Word: asianized
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Dates: during 1990-1999
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...grew 1.9 percent in the first three months of 1999 after six straight quarters of contraction. The number was hailed by optimists as a sign that Japan?s moribund economy had finally bottomed out, and U.S. stocks dropped Thursday on the hint that a Japan-fueled recovery of the Asian tigers was on -? and that U.S. inflation (and a Fed rate hike) would soon follow...
...free-spending Japanese consumers to buy their exports. Japan, in its current state, has neither. The once-emulated economic juggernaut has been reduced to the humiliating status of an export-dumping nation, irking the U.S. profoundly in the process and affording no help whatsoever to its shell-shocked Asian neighbors...
...cruise missiles. And though the Chinese have yet to adopt many of the tricks they picked up by stealing U.S. secrets--how to cram multiple warheads on a single missile, for instance--Representative Christopher Cox is not alone in his fear that the spying may have helped accelerate an Asian arms race...
Those billions are just part of the Suharto wealth. Though the Asian financial crisis has trimmed the family empire considerably, the former President and his children retain a sizable fortune. TIME correspondents found indications that at least $73 billion passed through the family's hands between 1966 and last year. Evidence indicates that Suharto and his six children still have a conservatively estimated $15 billion in cash, shares, corporate assets, real estate, jewelry and fine art. The treasure was accumulated over three decades from a skein of companies and monopolies dominating vast sectors of the country's economic activity--from...
...Washington-savvy Eizenstat from the Commerce Department two years ago to grab back some control of international economic policy, which the State Department had ceded to other agencies. Since then, State and Treasury have fought a turf war behind the scenes over control of Washington's response to the Asian financial crisis and Russia's economic bailout. Summers will now have Eizenstat under his wing, instead of his being a Foggy Bottom competitor. The player trade "wasn't Madeleine's first choice," said a senior White House aide. She's now looking for a heavyweight to fill Eizenstat's post...