Word: asianized
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Dates: during 1990-1999
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...sleek designs still press all the fashionistas' buttons, but the firm has been buffeted by other ill winds, from the ongoing trial in Italy of Patrizia Gucci (charged with murdering her ex-spouse Maurizio Gucci, grandson of the company's founder) to worries about the fallout from the Asian financial crisis. Last September, when De Sole announced that profits growth for 1997 would be lower than expected, Gucci stock plummeted almost 20% in one day. Sure enough, the company announced last week that this year's first-quarter net profit had dropped 10% from last year, from $48 million...
When he was in high school, Eric Liu labored desperately not to be defined by his race. He made himself into a "Renaissance boy"--a wrestler and musician, prizewinning scientist and newspaper editor--all to avoid the stereotypes commonly affixed to young Asian-American males. As Liu writes in his new book, The Accidental Asian: Notes of a Native Speaker (Random House; 206 pages; $23), his effort to distinguish himself didn't always work: "In the eyes of some, I suppose, I was simply another Asian 'overachiever...
This book should change that. The Accidental Asian provides a perspective on race often ignored in America's black-white conversation. It is in part a collection of essays on racial identity and the place in American life occupied by the 10 million Americans who claim Asian descent. But it is also a family narrative: the story of Liu's immigrant Chinese parents and their assimilation into American society, and Liu's own struggle to transcend his race while not selling out his heritage. The result is a unique--and uniquely American--memoir, suffused with smarts, elegance and warmth...
Dawn Lee '01 is visiting family and interning at the South China Morning Post in Hong Kong this summer. She hopes one of you budding economists can come solve the Asian financial crisis so she can see smiling faces on the streets again...
...selloff was the surest sign that the global danger posed by the Asian crisis is far from over. But Van Voorst believes the action won't be sufficient to save Japan: "The few billion that the U.S. spends on propping up the yen are spit on a hot stove," says Van Voorst. "They're important mostly as a psychological reassurance to Tokyo. It's up to the Japanese to get themselves back in shape." Japan has been sluggish in responding to G7 pleas for urgent action, but Treasury official Larry Summers flies to Tokyo later today to press the case...