Word: dollarization
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Dates: during 1980-1989
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...movies, even if it means taking dangerous curves toward roles that might confound his fans. This day, after a dozen laps, Cruise sees a dime, stops on it and emerges from the Lumina to say hello to a visitor. He extends a hand and flashes the million-dollar smile -- or, to judge from the worldwide take of his past four movies, the $1.035 billion smile. He points to the car and asks, "Want to go around...
Cruise was willing to do anything for the picture; he tabled his usual multimillion-dollar salary, and will earn no money until the box office sends some back. He spent hours with Kovic, peppering the vet with questions, soaking up the man's life. In matching wheelchairs, the two men would go shopping; Cruise was rarely recognized. In a Westwood, Calif., electronics store, he was asked to leave because his wheels were leaving marks on the rubber carpet. "He was furious," recalls Kovic. "Everyone in the store turned and looked at him when he shouted, 'I have as much right...
...modernized Postal Service emerges. Officials downplay the problems but admit that the new pace is hard on older clerks accustomed to stuffing mail into pigeonholes. Yet the old-fashioned postalworker represented by two powerful unions is going to have to adjust. "We've got to capture the savings dollar-for-dollar that these machines represent, or we can kiss the Postal Service as we know it goodbye," says Robert Setrakian, chairman of the Postal Board of Governors...
Investors agreed. They flocked to place money with the brothers, who had earned a reputation for creativity and bareknuckle competitiveness in the genteel British ad market. The Saatchis went on a billion-dollar spree that sparked panic on then complacent Madison Avenue and helped fuel a merger frenzy as other agencies joined forces to stay in the game. Meanwhile the brothers bought and bought. Among the dozens of U.S. firms they scooped up were top names like Compton Communications (purchased in 1982 for $55 million), Dancer Fitzgerald Sample (1986, $75 million) and Backer & Spielvogel (1986, $100 million...
...municipal workers and teachers, the Senate plan would change a law that now requires contribution of an equal dollar amount to health premiums by employers to one that would require an equal percentage contribution...