Word: dollarization
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Dates: during 1980-1989
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...sums of lire in return for a traveler's check or two. But that heady experience may go the way of the Medici, thanks to a proposal by the Italian Cabinet to lop three zeros off the lira. Instead of doling out 1,250 or so lire for a dollar, bank clerks would slap down a single new lira and 25 centesimi, or cents. Advocates of the plan say the current huge denominations of lire turn such mundane calculations as balancing a checkbook into nightmares...
...there is an office pool on that ultimate test of valor and gristle, the Olympic men's downhill ski race at Mount Allan, near Calgary. You throw in your dollar, reach into the hat, and pull out the name of Switzerland's Peter Muller, say, or Canada's Rob Boyd. Congratulations! These are hairy-eared mountain men, eaters of nails, sleepers on plank floors, and you are looking fairly good to win a hatful of dollars. Muller, at 30 still the toughest downhill specialist since Austria's Franz Klammer, won the pre-Olympic downhill trial at Mount Allan last season...
...preceded the first Winter Games by 16 years, debuting in the summer of 1908. Attention quickly centered on the women (skating people prefer you to say ladies), though dimpled Sonja Henie was just 15 in 1928 when she won the first of three gold medals that launched her multimillion-dollar movie career. In at least two respects, the blond Norwegian starlet of Sun Valley Serenade is still the ideal. East Germany's Katarina Witt, reigning world and Olympic champion, is ( studying to be an actress. And U.S. Challenger Debi Thomas, Witt's primary competition in Calgary, likes the sound...
...part of Noriega's criminal empire that U.S. Attorney Kellner considered classifying the entire institution as a corrupt organization. According to investigators for the Senate Foreign Relations Subcommittee on Terrorism, Narcotics and International Affairs, which will hold hearings this week, Noriega demands a cut of almost every crime-related dollar deposited in Panama's 130 banks. Drug traffickers and money launderers who refuse to pay may have their shipments hijacked at gunpoint...
...cared for. Steven Kalish, a convicted U.S. drug smuggler who was the chief witness against Noriega in the Tampa indictment, says he personally delivered at least $900,000 in bribes to the general in 1983 and 1984. In exchange, says Kalish, Noriega gave him a diplomatic passport, a multimillion-dollar letter of credit and safe passage for hundreds of thousands of pounds of marijuana...