Word: moneyed
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Dates: during 1980-1989
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...Eastern Europe's main problems is concealed inflation: too much money chasing too few goods. West Germany's remarkable postwar recovery was based on a brutal currency reform that in 1948, under Allied military government, destroyed all savings and, by restoring the scarcity value of money, ended the barter economy. Eastern Europe suffers from another economic distortion: the incestuous trade patterns that are a legacy of the Stalinist years. Trade under Comecon, the Council for Mutual Economic Assistance, was based on a curious reverse mercantilism: the imperial country (the Soviet Union) supplied energy and raw materials that the colonies...
...current tax package was attached to a $45million "survival package" supplemental spendingbill that restores money to social programs and tohigher education. The original package would haveraised about $1.2 billion on an annual basis andmoney for this fiscal year by $626 million
Moynahan said he hopes the money will send a message to the politicians who find it; otherwise, he speculates, the balloons may hit the jet stream and waft down to Central America...
...some students questioned Moynahan's creative use of funds. "There are hundreds and hundreds of people who need the money right here in Cambridge," said Graduate School of Arts and Sciences student Nigel Gould-Davies. "They should find a way to distribute it here...
...going for the three-point offense this year," Delaney Smith said. "We have three money three-point shooters, and our inside game is better. We're getting the ball down low better...