Word: asianized
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...signs point to an ugly day in Asian markets in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index plummeted 4.6% in early trading, Hong Kong's Hang Seng index fell 6.5%, and Seoul's KOSPI index dropped...
...main worry of Asian investors isn't so much the stability of Asia's own financial system. For the most part, Asian banks and securities firms have not suffered the mortgage and property losses of their U.S. counterparts. Asia's financial institutions have become more conservative in recent years, having learned their lessons from past speculative investments in assets such as office blocks and shopping malls during the Asian financial crisis that began...
...Asia's economies have held up quite well, but in recent weeks, economists have been scaling back their growth forecasts. Merrill Lynch last week cut its Asia GDP growth estimate to 7.7% from 7.9% for 2008, citing weak demand in industrialized economies for Asian exports. Though that's far from a recession, Merrill says that Asian growth is falling below the expected trend of about 8%. Asian policy makers have been limited in their efforts to stimulate growth because of rising inflation, which has forced most central banks to hike interest rates. Indonesia, for example, raised its benchmark rate again...
...movie settles a few scores for Van Damme, notably in a swipe on the talented Hong Kong directors who had hard times working with him. (He made Hard Target with John Woo, plus two films with Tsui Hark, one with Corey Yuen and five with Ringo Lam; but the Asian director in the first part of JCVD is bored and contemptuous.) Most of the film, though, is unsparing of the Van Damme legend. With the star, now 47, looking puffy and played out, and with so many references to his off-screen philandering and drug use, the movie bears comparison...
...precisely the problem. It is what led to the English-only rule, and there is no guarantee it won’t result in equally reprehensible policies in the future. There’s no doubt that the rule was misguided. But its source was neither xenophobia toward Asian players, nor a Western superiority complex, as commentators have claimed. It was desperation. The challenge for the LPGA now is to make sure that the green on the course doesn’t play second fiddle to the green in the bank...