Word: dollarization
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Dates: during 1980-1989
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...contrast to the prevailing view among European government officials and economists, a majority of the board did not consider that the U.S. should be held responsible for high world-wide interest rates and the dollar's excessive strength. Jan Tumlir, chief economist for the General Agreement on Tariffs and Trade in Geneva, described European complaints as a "demand that the U.S. create more money in the hope that interest rates will fall." He said that this would be a recipe for more inflation. Samuel Brittan, assistant editor of London's Financial Times, agreed. Said he: "Whatever...
...California Democrat Alan Cranston, a staunch supporter of Israel, on the operations of the Bechtel Group, the international engineering and construction corporation that the Secretary-designate has helped run for eight years at a six-figure salary. The Senator is particularly interested in charges that Bechtel, which has multimillion-dollar contracts with Saudi Arabia, forced its subcontractors to observe the Arab boycott of Israel. But even Cranston predicted that the hearings will be shorter than the five days devoted to Haig's confirmation 18 months...
...numbers mark distance traveled and distance yet to go. Eighty percent of all women who work hold down "pink-collar jobs" and get paid about 660 of a man's dollar. Seventy percent of all classroom teachers are women, yet for the same job, they make an average of $3,000 a year less than their male colleagues. More than a third of all candidates for M.B.A. degrees are women: the numbers encourage. Only 5% of the executives in the top 50 American companies are women: the numbers numb. Where once, even recently, there was nothing, all those statistics...
Showing little confidence in the new budget, investors drove stock values on the Toronto Exchange down 44.36 points. The Canadian dollar briefly dipped to an alltime low of 76.80 against the U.S. greenback. Union leaders representing Canada's public servants vowed to fight the new wage guidelines. When Trudeau summoned the premiers of Canada's ten provinces to Ottawa in a bid to sell them his economic plan, they responded by saying they would think about...
Before the Reagan moves the maximum tax rate was 70 percent donors would thus lose only 30 cents from every dollar given...