five Americans for every Colombian extradited. Colombian police believe that the prime target of last week's attack...
...White House is deceptively calm, its boss off on his California ranch gathering strength by clearing brush and repairing fences. Nobody will know for certain the shape of his trillion-dollar budget until he hears the options and decides. Predicting Reagan's course is hazardous...
...business built largely on trust, a little wildness can be highly contagious. Consider the case of William G. Patterson, the highflying, unorthodox executive vice president of Oklahoma City's Penn Square Bank. While negotiating million-dollar deals in restaurants during the early 1980s, he would sometimes regale out-of-town clients with such stunts as drinking beer out of his cowboy boot or stuffing a roast quail into his pocket. In his office at Penn Square, he would sport Mickey Mouse ears or a hollowed-out duck decoy on his head. Patterson's lending ideas were just...
...round up dozens of partners by telephone to put together so-called jumbo syndicates for loans to developing countries. Some bankers were so afraid of missing out that during lunch hours they even empowered their secretaries to promise $5 million or $10 million as part of any billion-dollar loan package for Brazil or Mexico. To seal and celebrate big deals, bankers staged signing ceremonies, complete with champagne and caviar, in opulent settings, some times a British castle or a mansion in Newport...
Many first-generation hackers, having struggled with the red tape that surrounded million-dollar systems in the early days of computing, tended to view such things as copy-protection schemes, which make it difficult to steal programs, as barriers to the free flow of information. Other hackers, however, protested that anyone who spends thousands of hours writing a program deserves to earn royalties on it. Said Robert Woodhead, co-author of a best-selling game called Wizardry: "My soul is in my product...