Word: planned
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Dates: during 1980-1989
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...early last week, Menem's economic medicine was already showing some positive effects. On Monday the black-market rate for dollars dipped below the official exchange rate for the first time since the austral plan was implemented by former President Raul Alfonsin in 1985, demonstrating credibility in the currency's new valuation. Investors and bankers were favorably impressed by the seriousness of the Peronist leader's austerity plan, which prompted the Buenos Aires stock exchange to rise 6.5% in a single day and sent monthly interest rates down 44 points...
...government's new pricing policy got off to a chaotic start. While the plan calls for prices to be rolled back to July 3 levels, prices in many stores kept on rising. The announced end of government subsidies for gasoline pushed prices up 670%, to the equivalent of $1.60 per gal. In anticipation of a 350% rise in subway and train fares, commuters flocked to stations to stock up on tokens...
Most foreign bankers have greeted Menem's plan with hedged optimism. But since Argentina has failed to keep up its payments to the International Monetary Fund and the World Bank, neither agency is eager to issue fresh credits without some proof of economic progress. "What's announced on paper can be very different from the results," said a U.S. credit analyst...
Harvard has indicated that it may file an amendment to its master plan to accommodate the building purchase and administration officials have said they want to set up a mechanism with the community to avoid a repeat of this summer's dispute...
...Everyone was hailing [Harvard's master plan] as a model plan--a process working the way it's supposed to work," says Marilyn Lyng O'Connell, Harvard's co-director for community relations. "I think in the end history will still record it that...