Word: dollarization
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Dates: during 1980-1989
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...area of responsibility Steiner inherits with his new post has consistently been tinged by controversy over the last few years. Harvard Real Estate (HRE), the multi-million-dollar agency that manages University property, has repeatedly drawn flak from tenants, who complain of high rents and inconsiderate treatment. They are also upset by Harvard's refusal to recognize a budding tenants union that gelled largely because of mutual gripes...
...week-long All Savers free-for-all was hardly unique. These days millions of investors are being badgered by conflicting advice from bankers and brokers. That is because sliding interest rates are shaking up the entire investment industry. As the luster has faded from such multi-billion-dollar investment lures as money-market mutual funds and six-month bank certificates of deposit, investment experts have been scrambling to come up with new high-yield alternatives that will appeal to safety-conscious investors...
...reason for the squeeze on both companies is the strength of the U.S. dollar, which has crimped overseas sales. Revlon in particular made the mistake of force-feeding its gigantic product lines, 3,000 items in all, into small countries, where there was simply not enough customer demand. The company made a similar mistake in the U.S. by giving its retailers too many different products to sell, and at a time when high interest rates were forcing up the cost of stockpiling unsold inventories...
...seemed as dashing and roguishly gallant as Rhett Butler. But now any similarity between Butler, that blockade-running profiteer, and Brown is frankly causing the Governor to give a damn. Over the past few years, the former owner of Kentucky Fried Chicken has apparently been withdrawing sacks of hundred dollar bills from his account at a bank in Miami, not far from his vacation home. His total haul: $1.3 million. A grand jury is now investigating whether the bank violated a federal requirement that all cash withdrawals above $10,000 be reported to the IRS. It was his money...
After reviewing Vicki Morgan's tawdry yet strangely pathetic accounts of Alfred Bloomingdale's sexual depravity, Judge Christian E. Markey Jr. last week dismissed most of her multimillion-dollar palimony suit, asserting that the relationship between the millionaire and her was "no more than that of a wealthy, older, married paramour and a young well-paid mistress." Whether or not she was more than a mistress, he appears to have been the master. During sworn pretrial testimony, Morgan claimed that Bloomingdale would bind several women with his neckties, beat them with a belt and "stand there and watch...