Word: dollarization
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Dates: during 1980-1989
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...from quantities of arms to bomb factories to enterprises devoted to turning out fake police and military uniforms and even fake license plates. At one location the army also found the body of U.S. Businessman Clifford Bevens, 56, who was kidnaped in December 1980 and held for a multimillion-dollar ransom. The guerrillas shot Bevens when their hideout was surrounded by soldiers and police...
...matter how those complex issues are finally resolved, the coming battle in telecommunications will be a multi-billion-dollar struggle of giants. AT&T is already one of the world's leading producers of an array of highly sophisticated electronics equipment and computer-driven data and information-processing equipment. Yet the outside world rarely learns of its prodigious high-tech output, since virtually all of it is consumed internally by subsidiaries and affiliates throughout the Bell System. Now the company can begin offering its products to anyone who wants to buy them...
...rivals, the shake-up will create both opportunities and challenges aplenty. Virtually overnight, a giant new competitor has loomed up to cast its shadow over their markets. To stay in business, even such multi-billion-dollar corporations as IBM, ITT, RCA and General Telephone & Electronics will have to run harder and innovate faster than they ever have before. Meanwhile, just behind the American companies are Japanese firms like Nippon Electric that are becoming more important every year in the rapidly growing field of high-technology communications...
...millions, the picture of Alexander Graham Bell on each share of American Telephone & Telegraph Co. stock is as soothing and comforting as that of George Washington on the dollar bill. The firm's 812.8 million shares are owned by 3,026,000 people and institutions, more than the population of Los Angeles or more than the stockowners of any other U.S. company. General Motors is not even a close second with almost 1.2 million...
...King ran on a similar pledge--this time, a billion dollar roll back in local aid. Like Michael Dukakis, he reneged on his pledge, and has been stumbling from cirsis to crisis ever since...