Word: asianized
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...melodies have fooled me before, but no more will I fall victim to your deception. I am determined to discover the sinister meaning behind your bizarre art rock semblance. The video transmission, unassumingly titled “Fresh Born,” begins with a small group of giddy Asian men pretending to play guitar and drums during some strange chanting. This is not the Deerhoof I’m familiar with, and I’m becoming very afraid. But wait, it’s a fake out! Soon a bearded mystery man arrives to break up the revelry...
...That realization is causing a rapid shift in economic policies by governments that are increasingly concerned about maintaining growth. A few months ago, the biggest threat appeared to be inflation - running at double-digit rates in countries including Indonesia, India and Vietnam - which led Asian central bankers to hike interest rates, hoping to cool off overheating economies and keep a lid on rising costs. But inflation worries have eased with recent sharp declines in the prices of oil and other commodities. Now policymakers are opening the money taps again. In September China's central bank lowered its key interest rate...
...Asia is somewhat better protected than other parts of the world against recession. For one thing, most Asian governments are in sound financial condition and can prime their economic pumps almost at will, says Song Seng Wun, regional economist at CIMB-GK Research in Singapore. "They all face the downturn with a few more bullets in their pocket than they had in the past," he says. The high growth rates of the past several years provide an additional buffer. With the exception of slow-growing Japan, which may already be in a recession, Asian countries will likely account...
...Still, roughly 25% of final exports from Asia are bound for America, and with consumer spending in the U.S. slipping, the manufacturing engines that drive many Asian countries are starting to sputter. The most vulnerable are those with high dependence on exports, such as Taiwan, South Korea and Vietnam. In China, weak export orders combined with rising costs are forcing tens of thousands of small factories to close in the country's industrial zones. The woes of exporters are felt throughout the region, which is tightly linked by trade in manufacturing parts and machinery. Slower sales to the U.S. mean...
...international community's policy of equating India and Pakistan as nuclear weapons states. As Indian and U.S. officials have repeatedly pointed out, the deal has "de-hyphenated" India from Pakistan. "For decades India has chafed at the world's tendency to lock India into a bipolar South Asian framework with Pakistan," says Joshi. "Now, decisively, the rules have been changed for India, and pointedly not for Pakistan." The deal also has a bearing on the regional balance of power, making clear the U.S.'s proclivity to India and sending a signal to Beijing that it has other options...