Word: asianized
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Japan was the right place at the right time for Geithner because Tokyo had become a critical post for any U.S. government official. The Soviet Union had collapsed, the Cold War was over, and there was great interest in the alternative Asian economic models that seemed to be performing better than the U.S.'s. Bilateral-trade issues had suddenly become what arms-control talks had been to the Cold War. Geithner made his bones in the U.S. Treasury by helping negotiate a comprehensive deal with Japan that, against all expectations, opened Tokyo's financial-services sector to foreign companies...
...worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis of the late '90s," he once told...
...Mediterranean at the border between Israel and Egypt, has been at the center of geopolitical tug-of-wars for its entire existence. Originally part of the Ancient Egyptian region of Canaan, Gaza was best known in ancient times for its strategic location as an important trading center for Asian, European and North African markets. The desirability of the territory resulted in frequent battles for its control. Gaza was conquered by the Philistines in the 13th century B.C., razed by the Hasmonean Kingdom and suffered incursions from the likes of Napoleon and Alexander the Great, whose army put the entire male...
When Congress wants to get something off its chest, it can also pass a resolution to congratulate or to express sympathy. These are often fairly unanimous, like resolutions expressing sympathy for South Asian tsunami victims, or those celebrating teachers, firefighters, mothers, or Toby Keith (U.S. Rep. Tom Cole of Oklahoma called the country musician "a good Democrat" who "reflects his deep admiration for the troops in his hit song 'American Soldier...
...There's also the inspiration provided by this century's most electrifying election yet: the 2008 U.S. presidential race. Across Asia, citizens are beginning to ask who will serve as their nations' Obamas, change agents who vow to reach across party lines and heal divided societies. One Asian, it turns out, has already assumed the role. Just before the American election, on a string of islands and coral atolls in the Indian Ocean, another far less heralded poll took place. For 30 years, Maumoon Abdul Gayoom had ruled the Maldives, making him Asia's longest-serving leader...