Word: dollarization
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Dates: during 1980-1989
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...last spring, using his corn crop as collateral. Back then the collateral was appraised by Washington at $3.15 per bu.; today Steffen's local grain elevator is paying just $1.99 for corn. Steffen may default on the loan, effectively selling his corn to the U.S. Government for a dollar more than anyone else would pay for it. Tens of thousands of farmers are expected to do the same this year, without stigma, although the Government already has 7 million tons of forfeited grain stashed away. Total cost of the 1982 crop loan program: $8 billion...
...accept this problem as part of the competitive game, but now they are taking ex-employees to court more often. Last April, for example, Microcomputer Systems Corp. of Sunnyvale, Calif, won a preliminary $2 million judgment against two former employees who had started a rival firm. In the multibillion-dollar computer business, trade secrets have become too valuable to be given up without a fight. -By Charles Alexander...
...ostracized by my friends or even expelled for having given the game away...Yet, on the whole, the reception was favorable David Reisman called "The Three Flavors" brilliant A Radcliffe dean told Madenoiselle magazine I was "the most articulate girl at Radcliffe"--for which I received a ten-dollar prize. The Associated Press sent me on a mission to investigate the chocolate, peach, and limeness of the other seven sisters...
Early American suffragists would probably be amused that Harvard is likely to have a referendum in which only women can vote. The question is whether women undergraduates want to keep the five dollar charge on their term bill that currently funds the Radcliffe Union of Students...
...Perry is telling the truth--and reporters covering the story generally believe there was some affair between her and Atkinson--her case has strong gut appeal. In Mitchelson's words, her million-dollar suit says, in effect: "I lost a baby because you deceived me, you lied to me." At 38, Perry may well be too old to bear her first child, according to her attorney, who says having her own child has always been one of the psychologist's major desires. If Perry's facts are right, it's dead wrong that Atkinson--who is 53 and married...