Word: transition
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Dates: during 1980-1989
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...hauling cash out of the U.S. has its drawbacks. The interest revenue lost while cash is in transit pains a drug dealer as much as it would a corporate financial officer. And since narcotraffickers see America as a safe and profitable haven for their assets, they often launder and invest their cash in the U.S. The first and trickiest step is depositing the hot cash in a U.S. financial institution. Reason: the IRS requires all banks to file Currency Transaction Reports for deposits of $10,000 or more. During the early 1980s, launderers got around this scrutiny by employing couriers...
...that pour out of automobile tail pipes are just as damaging to the environment. Every time Americans climb behind the wheel, they make their own personal contribution to the global-warming threat. Here again, a gradual modification of life-style can make a dramatic difference. When possible, use mass transit and support its development and expansion. For short distances, consider using a bicycle; it is excellent aerobic exercise. And, as in the energy-short 1970s, buy more fuel-efficient autos and carpool to work...
...example, voters overwhelmingly approved new restrictions limiting the height of future downtown skyscrapers to 450 ft. "The California rush is actually useful in crystallizing the debate over our future," says Lois Schwennesen, King County's planning and development manager. "It's helping us face some hard choices, about sewage, transit, road construction and the rest, and it's helping us understand that you can't have...
Western visitors will not reap many bargains from last week's step, which in practical terms will apply to a small portion of transactions. Tourists are generally asked to pay in foreign currency for lodging, transit and food. And as Soviet citizens know painfully well, the ruble is virtually worthless in the domestic economy. Moscow cabbies speed past hapless hailers unless they hold up something more enticing: a greenback or a pack of Marlboro cigarettes...
...Wednesday most of San Francisco had returned to near normal. The BART mass-transit system, which suffered only minor damage to its tunnel beneath the Bay, resumed normal service, and airports in San Francisco, Oakland and San Jose were operating again. The surest sign that the crisis was over: baseball commissioner Fay Vincent announced that the World Series would resume Tuesday night if local officials decide it could be done safely...