Word: prop
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Dates: during 1980-1989
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...Prop Jon Diorio, who plays in Harvard's pack, contributed one of his two trys of the weekend to get Harvard rolling...
Another proposal objectionable to the White House calls for the Government to keep more detailed records of foreign investment in the U.S. The Administration fears that foreign investors, who have helped prop up the economy through heavy buying of Treasury bills and other securities, might trim such purchases if they knew their names could be made public. Nobuhiko Sasaki, a deputy director at Japan's Ministry of International Trade and Industry, warns that congressional passage of the proposal would be "like putting a knife to your own neck...
...might not prop up the U.S. dollar abroad, but it could give the buck more weight at home. An alliance of Congressmen and business groups wants to replace the dollar bill with a gold-colored coin bearing the likeness of Christopher Columbus. The change would boost business for vending machines and could help the blind distinguish a dollar from larger denominations. It would also save money: coins last 13 times as long as the average greenback's 18- month life-span...
...dollar continued to slip even though foreign governments spent almost + $100 billion during 1987 to prop up the currency. By late December the dollar went into a nose dive. Unbeknown to most traders, though, the central bankers were quietly baiting a so-called bear trap, in which they aimed to punish speculators who had been reaping profits by consistently betting on the dollar's downfall. They secretly agreed to launch a dollar-buying binge when the currency hit a floor price, possibly at 120 yen. At first only the Bank of Japan came to the rescue. Then all at once...
Since the Soviet army invaded Afghanistan to prop up a Moscow-installed Communist regime in 1979, more than 20,000 Soviet fighters have died. An estimated 1 million Afghans have lost their lives. Weary of such bloodshed, Soviet Deputy Foreign Minister Igor Rogachev said last November that Moscow had made the "political decision" to pull out its 115,000 troops, but a timetable remains to be worked...