Word: dollarization
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Dates: during 1980-1989
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Scouten and his experts found a new paint that could be washed instead of replenished. But the paint job will not be finally finished until 2004 because the process is so complicated and expensive. (The U.S. dollar has proved less sturdy than the sandstone: it has already cost the Federal Government more money-$283,000-to repaint the grand old mansion than to build the place.) One other secret. The White House is not going to be pure white. Scouten wanted a paint that would dazzle the eye in the sun and yet glow with a mellow gold...
...most striking symbol of women's struggle for pay equity is a pin that reads simply "59?." It represents the longstanding average pay earned by women for every dollar earned by men. That is changing. According to the Bureau of Labor Statistics, the figure is now 64?. A report by the Rand Corp., an independent California think tank, says the change is due to women's improved education and experience, which are being compensated in the free market,"rather than legislation, Government commissions or political movements" The report also argues that one reason average women's wages...
Taiwan is worried about becoming too dependent on the U.S. market. Americans have bought 49% of Taiwan's exports this year, up from 39% in 1983. The country's sales to Western Europe have been sluggish because the value of the Taiwan dollar, like the U.S. dollar, has risen sharply during the past year against European currencies. As a result, Taiwan's products have become more expensive for Europeans. In addition, slumping oil prices have hurt the buying power of Taiwan's customers in the Middle East...
Despite Miss Manners' spartan dedication, it seems hard to believe that the perplexed readers who write her 10,000 letters a year are really inspired by either idealism or altruism. Yuppies, in particular, are pragmatic people who expect a dollar's value for a dollar spent. Such expectations apply to etiquette guides too. As Marjabelle Stewart puts it, "In today's competitive society, manners are a matter of survival...
...vital signs are good, especially for a company on the brink not long ago. "I remember taking the books home one night after I became director and my husband telling me it was hopeless," says Sills. There was a multimillion-dollar deficit. The split season (eleven weeks in the fall, ten in the spring) meant redundant start-up costs of $1 million each year. Production expenses were spiraling. "There were days when I could hardly talk myself into coming to the office," she says. "There would be a big meeting on Tuesday morning, and I would be told there...