Word: dollars
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Dates: during 2000-2009
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...hauled piece by piece into the city and up onto the roof of a six-story, 13-block-long building. Inside that vast, quasi-subterranean space will be 13 acres of TV studios, underground parking for thousands of cars, and an enormous shopping mall. The whole multibillion-dollar shebang, called Television City, must get approval from two separate city boards, a process that could take a year. If Trump is successful, his enclave will be the most ambitious urban project of its kind since Rockefeller Center went up half a century...
...requires minute scrutiny, and the Ways and Means plan had many minor and major changes in the fine print. The proposal would keep the top annual contribution for an Individual Retirement Account at $2,000, but it would reduce a taxpayer's IRA write-off by $1 for every dollar the person puts into a 401(k) plan, another popular tax-deferred savings plan. The committee felt the Government could recoup revenue by limiting how much money taxpayers put into both plans at the same time...
...city where money is paramount. The police arrested more than 500 beggars last year, some of them adults who organized and dispatched children to panhandle at the city's railway station. The town's most popular pastime seems to be currency juggling, with the Hong Kong dollar selling up to double the official rate...
Even as the economy quickened, though, a major problem was looming offshore: a $145 billion U.S. trade deficit. The prime cause for the yawning gap between exports and imports was the strong U.S. dollar. American businesses found it increasingly difficult to compete in foreign markets because their wares were too expensive. At the same time, low-priced imports pummeled U.S. industries at home. The trade imbalance held back the economy and raised protectionist fervor to a level not seen since the Great Depression. More than 200 anti-import bills surfaced in Congress, including measures to keep out shoes and textiles...
...pledged in September to create a $300 million war chest to help U.S. companies finance exports. Treasury Secretary James Baker met with finance ministers and central bankers from Japan, Britain, France and West Germany at New York City's Plaza Hotel and agreed to help bring down the runaway dollar. Prodded by Government intervention in foreign-currency markets, the dollar by December had declined 18% from its peak in February...