Word: dollarization
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Dates: during 1980-1989
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...more reassuring defenses of its program: that its budget cuts preserve a "safety net" for the "truly needy," and that its proposal to slash all income tax rates by 30% over three years confers roughly equal percentage reductions in all brackets. Critics point out that the savings in dollar amounts are much greater, and more valuable, in the higher brackets than in the lower. Conservative economists argue that only higher-income people can do the saving and investing needed to renew noninflationary growth, though that case has not been made effectively by the Administration...
...proposed figures are not precise to the dollar, but they represent goals that are reasonable and achievable by the department heads who have the managerial responsibility to reach them," the nine-member panel stated...
...issue of military security. To Israeli government officials, the Sinai has above all been a strategic early-warning zone, affording precious time to react to any military moves against Israel's western border. Most of all, they are preparing to mourn the loss next year of two multibillion-dollar air force bases at Eitam and Etzion. The supersecret and formidably protected Etzion field is described by U.S. experts as "the finest tactical fighter base in the world." During the 1973 October War, Israeli Mirage interceptors scrambled from the field to win 42 aerial dogfights without a loss...
...Says one of Spence's victims: "He's so good that he shouldn't be permitted in a courtroom." He has not lost a case before a jury in twelve years, even though he regularly takes on the polished lawyers who represent powerful corporations. The multimillion-dollar losers include the Kerr-McGee energy conglomerate, for allowing Employee Karen Silkwood to be contaminated with plutonium; Squibb, for marketing an inadequately tested pregnancy-detection drug (Gestest) that apparently caused birth defects; and, most recently, Penthouse magazine, for a 1979 article that libeled a former Miss Wyoming, Kimerli Pring...
...quick buck for producers and a long write-off for investors, and 19 states have outlawed blind bidding, which allowed studios to extract money commitments from theater owners for an unseen product. Now cable TV and cassettes are starting to offer the movies serious competition for the entertainment dollar. The gloomiest forecast is of a nation of stay-at-homes getting all their fun from the giant video screen. "We are supporting a dying business, and the change is scary," says Paul Schrader, 34, who wrote Taxi Driver for Scorsese and directed American Gigolo. "Movies are on their...