Word: dollarization
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Dates: during 1980-1989
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WITH ITS over two-and-a-half billion dollar endowment and $350 million Harvard Campaign worrisomely slowing down. Harvard is not too big to pay attention to its senior graduating class each year, which, when the hat has been passed, contributes only about...
Scientists at the Harvard Smithsonian Center for Astrophysics and MIT are planning a multi-million dollar facility to transmit satellite information as part of a drive to make Cambridge a national center for astrological study...
...reasons are fairly simple: higher-income families rely much less on the benefits from social programs than do those in lower-income groups and thus are less affected by cuts in those programs' budgets; at the same time, Reagan's main tax reduction produces significantly larger dollar savings for those with higher incomes. While the federal income tax is progressive, imposing proportionately bigger burdens on those who earn more, the tax cut is not similarly graduated but rather a straight 25% slash in the rate for all income levels...
...reclusive as Garbo or J.D. Salinger. Paul Lutus, 38, lived in a cabin high on Oregon's Eight Dollar Mountain when he wrote Apple Writer, an early word-processing program. Lutus, the author of several other bestsellers, was forced to rig up a 1,200-ft. extension cord in order to get enough power for his Apple computer...
...production, based on M.M. Kaye's 1978 bestseller, represents pay cable's first real venture in "long-form" television. Filmed on location in India at a cost of more than $12 million, The Far Pavilions deserves the accolade once reserved for large-scale Hollywood epics: every dollar (and rupee) is "right up there on the screen." Cecil B. DeMille could not have called for more elephants...