Word: dollarization
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Dates: during 1980-1989
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...could all too easily retard. For example, a major cause of the current slowdown is the excess of U.S. imports over exports, estimated at a gargantuan $130 billion this year; this trade deficit is aggravated by the budget deficit, which keeps U.S. interest rates and the value of the dollar artificially high...
...wonder literature, broadly conceived to include even Harlequin novels replete with cover couples in various modes of disrobing, so obsessed with the glamour of the most exclusive gaming tables, never pauses to take in the amours of the teacher on the 3 day 2 night junket playing the dollar slot machines Boring...
...into a joint pot. A certain part--usually 10 to 15 percent--is credited to Radcliffe, which it in turn hands over to Harvard for women's financial aid. In 1984 this sum totaled $1.4 million, roughly 60 percent of Radcliffe's gift income. Under a joint agreement, the dollar sum increases by six percent each year...
...fees are not expected to change until 1989. In addition, Arianespace has found ways to ease the burden of flying European. Among the firm's 51 shareholders are 13 European banks, which offer favorable financing arrangements for Arianespace customers, an important consideration for a client facing a multimillion-dollar expenditure. Arianespace executives consider such enticements necessary to counter what they claim are "enormous government subsidies" enjoyed by the space shuttle, an advantage that NASA officials deny...
Extinction also awaits the pound note (current worth: $1.25). First issued in 1797, it is being replaced by a thick metal-alloy coin. Like the Susan B. Anthony dollar in the U.S., the heavy coin has been unpopular. But since the useful life of a paper pound is ten months, vs. 40 years for the coin, the Royal Mint expects to save $3.75 million a year. The British have already dubbed the new coin the Maggie, after Prime Minister Margaret Thatcher, because it is hard, rough around the edges and, says one Member of Parliament, "pretends to be a sovereign...