Word: dollarization
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Dates: during 1980-1989
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...between those legendary, loving pals the U.S. and the Soviet Union. The 20th century, promised to us by Prime Minister Sir Wilfrid Laurier in 1904, is almost over, and Canada, so far as pennant-contending nations go, is still fumbling through spring training. Unemployment is running at 11%. Our dollar is teetering at 760 (U.S.). But what had surfaced as one of the most contentious election issues in the first month of the campaign was Prime Minister John Turner's having been seen to pat Liberal Party President lona Campagnolo on the bum. Actually, Turner's condescending gesture...
...shuttle buses (price of a four-day pass: $30). Only minor skirmishes over platform positions are expected inside the hall. Conservatives, led by Kemp and Congressman Trent Lott of Mississippi, are pushing for three major planks: a return to the gold standard (tying the value of the dollar directly to the price of gold, a move that, they contend, would lower interest rates and help bring down deficits); an end to the independence of the Federal Reserve; and an ironclad pledge against tax hikes. Meanwhile, the so-called Mainstream Republican Committee, a band of moderate-to-liberal House members...
...Through one of the largest systems of IBM computers outside the U.S. Government, the company keeps track of what is.being bought and where. Each morning just after 7, Merchandise's Brennan enters his office and calls up a display on his computer terminal that can tell him the dollar volume of all Sears stores the previous day. He can also look at sales figures by region, specific store or product line...
...Cycling Federation issued 16,000 racing permits (9,000 in 1970); 10 million bikes will be shipped to stores for the country's 100 million riders. So it should have come as no surprise that 200,000 flag-waving aficionados gathered by the tile-roofed, half-a-million-dollar ranch homes in Mission Viejo, 50 miles south of Los Angeles, for one of the Games' few admission-free events. After the thrill of Carpenter-Phinney's performance, the crowd was treated to another last-meter dazzler by Alexi Grewal, 23, of Aspen, Colo...
...rate sun has risen over what used to be called the British Empire. That at least is the view from the far side of the Atlantic, as the dollar registers historic highs against the pound. For 2.5 million American travelers a year, a vacation in England-with frequent visits to its hallowed tourist lure, the theater-never looked so good. Britons may complain that some musicals, like the American import On Your Toes, are charging record ticket prices (nearly $20), but these are still lower than the cheapest admissions to most Broadway shows, and not a few off-Broadway...