Word: dollarization
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Dates: during 1980-1989
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...need a president who will be honest about the economy. A president needs to confront the $150 billion deficit, not spend yet another administration ignoring and pushing it into our future. We need plans to fuel trade and raise the dollar. Neither candidate has been honest enough to campaign on a platform of increasing taxes, yet every president--including Reagan--has raised taxes. Bush's vow of "no new taxes" is demagogic. Dukakis has not provided an answer to this dilemma, but he will not do away with the needed social agenda to gain fiscal solvency...
That charge has been the core of a multimillion-dollar advertising campaign that has saturated Maryland's airwaves since Labor Day. In addition, the law's opponents have used some of the $4 million supplied by the N.R.A. to canvass urban neighborhoods, proclaiming that cheap handguns are often the only means poor people have to defend themselves against crime. Outspent more than 12 to 1, defenders of the gun ban have countered by emphasizing its many influential backers, including the state's largest law-enforcement agencies. Governor Schaefer was so outraged by the N.R.A.'s campaign that he is starring...
SUCH ethical considerations, however, become somewhat of a mockery in the face of the KKR bid. The takeover of RJR means that the University will "make a killing" on the portion of the company it owns when KKR or RJR managers bid top dollar for its share. Essentially, the University hit the daily double--if KKR wins, the downpayment it makes for RJR will include several million Harvard dollars it invested in KKR last year. Harvard will eventually get a healthy return on that portion...
Fortunately, Hiyakuta's ruthlessness is all in good fun. Last week in London he became the first Japanese to win the world's Monopoly championship, defeating 29 players from 28 countries. His final challenger: 13-year-old Ken Shabtay, an Israeli. Hiyakuta was breathless after collecting his last dollar in the 2 1/4-hour final. "Most pleased!" he declared. "I really wanted to win. I was determined." His title is no mean feat: the game has now been translated into 19 languages, and 100 million copies have been sold. Hiyakuta, a trading-company employee from Chiba City, took home a cash...
Foreign enterprises are fueling much of the U.S. takeover activity, mainly because the weak dollar makes U.S. assets bargains. So far this year, foreign firms have acquired U.S. companies valued at $17.5 billion. Some of the richest bidders are Japanese: Sony paid $2 billion for CBS/Records Group, and the Bridgestone tire company bought Firestone for $2.6 billion...