Word: dollarization
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Dates: during 1980-1989
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...boat's dimension. The deed also provides that the Cup is forfeit if the challenge is not met in ten months. After a judge confirmed these conditions two weeks ago, Sail America's Thomas Ehman complained, "Fay is an opportunist who sees the chance to take a billion-dollar industry back to Auckland." Said San Diego Mayor Maureen O'Connor: "The ruling is un-American...
During the early 1980s Americans developed a pronounced taste for imported goods, stimulated by the strong buying power of the U.S. dollar. Moet & Chandon champagne could be fetched for a bargain $13 a bottle, and sales of everything from Porsches to Paris designer dresses simply zoomed. But now that the dollar has declined some 40% against major currencies, the U.S. consumer's affinity for imports has grown far more expensive. Alas, Moet in Manhattan now goes for more than...
...increase their saving, they will be doing so voluntarily. At least some consumers are already showing signs of disillusionment with the rat race of materialism. Fear of hard times may be a growing incentive to save, along with anger over America's economic weakness. One New York savings bank, Dollar Dry Dock, was playing on those emotions in a recent full-page newspaper ad: IF YOU WANT TO HELP YOURSELF AND CONTRIBUTE TO BUILDING AMERICA'S ECONOMIC STRENGTH, CONSIDER 'SOCKING AWAY' A LITTLE MORE OF YOUR INCOME. A shrewd pitch: saving is not only savvy, but patriotic to boot...
Tied in with the tragicomic tale of Mickey and Bobby is the story of the shocks that an oil boom puts on a small city's system. As Doreen (Priscilla Smith), a local girl who tends bar at the Silver Dollar Lounge, puts it: "Gillette used to be nothing but a wide spot in the road. Now we got two shopping malls, a Kentucky Fried Chicken, and a Cinema One, Two, and Three." They also got drugs, the local favorite being crystal meth, and their share of bar-room brawls...
...director is too much of an invisiblecharacter, especially since this is his creation,"Goldstine said. "Students also want to know whatthe producer does, especially when they have thesemulti-million dollar budgets...