Word: asianized
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Dates: during 1990-1999
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What about the chances of a genuine recession? None of the economists on TIME's board would flatly predict one, but none would rule it out either. If the "Asian financial flu" infects Latin America and Canada, if a renewed plunge in U.S. stock prices scares consumers into slashing their spending, and if the Federal Reserve Board fails to make deep enough cuts in interest rates--why, then, a growth recession could turn into the real thing...
...that the U.S. until now has enjoyed a "Goldilocks economy"--not too hot, not too cold, just right--David Wyss, chief economist of Standard & Poor's DRI, the economic-consulting firm, poses this question: "Will the bears eat Goldilocks?" (As in the fairy tale, there are three bears--the Asian, Russian and Wall Street varieties.) His answer: It's a toss-up. Right now Wyss sees a fifty-fifty chance of an outright recession before the end of the year 2000. Wyss would have shifted the odds to favor recession if the Federal Reserve had continued to hold out against...
...indication of how far Asian Americans have come in politics that John Lim, who is running for U.S. Senator in Oregon, thinks his thick Korean accent is actually an asset with voters. "They love it," he says. "They know I speak with a sincerity about who I am." Lim, 62, immigrated to the U.S. in 1966 and worked odd jobs--janitor, gardener, house painter--before entering the real estate business. In 1990, as a political neophyte, Lim finished second in the Republican gubernatorial primary. Two years later, he won a seat in the state senate. Now Lim has spun...
...important that you have an organizationthat works to promote social equality and racialjustice not just for a specific ethnic group butfor all people," said Ho, who is Asian American."Because there are grad students involved as wellas undergrads, we will have more resources andwill be able to get more done...
...also Asian American, said he foundout about the meeting through an e-mail messagefrom a friend in Harvard-Radcliffe ChristianFellowship who is a member of the Boston NAACPchapter...