Word: dollarization
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Dates: during 1980-1989
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Mondale's tart reply, addressed directly to Reagan, was: "Your definition of national strength is to throw money at the Defense Department. My definition ... is to make certain that a dollar spent buys a dollar's worth of defense." While repeating his oppositon to the MX missile ("a sitting duck") and the B-l bomber (flying it, he said, would be "a suicide mission"), Mondale rattled off a long list of weapons systems he did favor. Money saved on the MX and Bl, he contended, could be spent for other military purposes, like strengthening conventional forces in Europe. Said Mondale...
...such, this recovery is doomed to fall through the trap door of 200-plus billion dollar budget deficits extending as far as the economic forecaster's eye can see. The runaway deficit is, in the words of Democratic economic guru Felix Rohatyn, "a prescription for national bankruptcy," the threat of which to our well-being is matched in direness only by the myopia with which Reagan is approaching the problem...
Four years ago America stood on the precipice of economic catastrophe and endured a litany of international embarassments under the Carter-Mondale Administration. Inflation soared to nearly 20 percent, causing the poor the elderly, and students to fear for their futures. The dollar tumbled to record lows on world currency exchanges. Foreign policy debacles in Afghanistan, Nicaragua, the Canal Zone and Iran dogged the pride of our nation...
...G.N.P. will level off next year at 3.5%, a rate that is considered more sustainable than this year's 33-year high of 7.2%. It also foresees inflation remaining in check at 5%, thanks in part to continuing price competition from imports made cheaper by the strong U.S. dollar...
...Palestinian terrorist organization in order to kill its leader, Director George Roy Hill (The World According to Garp, Butch Cassidy and the Sundance Kid) matches Le Carré's heavy spirit. He is a careful workman who does an honest day's labor for an honest dollar, but he lacks the capacity to astonish or, it would seem, to inspire. If the audience is to become suspensefully and emotionally involved, it must be made to feel a certain ambiguity about Charlie. It must wonder if she really has enough emotional stability and enough skill in performance to sustain...