Word: moneyed
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Dates: during 1980-1989
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...matching video system. Ivlev says he paid 1,000 rubles ($1,600) for a Panasonic tape deck. "And we have better food because we shop at the open market, where prices are higher," he points out. Is their bank account growing? "It's not our aim to save money," says Tanya. "We want to spend as much...
...last fall visited the U.S. for the first time to learn more about foreign trade, pays himself 1,500 rubles a month ($2,400), five times as much as he made as a journalist. His most enviable perk is a company car and driver. "I spend a lot of money every month on clothes and fancy restaurants," he says. "I have no bank account. No savings." Consumers have little incentive to save because such major expenses as housing and education are subsidized and bank accounts pay interest of only...
During the Brezhnev era, rock music was carefully controlled through the State Concert Agency, a government bureaucracy that reserved the right to determine which bands could legally perform in public places. Only bands that were officially registered by the agency could receive money for their shows, a ploy that allowed bureaucrats to weed out undesirable groups by choking off their income...
Sukachev, who remembers having to beg for money to ride the subway, makes more than 3,000 rubles ($4,800) a month from concerts, nearly 15 times the Soviet average wage and more than twice the take-home pay of Mikhail Gorbachev. (Says Sukachev: "If I had his house and his car, he could have my 3,000.") Still, success has its problems. "It's really dangerous when people start to praise you for doing the things they used to slam you for," he notes. The band now risks losing the special edge to its sound that developed from...
WANT SOME RUBLES CHEAP? Since the Soviets do not permit their money to be freely converted into dollars or other currencies, the rubles Westerners earn in the U.S.S.R. have dubious value. Foreign companies cannot send their rubles home or even calculate their earnings accurately because there is no accepted exchange rate. While Moscow says the ruble is worth about $1.60, the currency fetches as little as 10 cents on the black market. Some U.S. firms have got around the problem by persuading Moscow to allow the companies to export what they produce with Soviet partners for dollars rather than rubles...