Word: dollarization
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Dates: during 1980-1989
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Today satellite pictures of chlorophyll a, the best indicator of photosynthesis, are as reliable as readings taken directly from the water. Evans and NASA will soon begin releasing the global images to eager colleagues. "If we are to ask society to make trillion-dollar decisions, such as switching from coal to natural gas in order to reverse the greenhouse effect, we have to validate the models on which those decisions are based," says Stephen Schneider of the National Center for Atmospheric Research in Boulder. "The primary productivity of the oceans is an essential component of any such model...
...Clyde Prestowitz argues in his recent book Trading Places, the flight of budding entrepreneurs from large heavily capitalized corporations is wounding the very U.S. companies that are most capable of competing with the sprawling industrial giants of Japan. Even some leading entrepreneurs, mostly those whose brainchildren are now billion-dollar companies, say the start-up craze has gone too far. Gordon Moore, chairman and co-founder of Intel, the chipmaker based in Santa Clara, Calif. (1987 revenues: $1.9 billion), says "vulture capitalists" have lured away some of his best technicians with offers of seed money to start their own firms...
Somewhere in the middle, torn by good intentions and unintended consequences, fall the vast majority of people who confront the panhandlers day after day. The encounter is often frightening, always discomfiting, for Americans live in cities full of appalling contrasts: the verminous tenements rub up beside the million-dollar developments; the high-rises tower over the ghettos. It is hard for those who trip on a beggar as they leave a restaurant, where they may have just spent more on a meal than some people earn in a week, to claim that they cannot spare some change. The question, rather...
...represents the thing teens love to hate: Dad. "Freddy is the most ruthless primal father," says Craven. "The adult who wants to slash down the next generation." No keys to the car, Son. And no clean beaches, no safe streets, no safe sex, no noble politicians. Just a zillion-dollar debt for you to pay, and a nuclear winter that lasts forever. Adults ruined the world and created Freddy. Only kids can save it and destroy...
...drive has stripped grocery shelves of staples, making Rumania the only country in Europe where hunger is widespread and malnutrition on the rise. As beggars panhandle on Bucharest's crumbling sidewalks, welding torches glow night and day at the site of a monumental government complex, part of a multibillion-dollar "modernization" program that has already flattened almost half the capital's centuries-old historic district. In the meantime, Ceausescu feeds his ego with the only officially sanctioned personality cult in the East bloc. Says a Western diplomat in Bucharest: "The situation before was terrible, but now it is surrealistic. Ceausescu...