Word: dollarization
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Dates: during 1980-1989
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...frequency with which the final costs of multibillion-dollar weapons systems balloon far beyond original estimates is an all too familiar Pentagon embarrassment. Air Force auditors think they have put a finger on a related problem: the multiplying price of mundane spare parts...
...lawyers called the tall, gaunt ex-CIA agent "the spy who was left out in the cold." His multimillion-dollar gunrunning operation to Libyan terrorists, they argued, was nothing more than a clever cover for his real mission: ferreting out Libyan Dictator Muammar Gaddafi's secrets for his former employer, the Central Intelligence Agency. But the Government prosecutor in federal district court in Alexandria, Va., depicted Edwin Wilson, 54, not as an undercover agent but as a skilled, avaricious wheeler-dealer, exploiting contacts and expertise built up after years of "Company" service. After deliberating only 4½ hours...
...function as it does now, some fear that China will insist on full sovereignty. That could mean the end of Hong Kong's capitalistic ways. Reflecting such worries, share prices on the Hong Kong exchange have dropped 21.5% since September, and the value of the Hong Kong dollar has slumped 8.6% against the U.S. dollar...
...past decade have become vitally important. Foreign buyers now take one-third of all U.S.-grown corn, one-half of its soybeans and two-thirds of its wheat. But demand is lagging in the face of the worldwide recession, stiffer competition from other countries and the strong dollar, which makes American-produced goods more expensive and the crops from Canada and Argentina more appetizing. As a result, U.S. exports have fallen for the first time since 1969. Corn sales abroad, for instance, have declined by fully one-third. The Government estimates that the value of agricultural shipments dropped...
...bizarre last scene. The dull appearance of the Civic Center was not much relieved by Rocky-style bunting tacked over a small ring. Eight or ten thousand spectators contributed a dollar or two admission price to charity. They savaged M.C. Howard Cosell, who demanded, "All right, quiet!" And they serenaded Muhammad Ali, who looked like the winner of a pie-eating contest...