Word: dollarization
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Dates: during 1980-1989
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...already running $400 million in the red, raised the fare from 50? to 60?. Even without a cutback in federal funding, the price of a token could rise to $ 1 by summer. One survey shows that 50% of New York's riders would willingly pay the dollar if it would mean safer, more efficient service. But the higher fare is unlikely to bring any such improvements. Although the massive system would cost $55 billion to replace, only $300 million a year is being spent on rehabilitation and improvement, $700 million short of what experts say is needed. The Reagan...
...National Conference of Catholic Bishops, and Omega Psi Phi Fraternity Inc. Then, too, there is the Food Research and Action Center, whose troops tramped up to the Hill to protest the proposed food-stamp cuts. FRAC, employing 25 lawyers, technicians and persuaders, gets two-thirds of its million-dollar budget from the Federal Government it is now attacking. Uncle Sam is once again caught beating himself over the head...
...average American family now watches television for 6½ hours a day, but industry analysts say that when all the new devices are attached to the TV set, people may keep them on from sunup to bedtime. Electronics firms have now entered a billion-dollar battle that will determine which machines those consumers will be using...
...started a shop in a local tobacco store, and out of their first five-foot-long bookshelf the Harvard Cooperative Society was born. The enterprise has since expanded to proportions its founders could never have dreamed possible. Over the past century, the Coop has grown into a multi-million-dollar retailing operation with six stores in the Boston area...
...best bargain available is the International Student Identification Card(ISIC). For a vending-machine size photo, documented proof of your student status, and a six-dollar application fee, you get automatic travel insurance overseas, reduced prices on intra-European student travel, and special discounts on various tours and accommodations. You can pick one up at the Harvard Student Agencies(HSA) office in the basement of Thayer-B, or by writing to Council on International Educational Exchange, 205 East 42nd St., New York...