Word: dollarization
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Dates: during 1980-1989
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...increase for federal employees, a delay in cost of living increases for federal civilian and military as well as Social Security pensioners, and further reductions in such social programs as food stamps, Medicare and Medicaid. Overall, the aim is to freeze most nondefense spending at fiscal 1983 levels in dollar terms. That would mean real cutbacks in many programs; how severe would depend on the rate of inflation. In both his State of the Union speech and budget message, Reagan is sure to sound the theme that everyone must sacrifice in order to get the deficits under control...
Allen Dorfman, above all else, was a survivor. Introduced to the young Jimmy Hoffa in 1949, when the future Teamsters boss was but an ambitious union leader in Detroit, Dorfman parlayed that friendship into a multimillion-dollar insurance empire whose most lucrative account was the union's Central States Health and Welfare Fund. From 1958 to 1971, when Hoffa headed the Teamsters, Dorfman emerged as his powerful lieutenant. Before Hoffa was led off to jail in 1967 for jury tampering, he told subordinates, "When Dorfman speaks, he speaks...
DESPITE THE VALIANT EFFORTS of international organizations like the World Health Organization, the tobacco firms seem unlikely to start policing their own operation. For every dollar spent trying to educate Third World smokers about the health consequences of their habit, the tobacco companies spend $10 to $20 on advertising. The ACSR labeled Philip Morris' response to a shareholder resolution last year concerning the company's activities in the Third World "callous and misleading." And the governments of victimized Third World nations also offer little hope for a solution--many have yet to recognize the health hazards that await, and where...
...long run, though, the way to eliminate PAC influence on Capitol Hill is to introduce public financing for House and Senate races. As in Presidential races since 1976, each citizen would have an opportunity to check off a dollar on his income tax form. This money would be given to candidates who had reached certain qualifying goals. It would prevent private contributions and thus free the process of PAC money...
...should encourage innovation in its industries. The dollar is overvalued, which hurts the American cause. The U.S. strategy should be to bring down foreign barriers that unfairly hinder exports. It is a delicate game. The threat of new protectionist measures by the U.S. can sometimes be used to induce other nations to drop their barriers, which are often insufferably high. Yet the enactment of those measures could be ruinous...