Word: dollarization
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Dates: during 1980-1989
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...other, they have no wish to intervene themselves, lest this cause trouble elsewhere in Eastern Europe, alienate the governments and Communist parties of Western Europe, break the Soviet-U.S. arms negotiations, and lead to a cancellation of Western trade. They are well aware, for example, that the multibillion-dollar natural gas pipeline deal they signed with West Germany this fall probably could not survive a Soviet invasion of Poland...
...year of turbulence and profound change. A new Administration pushed through Congress a radical policy that abruptly discarded doctrines that have dominated economic thinking since the Great Depression of the 1930s. Americans dramatically changed the way they save their money. Corporations went on an unprecedented binge of billion-dollar mergers. And although business in general was anemic, dynamic young companies parlayed technological innovations into products that promise to improve the efficiency of offices, factories and homes...
...reign was a general disaster. Though Argentina was already in serious economic trouble when he took office last March, Viola led his resource-rich country into the worst economic crisis in its 165-year history. Successive government currency devaluations have plunged the Argentine peso from 2,000 to the dollar to 10,000 to the dollar. Inflation is raging at 120%. As much as half of the country's industry has come to a standstill, and some 13% of the work force is unemployed. An estimated 2.2 million skilled and professional Argentines, or 8% of the population, have left...
...this Johnny Carson guy?" wrote a London Standard reader. "I find it very difficult to laugh when the chat-show king is earning a multimillion-dollar salary reading cue boards." The pros were even rougher. Announced TV Critic Margaret Forwood in the Sun: "To be frank, Carson got right up my nose." Said Joe Steeples of the Daily Mail: "His monologue could be in Swahili for all we get from...
...intention of starting one, Michael Shinagel, director of the University's extension school, said yesterday. The extension school, which allows part-time students to take evening courses and earn a Bachelor of Liberal Arts degree, makes any program such as Yale's superfluous, Shinagel added. "For the dollar it's as good an education and a better deal," Shinagel said. Extension school courses, which are taught separately from regular Harvard courses, cost about one-fourth as much as the proposed Yale courses...