Word: asianized
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...into soccer and despoiling academics by paying the University of North Carolina to wear its wares. A long-standing criticism is that it uses extravagantly paid endorsers to sell overpriced sneakers to underprivileged kids. The company has been tarred by an image as a sweatshop operator that exploits Asian workers who make shoes and apparel for Nike subcontractors (see box). Nike's efforts to be a good corporate citizen, and they have been considerable, have been unavailing in the public forum...
...when TIME's panelists analyzed the forces shaping the numbers at a special meeting in New York City, they repeatedly talked of trends and events "unprecedented for modern economic times." Those words from Allen Sinai, chief global economist of Primark Decision Economics, referred specifically to the meltdown of Asian economies. But other tendencies are at least equally striking. They include a reappearance of the word deflation in serious discussions of U.S. prices for the first time in decades, as well as the possibility of a string of American budget surpluses unmatched since the Roaring Twenties--and the beginnings...
...question is how badly these forecasts may be knocked askew by the ongoing Asian economic tempest. Henry Kaufman, one of Wall Street's most respected financial analysts, wryly notes that economists most often "forecast usual events because we all have experience" with them. But the Asian breakdown is far outside that experience. "We've gone over 60 years since we've had this kind of a massive disruption...
...Asian economies continue to spiral down, tipping Japan into a severe recession and roiling global financial markets, says Brusca, "you could have a real horror story." But in what TIME's board hopes is the more likely scenario, the Asian economies will bottom out close to where they are now, and the result will then be to reduce U.S. output growth as much as three-quarters of a percentage point...
...increasing considerably less than the robust 3% or so that it might otherwise have managed, unemployment's rising a bit rather than sinking to still further lows, and a distinct slowdown in corporate profits--especially among companies that had been exporting $300 billion or more a year to the Asian region. On the other hand, sagging demand from Asia is contributing to a worldwide deflation (a term rarely heard since the 1930s) in commodity prices, especially oil. And that is helping to douse what little inflationary fire may be left in the U.S. economy...