Word: asianness
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Dates: during 2000-2009
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...world. "There is some risk we will run out of storage space in the next four to six weeks," says Simon Wardell, director of global oil at IHS Global Insight, an energy-forecasting company in London. To oil-rich countries that possibility evokes grim memories of 1998, when the Asian economic crisis sent demand plummeting, driving world oil prices down to $10 a barrel. "If we run out of storage it could prompt a collapse in the price," says Wardell. Oil producers might then choose to dramatically cut output in order to run down the surplus. (See pictures from Azerbaijan...
...known as the 'red shirts,' have been at the center of Thailand's civil unrest for years, flouting the law with apparently little consequences. The PAD seized Bangkok's international airport for eight days late last year, while the red shirts stormed a meeting of the Association of Southeast Asian nations in Pattaya in April forcing its cancellation, rioted in Bangkok and twice violently attacked Abhisit...
...outskirts of Vienna has become a hub of Sikh separatists who supported an insurgency in Punjab during the 1980s and 1990s. The insurgency was eventually stamped down by an iron-fisted state, and many of its supporters sought and received political asylum in Europe. As Austria's legal South Asian community has become more established, thousands of illegal Sikh migrants from all over Europe have gravitated there. "The gurdwara was lush with offerings from a nostalgic and large-hearted diaspora," says Ramesh Vinayak, who heads the Punjab edition of the national daily Hindustan Times, and who visited the Vienna gurdwara...
...many Muslim Americans, Amanullah grew up eating Jewish kosher food in order to conform to Muslim strictures on animal slaughter. But increasingly, there's no need for Muslims to go kosher. Zabihah offers tens of thousands of reviews of halal restaurants, from fried chicken joints in Dallas to pan-Asian restaurants in Singapore. Says Amanullah: "We can't keep...
...long-drawn-out slowdown as oil revenues plummeted for most of the 1980s. After a spike when Iraq invaded Kuwait, prices weakened again in the 1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices had fallen to just $12 a barrel. This meant that Saudi Arabia - which sells its precious black gold at a discount, on average - was getting just $7 a barrel. Deficit financing was the only solution, and the government started borrowing at home and abroad...