Word: dollarization
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Dates: during 1980-1989
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This season her acolyte is Ebby Calvin ("Nuke") LaLoosh (Tim Robbins), a southpaw with a million-dollar arm and a five-cent head. Nuke is a little raw. He's meat in need of curing, and Annie sees that as her mission. So she straps him into her bed and reads passages from I Sing the Body Electric. You remember Walt Whitman; according to Annie, he pitched for the Cosmic All- Stars. And his dithyrambs, invoking "limitless limpid jets of love," could be in praise of a fastball pitcher whose arm doesn't turn to overcooked pasta...
...says Briton Charles Stanford, who is traveling through the country in a camper with his wife. "The exchange rate has a lot to do with it. Every week we're here, the lira improves." Three years ago the Turkish lira was about 600 to the dollar; today it hovers around 1,300. Pamela Douglas, 24, a Los Angeles student, has been sharing rooms at boardinghouses for 2,500 liras a night. At the current exchange rate, that comes out to slightly less than $2. For that price, says Douglas, "I expected lice." Instead, she has found the rooms modest...
...flood of imports -- more than 3 million last year -- has leveled off because the fall of the dollar against other currencies has made Japanese and European cars much more expensive in the U.S. While the cost of many Japanese models has gone up by 25% or more since 1985, Ford has been able to hold price hikes during the same period to an average of 7% (and only 4% on the smaller cars that compete most aggressively with imports). Still, Japanese imports managed to win 21.3% of the U.S. market last year, up from...
Americans last year quaffed at least 50 million gallons of French and Italian table wine, so the Aussies clearly have a long way to go. But there are good reasons why experts see a promising future. For one thing, the declining value of the U.S. dollar has pushed the prices of quality French wines -- most red Burgundies, for example, and the top-rated crus of Bordeaux -- beyond the reach of all but the wealthy. Meanwhile, thanks to the relative weakness of the Australian dollar (worth 77 cents in U.S. currency), virtually all Down Under wines available...
...weak dollar brings a flood of tourists to America. -- A Canada- U. S. trade pact meets resistance in Ottawa. -- Rustling flourishes...