Word: bangkok
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Dates: during 1990-1999
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...easy way. At least twice already she's died onscreen before reaching adulthood, and in her upcoming film Brokedown Palace, directed by Jonathan Kaplan, she suffers her share of tribulations. Danes plays Alice, a wild-hearted high school grad who lies to her parents and heads off to Bangkok with her pal (Kate Beckinsale) in tow. "She wants to see where she stands on the other side of the world," explains Danes, who just wrapped up filming in Manila. Alas, the outlook isn't good for Alice: she meets the kind of enigmatic stranger best avoided...
...that's just from the U.S. military. Though no contracts have been signed yet, Omnitech's exhibits at defense fairs in Bangkok and Abu Dhabi attracted Thai and Qatar representatives, who have opened active negotiations. In Canada and Norway the company has been invited to bid on outfitting vehicles with mine-clearing machinery. In Japan, Omnitech is angling to join a consortium that hopes to undertake a cleanup of unexploded World War II ordnance in China. For countries that need to clear minefields but lack the money to buy Omnitech's kits, which cost $125,000 to $150,000, Parish...
...savings rates are high. Korea's economy had until recently been expected to grow 6% this year. But at the same time, wildly imprudent lending policies have led to mountains of bad debt and economic instability. A speculative frenzy in real estate has cluttered the skylines of Jakarta and Bangkok with empty office skyscrapers. Unwise industrial investment has added new auto and microchip plants to a world market already glutted with both...
...cost of capital may have been East Asia's undoing. Cheap money can make people do silly things. In the 1980s it led them to pay ridiculous prices for stocks and real estate, and the fever spread from Tokyo to Bangkok. But even after the Japanese bubble burst, the experts on the Asian model justified similar excesses around the region because we were on the cusp of the Asian Century, one of limitless growth. The vaunted technocrats thought--or perhaps hoped--that they could once more invoke the Asian model to wipe away the looming mess. Only recently have most...
...Hong Kong is one of the more stable denizens of a region where the once grand gown of the Asian Miracle is weekly growing more frayed and tattered. From Seoul to Bangkok, economies that earlier made annual double-digit growth look easy are now strangling on a lethal brew of skyrocketing interest rates, current-account deficits, shrinking budgets and rapid flight of the foreign loans and capital that in many countries underwrote the miracle. "Right now my feeling is one of despair," says a Jakarta stockbroker who has watched the Indonesian stock market drop 33% since July. (It was down...