Word: dollarization
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Dates: during 1980-1989
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...group, the Senate Republicans are now projected to outspend their Democratic opponents by an up to 10:1 margin and will reach in each state the maximum dollar figure a national party organization can legally spend. In the 1982 congressional races, the Republicans outspent the Democratic campaign committees by 4 to 1, and while the Democrats are expected to do better this time out, they won't even be able to come close to matching the GOP war chest...
...gave you wrong information, which led to an inaccuracy in the story "The Billion-Dollar Boys" [Jan. 9]. I told your reporter that the Monsanto pension fund had terminated Alliance Capital as an investment manager after only a very short period of poor investment performance. That is not true. Rather, we managed funds of Monsanto from 1968 to 1973 and created a poor longer-term record of investment results. I wish this were not so, but I am afraid...
...industry designed to bring in the city sharpies with all their money. In February, Iowa has a surplus of snow, gray skies and idle hours. Only money and pool halls are in demand. This year the fellows at Toad's said that none of them got a single dollar of the $10 million lured into the state. Most of the money went to television stations, hotels and car-rental agencies, an alarming number of which are owned by people back East-slickered again...
...also to expose Italy's rococo inefficiency, a sextet of foreign women in a sleepy Tuscan village decide to rob a local mail train. Plotting the crime as if it were a script, they adopt literary aliases, don disguises and then, without much difficulty, carry off the million-dollar theft. The lackadaisical local police force instantly sets up an intensive manhunt, combing the area for conmen, wise guys and rogues. But the women, as they had suspected, are not in the least suspected...
...white plastic card with the blue writing, the photographic paper, and the flashbulb cost $2. Five minutes of the photographer's time is worth at most a dollar, and that's assuming a wage scale more appropriate to junior partners in a New York law firm. Oh, all right, throw in the insurance necessary to cover the possibility that the camera will explode in a hail of plastic shrapnel. That's still only $5, and a $20 overhead strains credulity, especially since you're already paying for overhead with the $665 College Facilities...