Word: asianized
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...suffer massive losses of output and jobs. And the introduction of U.S.-style deposit insurance in many countries means banks are less vulnerable to runs by depositors than they once were. Finally, the possibility still exists (though the odds are slimmer than they were a year ago) that the Asian and Middle Eastern sovereign wealth funds could step in to recapitalize U.S. and European banks before they succumb to another great contraction...
...worst-case scenario: a repeat of the Asian crisis of a decade ago, when regional economies and governments were convulsed by devastating recession. That prospect still seems remote. Growth in Asia has remained relatively robust in 2008 and financial sectors sound. But Asian stock markets, most of which have plummeted by 30% or more this year, are signaling harder times ahead. Falling export growth and tighter credit are already beginning to pinch. Merrill Lynch expects GDP growth in Asia (excluding Japan) of 7.7% this year, the slowest pace since 2003. Next year could be worse if the U.S. enters...
...Tootsie Roll center of a Tootsie Pop 9) Consecutive days spent on World of Warcraft 10) Number of Miley Cyrus songs on your iPod 11) Your record highest score on Rock Band 12) Number of jobs you’ve held without getting fired 13) Number of Central Asian states you can accurately spell 14) Number of times you failed your driving test 15) Number of cable knit sweaters owned
With a newfound interest in Korea, Wagner returned to Harvard to finish his Bachelor’s degree before earning a Masters degree in 1951, and a Ph.D. in History and East Asian languages in 1959. He began teaching at Harvard...
Some observers in Pakistan criticized the personnel shake-up as a response to U.S. pressure. The changes came just weeks after Richard Boucher, the U.S. Assistant Secretary of State for South and Central Asian Affairs, publicly demanded that reform of the ISI be carried out. They also followed last weekend's secret meeting between Pakistan's recently elected President, Asif Ali Zardari, and CIA head Michael Hayden about what the U.S. intelligence agency called the "double game played by Pakistan's spy agency." While in New York City for the United Nations General Assembly, Zardari told Roger Cohen...