Word: marketing
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Dates: during 1980-1989
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...Cambridge has already changed a lot," says one rent control tenant on Broadway. "People want to live in 'hip places' and the people who made it sort of bohemian can't afford to live there at free market prices...
...treat it as funny money. In the past year Soviet economists have openly acknowledged that the ruble's official rate of exchange with Western currencies was seriously out of whack. While the Soviet state bank, Gosbank, gave visiting foreigners only 0.65 rubles for every U.S. dollar, a thriving black market offered as much as 15 rubles. An internal study done for the Central Committee of the Soviet Communist Party reportedly estimated the ruble's true value to be as low as 20 to the dollar...
...glut of cash, a so-called monetary overhang, which has ballooned under Mikhail Gorbachev because the Soviet government has run increasingly large budget deficits to maintain social peace by subsidizing prices for essential goods and services. The government prints more money to cover the gap, which in a free-market economy would increase inflation. But under the severe price controls of a command economy, the money has no place to go but under the mattress. Jan Vanous, research director of PlanEcon, a Washington-based consulting firm, estimates that by the end of 1989 the store of unspent, readily available money...
...leave Salomon Brothers for other concerns -- and so do many of the best employees. The house that has thrived on hostile takeovers itself becomes a target. Then comes the Crash of '87, when "investors froze like deer in headlights" and hardened professionals were "helpless as they watched their beloved market...
...groups had called for "quiet and solemn celebrations" throughout the country on the anniversary. Officials, fearing that the unauthorized gatherings could easily turn into giant antigovernment protests, sought to block them. To make sure that shops were well stocked during the week before the anniversary, authorities released onto the market large supplies of normally unobtainable imported bananas and oranges. "They continue to dangle these things in front of the populace as an incentive for political acquiescence," said a Western diplomat in Prague. "But it is clearly becoming harder and harder for them to buy off people in this...