Word: dollarization
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Dates: during 1980-1989
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Those million-dollar salaries paid to America's top executives [ECONOMY & BUSINESS, May 7] make me choke. These businessmen blame the Government for failing to pass trade restrictions and fault their workers for demanding higher wages. I feel cheated by these...
...method, players see the games as a dice roll on a dream. Says Louis DeSantis, who has sold New York lottery tickets at his Lower Manhattan newsstand since 1967: "People know they're not going to get rich on what they're making, so they invest a dollar and wish." But despite well-publicized accounts of overnight wealth (see box), a person is about 31½ times as likely to be killed by lightning as to win New York State's Lotto jackpot. "Sure, somebody wins," says Myron Powell, a retired Congregational minister who fought against...
...interesting observations about the changes the settlement of the frontier will have for South America, the book remains very much a fun read, highly suitable for beach-towel browsing. In what current novel can you meet Robert Suarez, the "Cocaine King of the World," head of a $400 million dollar operation which harvests, refines and exports the leaf, gathering it from the hillsides of Bolivia and transporting it to the skichalets of Aspen and the dorms of Choate...
...Dubious as it was, the news managed to cast a long shadow over the whole banking industry. Jittery traders scrambled to sell bank-issued certificates of deposit and rushed to seek safety in U.S. Treasury securities. Dealers in other markets temporarily lost confidence in the rising dollar and started bidding up the price of gold. Even the porkbellies market reacted, and prices fell because Continental is a big lender to commodities traders. Some traders apparently helped stir up the panic to make a quick profit...
...American Civil War. For the mastermind of it all, Texas-born Robert Wilson, 42, it is the boldest venture yet in an avant-garde theatrical career that has specialized in audacity. It is the CIVIL warS: a tree is best measured when it is down, a multimillion-dollar "opera" that, when its segments are finally brought together, will last up to twelve hours...