Word: dollarization
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Dates: during 1980-1989
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...could be the most momentous national-security decision that George Bush ever makes. In early April the President must choose a multibillion-dollar plan for modernizing the nation's land-based intercontinental ballistic missiles. Though dozens of basing modes and several new missiles have been considered, only two expensive mobile missile systems are really in the running: the rail-carried, multiwarhead MX and the truck-transported, single- warhead Midgetman. Bush's wisest course might be to deploy neither...
...been the longest deathbed scene in history." Many towns tried to diversify in postwar years by attracting industry, especially low-paying light-manufacturing businesses. Many of those jobs, however, were eventually lost to even lower-wage foreign suppliers, especially during the run-up in value of the U.S. dollar in the early 1980s. During this decade, rural areas have created new jobs at only 40% the rate of metropolitan centers...
...sheer adventure when compared with the task of determining the sequence of base pairs in a DNA chain. Small groups of scientists, working literally by hand, have spent years simply trying to sequence a single gene. This hands-on method of sequencing costs as much as a dollar per base pair, and deciphering the entire genome by this method might take centuries...
...corruption charges that have been scorching Greek politics engulfed Prime Minister Andreas Papandreou last week in the worst crisis of his tenure. Papandreou found himself compelled to rebut allegations by the central figure in the multimillion-dollar banking scandal that the Prime Minister personally received some of those millions as secret payments for political favor. The accusations, which ran in TIME and as a cover story in several of the magazine's foreign editions, inspired passionate outcry in Greece and provoked opposition leaders in Parliament to demand the Prime Minister's resignation...
...signatures for sale prove that not even million-dollar contracts, bonuses, incentives and advertisements satisfy some of today's baseball players...