Word: asia
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Dates: during 1990-1999
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...last May to relinquish power to a trusted disciple, B.J. Habibie. Even that move could not stem the unrest, and after six months of political tension and economic hardship, chaos has returned to the world's fifth most populous country. Indonesia's woes have been a driving force behind Asia's financial crisis, and the new instability could trigger global market shudders...
...when it meets this week, we can see that bank stocks are selling for substantially less than almost any other sector of the market. Tech, drugs and even oil shares trade at a much higher valuation, relative to expected earnings. Why? Because many bank loans have gone bad in Asia, Russia and Latin America, not to mention the Long Term Capital hedge fund...
Thus far in the 1990s, the Overseas Private Investment Corporation has established 26 funds, which have invested $3.2 billion in businesses in Europe, Asia and Latin America. The U.S. Agency for International Development (AID) has established 11 other funds with 1.4 billion taxpayer dollars. President Clinton is OPIC's best friend. During his tenure, he has increased funds earmarked for OPIC ventures from less than $100 million to $3.2 billion...
...proper political ties or who are major campaign contributors or both. Like the billionaire Ziff brothers, whose fortune came largely from the 1994 sale of the family publishing business built by their father. Since 1996, Ziff Bros. Investments has overseen a $150 million OPIC-guaranteed fund, the South Asia Capital Fund, whose purpose is to make equity investments in India, Indonesia, Laos, Bangladesh, Sri Lanka, Thailand and the Philippines...
Even though scientists expect this month's peak display of Leonids to occur over China, Japan and Southeast Asia--during daylight hours in the U.S.--J.P.L.'s Yeomans suggests that Americans who are curious should scan the early morning skies on both Nov. 17 and Nov. 18. They will certainly see some meteors, he says, and the vagaries of the meteor stream may just present them with a good show. Anyway, he says, celestial circumstances make it unlikely the Leonids will perform much in the next 100 years or so. "Do it now or next November," he urges, "or write...