Word: absorbability
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Ties with Japan have been strained, first after the heavy pressure from Washington to absorb more U.S. goods, more recently after the rape of an Okinawan schoolgirl allegedly by three U.S. servicemen. Last week the commander of U.S. Pacific forces had to accept early retirement when he observed that the servicemen could have hired a prostitute for the cost of the rental car in which they purportedly committed the crime. But officials on both sides have been stressing the importance of healthy ties overall to undercut the disruptive power of individual issues, and it seems to be working...
...bring to the table a great deal of law enforcement experience, but others close to the problem may be able to teach him things, so he will listen, absorb and try to take into account the views of others," Stern said...
Milosevic: "He's tough to read. Being bright and tricky, he's dangerous. He wants an end to the immediate fighting. He wants the sanctions lifted. Our great fear is that after a so-called decent interval he'll try to absorb all of Bosnia. He may try for an Anschluss...
...largest debtor to the U.N. refusing to pay. As a result, the U.N. may have to default on its $1.2 billion debt to 80 countries. Ironically, the hardest hit will probably be American contractors who have done most of the U.N.'s work and who will have to absorb the default...
While intensely embarrassing, the hidden deals won't shatter Daiwa, the world's 13th largest bank (Barings ranked 474th). Its $197 billion in assets can easily absorb Iguchi's losses. Even after writing them off, Daiwa expects to report a $70 million profit for the six months that ended on Sept. 30. Yet Daiwa's 30 or so top officers, in a form of self-imposed wrist slaps, will take pay cuts of up to 30% for six months and will forgo their annual bonuses. The bank itself sold $336 million worth of real estate in Tokyo, Osaka, Hiroshima...