Word: asianized
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Dates: during 1990-1999
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...selloff of its own currency, hoping that driving down the dollar would arrest the fall of the yen. "The Japanese recession has set off alarm bells in Washington," says TIME correspondent Bruce Van Voorst. "If the yen continues to fall, it will put pressure on China and other Asian economies to devalue their currencies to remain competitive, and that would have a disastrous effect on the already huge U.S. trade deficit...
...Which, for like-minded Americans currently walking tall on Wall Street, is a sobering thought. Still, hard times in Tokyo can be good news for U.S. investors. "The time is coming when you should be buying Asian stocks," says Kadlec, who recommends placing around 5 percent of your portfolio in the troubled region. A tumbling yen also helps keep inflation down stateside, not to mention making it a little cheaper to vacation in the land of cherry blossoms...
...international community shuddered at the thought of where this path would end. Bill Clinton was dismayed. In just 17 days the Asian subcontinent had suddenly repeated, as he darkly put it, "the worst mistakes of the 20th century." Now would the Indian and Pakistani explosions, as some optimists suggest, bring a kind of fearful stability to the region? Could the two countries settle back into a state of mutual assured destruction (MAD), like the one that kept the superpowers from nuclear holocaust during the cold...
News of contributions from American alumni regularly appears in the University fundraising newsletter, resources, and the administration's newspaper, the Gazette. Except for a feature in the summer 1996 issue of resources about Japan's Mitsubishi Corporation, however, Asian supporters have received little public attention...
...meantime, Sorenson says the East Asian Operations division of the Development Office--the only separate geographic division listed in the University Directory of Professional Staff--will continue its work...