Word: evening
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Dates: during 1990-1999
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...biggest in history. The overwhelming reaction among Japan watchers was...jubilation. These days each time Mitsubishi, NEC or Hitachi announces a plant closing, the Tokyo stock market surges higher. Economists now cheer as banks that once could have bought small countries desperately merge or plead for a white knight (even foreigners are welcome) to save them from insolvency. Behind this seemingly misplaced optimism in Japan's ailing economy, however, is not so much faith in the ability of these stumbling Goliaths to right themselves as it is faith in people like Hiroshi Mikitani...
...Amen. Even as giants like Nissan and Mitsubishi are racked by restructuring woes, new start-ups emerge every day in Japan. To be sure, their ranks are puny by U.S. standards, but the movement seems to have taken hold. This fall 2,300 enthusiasts turned out for a meeting promoting the establishment of a NASDAQ over-the-counter market in Japan. Old business models are being tossed aside like yesterday's sashimi. The hero of a popular novel is the young president of a chain of bars. One of Japan's biggest growth industries is continuing education. And Tokyo...
...start-ups, nor is there patience for companies that don't start making money immediately. The threat of massive failures at the big old companies has already drawn a backlash from top politicians who want to preserve lifetime employment. Next March, analysts predict, Nissan will announce an even bigger loss. But then, what's bad news for Nissan is good for Japan. --By Frank Gibney Jr. Reported by Tim Larimer/Tokyo
...alike. When he traveled, he was surrounded by a squad of boxers and ex-convicts. At the Federal Mediation and Conciliation Service in Philadelphia, the 6-ft.-wide conference tables were nicknamed "Johnny Morris tables" because they were wide enough to prevent him from jumping over them. But not even his union brothers were prepared for what they found two weeks ago. The 73-year-old Teamster legend was ousted from his Philadelphia union after a predawn raid ordered by political foe James P. Hoffa, the newly elected president of the International Brotherhood of Teamsters, who said Morris was preparing...
...customs seized a convoy of trucks carrying some 350 tons of oil intended for Nis and Pirot, two opposition-run towns in southern Serbia. The convoy was stopped as soon as it crossed the border from Macedonia, and the two mayors, who came to meet it, were not even allowed to get near the trucks...