Word: moneyed
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Dates: during 1980-1989
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...about 11% of the GNP, by some estimates. The ruble, arbitrarily said to be worth $1.60 but not freely convertible into dollars or other Western currencies, brings as little as 10 cents on the black market. But price controls have repressed the latent inflation, and people have more paper money -- about 300 billion rubles in savings -- than there are goods available for purchase...
...rubles, or $1,120, about three times the average Soviet salary and enough for her family to live very comfortably. Says she: "We buy anything we want." Thanks to the co-op movement, employee profit sharing and other budding forms of entrepreneurship, many Soviets are suddenly earning enough money to do more than just scrape by. They are enjoying a taste of the good life, and some are even becoming wealthy, at least by Soviet standards...
...fling with materialism is problematic in a country that has officially scorned materialism and has trouble producing enough basic goods, much less luxury items. Even such Western staples as cars, refrigerators and washing machines are in chronically short supply. As a result, well-off Soviets often have much more money than they need for smaller indulgences, including restaurant meals, videos and stereo gear. "Money slips through our fingers," says Vladimir Ivlev, chairman of a Moscow clothing cooperative that pays him a monthly salary of 2,000 rubles...
...they not been involved in the ROTC program (receiving the scholarship) is generally true for me, but for a reason far different than any he mentions. If Harvard did not have a ROTC program, I would have attended the Naval Academy. I am not in the program for the money but for the opportunity to serve and defend my country. I understand that not everyone believes that the military is the right means for such an end, and many here at Harvard see such attitudes as loyalty and patriotism as hackneyed, but I do not feel that they should have...
...Money is not really the issue. What we want to know is that Eastern has a future," Fletcher said...