Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...realism, he means in most cases the maxims of America's Dwight Eisenhower: The Soviet Union is an aggressor power whose arms buildup we must match dollar for dollar or face extinction; people will only work if a monetary incentive exists; the realm of international relations must be dominated by conflict. By compassion, he means the axioms of the New Deal and the Vietnam generation: we must give some minimum amount of aid to those who do not compete effectively in our economy; we should avoid full-scale invasions of other nations, especially if we do so in support...
...pointing out that the new law makes it more expensive to give money or stock to charity. The reduction of the maximum individual income tax rate from 70 to 50 per cent means that it will not cost the wealthiest contributors 50 cents, not 30 cents, to donate a dollar to the University. That could produce a "very chilling effect," one Harvard official said; Laurence B. Lindsey, an analyst at the National Bureau of Economic Research said giving could drop off as much as 40 per cent in the wake...
Tough money management and high interest rates have also bolstered the value of the dollar abroad. Many Europeans and Japanese have converted their money into American currency to take advantage of attractive investments in the U.S. Since January the dollar has risen by as much as 36% against other major currencies. That in turn has helped hold down U.S. inflation by making imports cheaper, though American exporters are having a harder time selling their wares abroad...
...alternatives. Says Walter Hoadley, former chief economist for the Bank of America and now a resident scholar at the Hoover Institution in Stanford, Calif.: "If the Administration backs away from its program under pressure, then the picture gets much worse. Inflation will take over America. Then there goes the dollar, interest rates, everything...
Burnout has a way of turning the sovereign self (as we thought of it once, long ago) into a victim, submissive, but passive-aggressive, as psychologists say; it is like a declaration of bankruptcy-necessary sometimes, but also somewhat irresponsible and undignified. It is a million-dollar wound, an excuse, a ticket out. The era of "grace under pressure" vanished in the early '60s. Burnout is the perfect disorder for an age that lives to some extent under the Doctrine of Discontinuous Selves. It simply declares one's self to be defunct, out of business; from that pile...