Word: australian
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Dates: during 1980-1989
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...fifth force, if that is what it is, has been a source of debate among physicists since its existence was suggested in 1981 by Australian mineshaft experiments. Five years later, Purdue University Physics Professor Ephraim Fischbach measured a weak force he called "hypercharge" and theorized that it caused objects of different composition to fall at different rates. Since Fischbach's finding, as many as 45 experiments have sprung up in search of the mystery force, and so far each has served only to confound rather than clarify the issue...
...Queensland, beautiful one day, perfect the next," burbles a middle-aged vacationer in a tourist ad for the state in northeastern Australia that has one of the country's most glorious coastlines. In a version written by Australian Comic Gerry Connolly for a TV comedy show, a beaming Japanese businessman delivers the punch line, "Ah, Queensland, beautiful one day, Japanese the next...
...joke is no laughing matter for Australians, who find themselves alternately pleased and troubled by a $6.4 billion Japanese plunge into Australian real estate over the past three years, primarily in urban hotels and shoreline properties, and by a 48% upsurge, to 215,600, in Japanese visitors in 1987. Last February, for the first time, Japanese arriving in Australia outnumbered tourists from any other country. According to a report by Lloyds Bank, 70% of land earmarked for development on Queensland's Gold Coast, a 25-mile strip of sun and fun, is controlled by Japanese interests...
...investment wave, driven by Japan's wealth and the power of the yen, has pushed real estate values beyond the reach of many Australian investors and has put Japanese companies in control of 18 major hotels and resorts. EIE Takahashi, which paid $110 million to acquire Sydney's Regent Hotel, has Australian investments valued at $400 million. Daikyo has poured $560 million into Australian property, including the Gold Coast International Hotel and the Brisbane Hilton...
When Japanese and Hong Kong investors began buying prime shoreline property along Sydney Harbor late last year, the Australian government, citing home- buyer reaction against skyrocketing property prices, imposed limits on foreign investment in some areas. At the same time, however, Australia tried to assure the Japanese that it still supported the "special relationship" between the two countries that was envisioned by the 1976 Nara Treaty and other accords. In meetings last month with visiting Prime Minister Noboru Takeshita, Prime Minister Bob Hawke acknowledged strains but told his guest that the "vast majority of Australians welcome...