Word: dollarization
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Dates: during 1980-1989
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Even the judge was shocked. After listening to hours of testimony about a multimillion-dollar drug-distribution network involving hired killers with a penchant for chain saws, U.S. District Judge Milton Pollack marveled that such iniquities "could be so coldbloodedly related." Yet the tales so coolly told in court helped indict 44 major traffickers and convict 16. The man doing the talking was Leroy ("Nicky") Barnes, a.k.a. "Mr. Untouchable." Barnes fingered Frank James, his ex-partner in drug dealing, for ordering his brother-in-law ice-picked to death. James, said Barnes, employed a four-man hit team; one aspiring...
...gist of Ji's proposal is that under Article 31, introduced into the Chinese constitution 13 months ago, the British crown colony would become a "special administrative zone." As such, Hong Kong would remain a free port and retain its convertible dollar. The economic interests of Britain and other countries would, says Ji, be guaranteed by law. In addition, a locally selected administration would exercise independent judicial power and control its own system of passports and visas. All the new top officials would be Hong Kong residents of Chinese ancestry...
...week's wages he wagered. "Drawings like this are the only way the little guy can dream about a better life," he said. John Thome, 21, an unemployed laborer, can do more than dream. Thorne took his collection of 1,100 pennies to the bank, exchanged them for dollar bills and spent the $ 11 on lottery tickets. He was one of the ten second-prize winners who got $354,784 each...
More billion-dollar blunders...
While the machine may be a new star, the star has often been a machine disguised as a person. On My Living Doll, Julie Newmar was a robot who camouflaged her engineering as sexual equipment: her breasts encased solar batteries. Lee Majors as The Six Million Dollar Man was simply state-of-the-art beefcake. Now an ABC show of stupefying banality called Auto-man offers a fluorescent, blond Superman who is summoned up by a wimpish computer jock in moments of crisis. Automan owes more to I Dream of Jeannie than to computer science, however. Another new show...