Word: capita
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...touched down in the Falklands to celebrate the anniversary of the military victory. The warm welcome no doubt included a dollop of gratitude for the current economic state of affairs. Today the 2,050 people who live on the archipelago's 30 inhabitable islands boast a per capita income of $30,000, as compared with the U.S. per capita rate of $22,000. If the upside has meant a VCR in every home, the downside is a threat to the area's cherished isolation, as tourists, developers and oil speculators take notice of the archipelago's rich resources...
...York, Philadelphia, Boston, St. Louis, Detroit, Chicago, Cleveland, Los Angeles -- many of the great American cities have been severely, perhaps fatally, undermined by the loss of jobs and taxpayers. In 1960, per capita income was 5% higher in a sample of the nation's cities than in their suburbs. By 1987, suburban per capita income was 59% larger than in the cities...
...that decade, it seemed not only that Australians had wasted time and money but also that events in their region were leaving them behind. Says historian Henry Reynolds: "When I first went to Singapore 25 years ago, it was a Third World country. Now its per capita income is nearing ours." In 1989 Will Bailey, chief executive of the ANZ bank, warned that Australians would soon become "white servants to Asian tourists...
...Australians are only acknowledging the powerful pull of economic gravity. Most CD players, VCRS and electronic goods in use today are made in Asia. According to Sandhu, by the year 2000, Asia's gross national product is expected to match Europe's; this year Hong Kong's gnp per capita will pass New Zealand's. Nine out of the 10 fastest-growing economies last year, including South Korea, Malaysia and Thailand, were Asian. Taiwan now has foreign currency reserves equal to more than two-thirds of Australia's $145 billion foreign debt...
Such inflammatory rhetoric sends shudders through the U.S. beef industry, which is already reeling from a nearly one-third drop in per capita consumption since 1976 -- the result of popular concern about fat in the diet. Now Rifkin hungers for a more decisive blow. This week he is leading a coalition of environmental, food-policy and animal-rights groups in launching a well-financed advertising campaign aimed at slashing worldwide beef consumption by 50% over the coming decade. Members of the coalition range from the Rainforest Action Network, which blames cattle for "killing the Amazon," % to the Fund for Animals...