Word: asia
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Dates: during 1990-1999
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...Bosnia or bailing out Asian markets. Already it appears that Clinton will have to abandon his promise to revisit the trade issue this spring if he is to have any hope of winning on the more pressing question of new funding for the International Monetary Fund to stabilize Asia. In the interview, Clinton said he has not made a "final decision" on whether winning one means losing the other...
...When Asia started sinking late last year, few of the highly paid stock market mavens in the U.S. worried much about any ripples reaching home. Too distant, too little. Too bad. But the arrogance has begun to fade. Our unstoppable bull market in stocks has, well, stopped. It is now apparent that the Far East's economic troubles have become too deep to dismiss...
...good for the U.S.--it would help hold down inflation--are now slashing their 1998 growth forecasts and fretting about possible deflation, the broad and sustained decline of prices for everything from semiconductors to semigloss. Most agree that the growth of the gross domestic product this year, because of Asia's problems, will be a half to a full percentage point lower than earlier forecasts--in real numbers, roughly 2.5% instead of the 3% or 3.5% that was talked about last year. Meanwhile, as scores of companies prepare to report fourth-quarter earnings, Wall Street is marking down its expectations...
...buying the look almost exclusively, dragging their wide-bottom jeans through the streets of Kyoto and Tokyo. Phat Farm, the cartoonishly rural-themed stores selling the hip-hop label started by Russell Simmons, the founder of Def Jam Records, says one-third of its customer base is in Asia...
Even some of the smaller labels--employing between 10 and 30 workers--have the distribution pull to get to Asia, and they're becoming players on the domestic scene. Positano, which is only two years old and still without a marketing staff or advertising budget, can be found in the Beverly Hills Macy's, smack between Calvin Klein and Ralph Lauren. Ecko, which started selling clothes in 1995 from a two-story walkup in Manhattan's Washington Heights, had no department-store distribution when it grossed $36 million last year and was commissioned to design a 20-piece collection...