Word: dollarization
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Dates: during 1980-1989
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...black colleges have seen their endowments rising. The United Negro College Fund reported a record $44.1 million in contributions for its past fiscal year. Bill Cosby's announcement in November that he would donate $20 million to Spelman College, the Atlanta institution from which his daughter graduated, was another dollar sign of support from black parents...
...cost. Meanwhile, industry giants IBM and Digital Equipment were trying to rev up interest in their latest models. All these competitors are trying to knock off Sun Microsystems, the clear leader in the workstation business. Launched only in 1982, the Mountain View, Calif., firm has become a billion-dollar company on the strength of the new machines...
...wonder the Asians are seeking additional markets besides the U.S. for their products, and currencies other than the dollar for their reserves. The political side effects are subtle but troublesome. The U.S. is caught in what former Secretary of Commerce Peter Peterson has called "the awkward attempt to stand tall while on bended knee...
...Rushdie, he remained in hiding. With him was his American wife, novelist Marianne Wiggins, who canceled her U.S. book tour to promote her new novel, John Dollar...
...King and I seems stately and slow. The Russian peasant life in Fiddler on the Roof looks even cornier and campier when deprived of the original's glints of fear and oppression. A protracted, wordless street scene among customers of a speakeasy is unlikely to bring back Billion Dollar Baby. And a danced duet from High Button Shoes, cast with vigorous young performers, defeats the whole sentimental purpose of the original number: to demonstrate that a married couple well along into middle age can not only remain lovebirds but still get their knees up into the air. The show...