Word: asianized
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Dates: during 1990-1999
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...seemingly bulletproof U.S. economy. But the stock market's swoon--the Dow industrial index was off some 450 points in the past two weeks--is directly linked to the deepening trouble in Asia, which represents only 30% of American exports but about 100% of American worries. Cheaper Asian goods, made possible by currency devaluations, have caused the U.S. trade deficit to balloon: America is buying more from the Pacific rim and selling less. While that's good for companies like Wal-Mart and allows shoppers to buy lawn furniture and kids' clothing cheaper, economists are concerned that Asia is sucking...
That's what friends are for.[10] But even as we build a bridge to the 21st century,[11] it's hard to imagine a black, Hispanic or Asian journalist getting into the same kind of trouble and being able to call on that kind of support without being accused of pleading for special treatment because of race. If Barnicle were black and, say, Jesse Jackson had spoken up for him, it would have unleashed a torrent of complaints that affirmative action has led to the hiring of less-qualified minorities and a diminution in journalistic standards. That's what...
America has long used the ploy of playing Japan against China in its game of Asian diplomacy [WORLD, July 13]. Bill Clinton has certainly been dazzled by the allure of China as a big market for U.S. products; he seems unable to see that country's true colors. I will say this to the Americans who want to stick their nose into our economic affairs: "You have not been asked to be a backseat driver; mind your own business." TSUTOMU NAKAMURA Kamakura, Japan...
...firm up his grip on power. This goal has apparently been achieved. But what did the U.S. gain? Not much. Now that the party is over, can we face the fact that China is a communist country? Is communism still a threat to the democratic world? To the Asian countries, Taiwan in particular, the answer is yes. The U.S., the leader of the free world, should have second thoughts about the way it treats communist China and democratic Taiwan. CHENG-MIN TSENG Port Elgin...
...economy has slammed on the brakes, growing only 1.4 percent in the April-June quarter. But if it doesn't worry Alan Greenspan, it shouldn't worry you. "This is exactly what economists were hoping for: The beginnings of a soft landing," says TIME business reporter Bernard Baumohl. "The Asian crisis is starting to hit us, and a slowdown was inevitable. This one, especially balanced with the abnormally high first quarter...