Word: dollarized
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Dates: during 2000-2000
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...undertaken several initiatives to do so. The most major one came this fall, when Harvard announced a multi-million dollar initiative using University money to fund affordable housing in Cambridge and Boston over the next 20 years...
...advocates will remind the public how difficult it is to "hit a bullet with a bullet"; detractors will claim the test proves their claim that the system is a multibillion-dollar waste of time. And Russia will fume at Washington's disregard for the 1972 Anti-Ballistic Missile treaty, which sharply limits the deployment of such systems. Still, don't expect that to restrain politicians on both sides of the aisle from lavishing billions of dollars on the program - it's enormously popular on Capitol Hill, and unlikely to be scaled back in an election year no matter how poor...
...Bill Clinton has the type of year he wants, all of the candidate debates over how to spend America's projected budget surpluses will be moot. It seems that the post-Y2K Clinton has narrowed his focus to fulfilling seven-year-old campaign promises, and has been churning multibillion-dollar proposals through the White House almost daily. The latest proposal could help avenge the biggest embarrassment of his presidency (well, the biggest policy embarrassment): the failed Bill/Hillary health care reform of 1992-93. On Wednesday the President proposed a $28 billion plan to subsidize long-term care for those with...
...late March AL GORE or BILL BRADLEY will emerge victorious but dead broke and dependent on the D.N.C. to carry on the campaign until the August convention, when each party's nominee gets public funding. Meanwhile, likely G.O.P. victor GEORGE W. BUSH will be waging war with his multimillion-dollar stockpile. The dire straits have prompted BILL CLINTON to sign on for a major fund-raising tour in the next few months, party sources tell TIME, headlining at least a dozen events in a bid to raise an additional $40 million in the first quarter. The D.N.C. suffered as Democrats...
...incorrectly assumes that there was a broad consensus among educated people 20 years ago that Y2K would be a problem. If that were the case, why would multi-billion dollar corporations as diverse as software companies, financial services and oil giants--all of which are generally pretty good at looking after their own interests--have continued to invest in technology that was plagued, in Lee's words, by "programming ineptitude?" "For those of use who like to keep count" writes Lee, "that's $600 billion" spent on Y2K. I do like to keep count. And so does the U.S. government...