Word: froze
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Dates: during 1980-1989
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...sharp wage hikes that fueled inflation and led to a new run on the peso. López Portillo, who had earlier vowed "to fight like a dog to defend the peso," was thus obliged to decree a second devaluation on Aug. 6. To complicate matters further, the government froze all foreign-currency bank accounts in Mexico, then announced last week that they would be paid off only in pesos at a fixed rate of approximately 69.50 to the dollar-far below the market rate, which was hovering around 100 at week...
Then the visitor asked Samer what he would like to be when he grew up. Samer said that he would like "to marry." The soldiers roared. The boy, not realizing that he had said something funny, froze in bewilderment. In answer to another question, Samer said that he would like to live in a world without soldiers. He said so there, standing where the Swedish modern desk was, where the straw shifts back and forth now. After the boy left the room his father swore. "If I am killed, my son will carry...
When Byrne did not act, HUD froze $14.5 million in subsidies. The mayor retaliated by taking out $35,000 worth of newspaper ads describing HUD's charges as a smokescreen for "inadequate funding for public housing." Swibel held firm, refusing to resign at a raucous CHA meeting early last week. "I'm staying because I've done nothing wrong," he insisted shortly before being hospitalized with an apparent ulcer attack...
...other big financial gun that Britain has at its disposal is based on the pivotal role that London plays in world finance. The day after the Argentine invasion, the Bank of England froze $1.4 billion in Argentine assets held by London banks. Last week the bank put out clarifications about how the freeze would be administered and indicated that it would not be too heavyhanded. That calmed worried bankers and showed that Britain was not about to declare total economic war. International bankers are very nervous about the stability of world finance because of the heavy loans to troubled countries...
...lightning attack humiliated and outraged Britain, which instantly broke relations with Argentina. At an emergency session, the United Nations Security Council voted 10 to 1 in favor of a British draft resolution demanding Argentine withdrawal from the Falklands. Britain froze Argentine assets in the country, worth some $1.5 billion, and Argentina re sponded by freezing British assets, estimated at $5.8 billion. The House of Commons held its first weekend emergency session since the Suez Canal crisis of 1956. Irate Tory and Labor members were virtually unanimous in directing the Conservative government of Prime Minister Margaret Thatcher to recover the islands...