Word: europeanization
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Dates: during 1980-1989
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...aboard Air Force One chatting with Secret Service agents. He negotiated with Gorbachev on instinct. His approach could have led to the type of breakthrough that happens only when leaders sweep aside details and discuss the big picture. Or it could have ended hopes for a limited agreement on European missiles and the use of Star Wars as a bargaining tool. In retrospect, the latter may have occurred...
...press conference Gorbachev said he could not give a timetable for withdrawal but had been encouraged by a United Nations peace effort involving Pakistan, Iran and Afghanistan. At the same time, Gandhi refused to endorse a Soviet proposal to convene an Asian Security Conference along the lines of the European Security Conference that produced the 1975 Helsinki agreement. Gandhi brushed off the idea as "thoughtprovoking...
Barclays' exit, which comes after pullouts by such American industrial giants as General Motors, IBM and Eastman Kodak, is the largest divestiture so far by a European firm. The South African Barclays affiliate employs 25,000 persons at more than 500 branches. More important, Barclays is the first major British enterprise to unload its holdings in South Africa. Britain is South Africa's largest outside investor, with assets worth an estimated $8.5 billion, or 40% of the foreign holdings in the country. If other British firms decide to follow Barclays' example, the exodus could have severe economic and political repercussions...
...current malaise was brought on by the exceptionally strong yen, which is now valued at 162 to the dollar, up nearly 40% since its February 1985 low. The yen has also risen against some European currencies -- 15% vs. the British pound, for example. The robust yen cuts demand for Japan's exports by making them more expensive to foreigners...
...fired. (In fact, that unwritten pact has applied mainly to employees of large companies rather than those of small businesses). As layoffs become commonplace, the promise is becoming an illusion, and Japan's unemployment rate has climbed to almost 2.9%. While that is low by U.S. or West European standards, for Japan it represents a level not seen since statistics began to be compiled...