Word: dollarization
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Dates: during 1980-1989
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...that the dollar is worth princely piles of lire, Americans in Italy should be getting more of everything for less, right? Yes, unless they happen to be gastronomical pilgrims in search of the Continent's current culinary wonder, la nuova cucina italiana, the new Italian cooking. In this case, the less-is-more rule applies. Also, less for more. La nuova cucina is found in expensive, often formidably serious restaurants, most of them in Northern Italy, where the fare is spare, artfully presented and somewhat outlandish. Surprising and a bit haughty, it has often been compared with the French...
...things will soon be different. By mid-September, contractors will have completed work on a new, million-dollar track and field facility officials say will be the "fastest and most innovative" outdoor track at any university in the world...
...trouble with Perkins' letter is that it found its way into the French press. At a time when Franco-American relations are already strained over Chad and the pummeling that the French franc has received from the dollar, Perkins' electioneering ploy seemed to be a gratuitous blow to Gallic pride. "Parisians do not cry nightly with eyes bathed in tear gas," sniped Le Quotidien de Paris. "The number of Americans in Paris this August is proof of that...
...company's work force, reducing it by about 10,000, to 47,000. Two weeks ago, 35 managers were dropped. An earlier casualty was David Judelson, Gulf & Western's president, who was passed over for Bluhdorn's job and resigned. Judelson had overseen the disastrous multimillion-dollar investment in developing batteries for an electric car that made a splashy debut in June 1980 but then dimmed...
...billion-dollar back...