Word: dollarization
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Dates: during 1980-1989
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...economic miracle? Observes Olivetti Chairman Carlo de Benedetti: "The party's over" -- although he hastens to add that "the party's over in the world economy." Italy may export truffles to France, but these days it also imports its eggs, milk and even its breadsticks. Worse, the cheap dollar means that Italian shoe and clothing exports are not selling very well in the U.S. Moreover, Italy's trade deficit this year, at more than $6.6 billion, is already twice the 1986 level...
...relations because the agency has agreed to abandon its usual contract terms and meet Harvard's strict guidelines on keeping research independent of sponsor control. Yet the comments made yesterday by K-School Academic Dean Albert Carnesale indicate that there is concern that the work of the $1.2 million dollar project be kept clear of all agency influence...
...just as suddenly as the financial picture turned sunny, it has clouded over again. Last week the Mexican peso began to gyrate wildly. By Friday its value had settled to about 2,700 pesos to a dollar, down 37% for the week. Supplies of dollars quickly ran out as Mexican citizens lined up at banks to change their pesos. At week's end Mexico's Finance Minister, Gustavo Petricioli, appealed to the public on national television to remain calm...
...settled on After Burner, one of the many fighter-plane games of the Top Gun type. The game cost a dollar. I said to myself, "Oh, well, if it's the only game I'm playing, I might as well...
...Providence Phoenix will look much like its Boston counterpart, but may have different ads and arts listings, Morris said. Most of the copy in the Providence edition of the weekly. which is distributed free at college, campuses and costs a dollar at the newstands, will be identical to the Boston version...