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...Other officials were tossing off background critiques of Japan (whose Finance Minister, Hikaru Matsunaga, has been referred to as Minister for the Destruction of the World Economy) and warning that if its leaders didn't take "decisive action" fast, the world's second largest economy might drag the rest of Asia--if not the world--further into recession...

Author: /time Magazine | Title: Japan: The Pain Of Reinvention | 7/13/1998 | See Source »

...scored a 2-1 triumph and thereby killed U.S. hopes in the World Cup, Iranians flooded into the streets and whooped and hooted until dawn. No "Death to America" this time. In fact, a few Cup-crazed fans raced their cars up and down Valiasr Street, Tehran's main drag, with the American flag fluttering out the window. One reveler even cried out, within earshot of the bearded morality police who kept a disapproving watch on the fun, "We love America...

Author: /time Magazine | Title: Old Iran... ...Vs. New | 7/6/1998 | See Source »

...spectacle of Beijing being praised for its responsible role in managing the Asian crisis while Tokyo is berated for its failure to act telegraphed an important message to Japanese leaders. "Japan's recession can drag the whole world down with it, and the Administration has been upset with Hashimoto's failure to act," says Kadlec. "Washington has been doing whatever it can to put pressure on Japan to save its economy." Crossing the playground to make nice with Beijing may have done the trick...

Author: /time Magazine | Title: Good Morning, Japan! | 7/2/1998 | See Source »

Rumor: Giuliani enjoys wearing dresses, platinum blond wigs and high heels. Fact: The mayor does not "enjoy" appearing in drag. He dons female apparel whenever possible only because it is his obligation, as chief representative and symbol of a metropolis whose economy depends greatly on the entertainment industry, to entertain. To refuse to do so would be uncivil, indeed downright rude...

Author: /time Magazine | Title: The Lies Must Stop | 6/29/1998 | See Source »

Disney's animated epic Mulan, which opened last week, has its Chinese heroine donning male military drag, ostensibly to save her disabled father from being conscripted for certain death in a war against invaders. But the movie's point is to show that Mulan is as valuable as any boy. Or as the film goes on to demonstrate, that she can do something her father cannot: bury a horde of enemy Huns under tons of snow. You go, girl! It's the perfect way for Disney to do Joan of Arc without having the heroine burned at the stake...

Author: /time Magazine | Title: Feminism: Girl Power | 6/29/1998 | See Source »

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