Word: dollarization
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Dates: during 1980-1989
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Corporation members recently claimed to be unable to provide an estimate for how much money Harvard lost on its Citibank sale. "You simply can't trace a single dollar through Harvard's portfolio," Lawrence F. Stevens '65, secretary to the Corporation's Committee on Shareholder Responsibility, said last week...
...while wearing a suit of armor. Says he: "For years I have conducted my affairs in exactly the same way, having audits and settling my tax problems on a friendly basis. But as soon as I got a high profile, the IRS began what must have been a million-dollar investigation...
...powers that will be flexing young muscles; you are the turning points of the corridors of power; you dare to misspell the names of the famous and little-known alike; you valiantly rise above the blue books and problem sets and open letters and no interhouses and $20 dollar late fees and ad board hearings, and cry out "I will be read...
That is how some Harvard administrators reacted when they learned students were displeased with the University's unpublicized sale of $50 million in Citibank notes and deposits, a sale made because the New York bank extended a multi-million dollar line of credit to the South African government...
Such concessions did not go unnoticed. Cartoonist George Haddon for the Melbourne Herald drew a Kooyong groundsman scattering dollar bills over center court and commenting: "Tell Borg we're covering the court with his favorite surface." The players, however, insisted that money wasn't the issue. Said McEnroe: "It would be good to get a psychological edge by winning here." Said Borg: "John McEnroe is my threat to Wimbledon. The threat will be less if I beat him in Australia...