Word: dollarization
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Dates: during 1980-1989
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...increase at phenomenal rates, which once again raises the guns-versus-butter question that has haunted every post-war president. For Reagan, the specific question is. With America currently experiencing the highest unemployment and poverty rates since the Great Depression, why are 57 cents of every federal tax dollar going to the military while relief programs are being slashed...
RELIEF FOR THOSE thrown out of work and those unable to compensate for economic misfortune is often a question of saving lives, a fact the President has ignored since taking office. While generals and planners were analyzing the performance of multi-billion-dollar weapons this summer and preparing budget requests, a bankrupt Ohio businessman named Antonio C. Garza took his wife. Kay, to make a new start in Texas. San Antonio police found the couple shot dead in the front seat of their car: Garza apparently killed his wife with a rifle before taking his own life. Near the bodies...
...bill was not a "budget buster," as Reagan had charged; indeed, the $14.2 billion measure actually costs $2 billion less than the original Reagan proposal. Contended House Democratic Floor Leader Jim Wright of Texas: "The claim that the bill is over budget is as phony as a three-dollar bill...
...broadcast journalism's earliest pioneers and, as the autocratic leader of the Columbia Broadcasting System for more than half a century, a major figure in its growth from a fledgling business into a billion-dollar industry. Last week William S. Paley, who will be 81 in two weeks, announced that effective next April 20, he will resign after 37 years as chairman of CBS Inc. Paley told TIME Correspondent Janice Simpson, "I've been thinking about it for a long time, but it came to a point in my mind now, and so I decided to announce...
...Glugover, who counsels elderly shoplifters in Florida's Broward County: "Feinberg and the other social scientists like to invent poetic theories about alienated subcultures. Economics is at the root of the crime. If you want a theory for what they're doing, you can call it 'dollar stretch...