Word: asianized
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...world-class university for his native country, telling TIME, "India desperately needs to improve education ... [And] what is the point of money if it's not made to be given back to society?" Hong Kong actor Jackie Chan said that he would bequeath half his wealth to help Asian youth. In May, Forbes named Chan as one of the world's most generous celebrities in a list that included Bono, Paul McCartney and Oprah Winfrey. And Li Ka-shing, long one of Asia's biggest donors, revealed at a press conference on Aug. 24 that he plans to give...
...GREAT ASIAN DEPRESSION...
However, that Sino-American interdependence left the U.S. vulnerable to a crisis in China. When it came, the Chinese stock-market crash sent a shock wave through the entire Asian economy. Some blamed the powerful new Middle Eastern Shari'a-law banks, which had terminated their zero-interest-rate facilities for Shanghai hedge funds. Others saw the sinister hand of the Russian-controlled OGEC (Organization of Gas Exporting Countries), which had stunned energy importers in Asia by trebling natural gas prices. Either way, the impact was disastrous. Output collapsed. Unemployment soared. The Chinese banking system, which had never been entirely...
...performance must have impressed Hong Kong businessman Michael Ying, who controlled Esprit's Asia business. The Asian branch acquired the European outfit in 1997, and Ying later made Krogner global CEO. Krogner then exported his plan to Asia. Esprit has a strong presence in China, with 69 stores operated through a joint venture. Last year Esprit opened its first store in India, through a local franchisee...
...rising senior who is worried sick about college applications, I want to thank Nancy Gibbs and Nathan Thornburgh for downplaying the idea that we all need to get into the Ivies [Aug. 21]. As the eldest in my family--and Asian as well--I have always had the feeling that I need to get into a name-brand college. Although I have tried everything to make my parents believe that small liberal-arts colleges can be as good, they still won't budge. It was even harder to get my mom to read your story. The article helped relieve some...