Word: go-go
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...hold all the way. According to Greenspan, sustainable economic growth - and its mother, the productivity growth engendered by the infotech economy - isn?t likely to revisit those go-go glory days of 1995-2000 any time soon, if ever. But we?re still looking at a better economic world going forward than the Cold War ones. Just as soon as all this blows over...
...balmy evening in Tokyo, the city's glamourati are sipping champagne at an outdoor bash promoting Jaguar's new XKR convertible. In glass cages, go-go girls in cat costumes undulate in time to a disco beat. There is an air of anticipation?and it's not for the party's black, 250-km/h centerpiece. Suddenly, amid a mob of paparazzi, two women prance in wearing body-clinging leopard-print dresses. As the crowd shrieks, Kyoko Kano, the elder of the slinky duo, dismisses the dancing girls with a flick of her green contact-lensed eyes. "They...
...Then came Friends, an even more phenomenal success. Set in Pusan, the film, released in March, tapped a deep vein of nostalgia in South Korea, where a shaky economy and the go-go pace of life in the Internet fast lane have left many pining for simpler times. Koreans now routinely repeat the movie's best lines, using the rough accents of Pusan gangsters. Comic-strip versions circulate on the Internet, and tourists now make pilgrimages to Pusan. The movie has been particularly popular with men in their late 30s and 40s, who went to school when...
...housing market has saved us all. Greenspan again credited the go-go housing market with providing consumers with the rosy outlook - and, with mortgage refinancing hitting record highs all spring, the ready cash - that has carried consumer spending through these bumpy times. It's thanks to housing, he told senators, that "the litany of negatives you can line up has not cracked the economy's underlying stability." All of which means that housing-related reports - and there are a few due this very week - are now officially prime Fed-watching territory. (For the politically-minded, Greenspan also said...
...domestic audiences because of their musty themes (The Emperor and the Assassin). Feng makes the light-hearted comedies that draw the big Chinese crowds. Unlike Zhang and Chen, Feng eschews sweeping epic dramas with brocaded courtesans or peasants tilling unforgiving earth, preferring to tell tales of China's glorious, go-go present. His characters are tour guides and Ikea-shopping yuppies. They don't struggle with injustice or political strife, but have trouble with relationships and flatulence. "I want my films to reflect the real China," says the 43-year-old director. "Western audiences may expect...