Word: hong
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Dates: during 1980-1989
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...TIME's economists remain cautious about their countries' long-term outlook. The Pacific region has been plagued by political instability: social unrest in the Philippines, uncertainty about the post-colonial status of Hong Kong and the assassination of key members of the South Korean government. "I am sure that none of the Asian economies will collapse because of political factors," said Edward Chen, of the University of Hong Kong, "but it may be difficult to keep up with past growth. It's never too early to worry...
...Hong Kong. The specter of a possible takeover by China when Britain's lease on most of Hong Kong expires in 1997 has shaken the colony. Hong Kong real estate prices have plunged by as much as two-thirds during the past 18 months. The Carrian group, one of Hong Kong's largest property developers, has collapsed, and the government has assumed control of the Hang Lung Bank, which was faltering partly because of bad real estate loans...
Saturday, November the Harvard Police officers assisted the Cambridge Police in breaking up a fight in front of the Hong Kong restaurant at about 2 a.m. Two young, white male area residents were arrested and one was hospitalized...
...office because he had become suspicious after hearing the radio spots and asked some of his aides to snoop around. Oddly enough, they could find no complaints against Saxon and his firm, Bullion Reserve of North America. It had headquarters in Los Angeles and offices in Dallas and Hong Kong. No one in gold trading in New York seemed to know Saxon well, but his company was paying its bills. On instinct, Abrams' men asked Richard Arfa, a vice president of Bullion Reserve, to produce financial records. Arfa stalled and questioned Abrams'jurisdiction in the case...
Warner Communications' Atari, which pioneered home video games with such classics as Space Invaders and Asteroids, has lost $356 million so far this year, dropped 3,000 employees from its payroll of 10,000 and finished moving all its manufacturing facilities to Hong Kong and Taiwan. Plagued partly by sluggish sales of Intellivision games, the electronics division of Mattel has run a $201 million deficit in 1983, while laying off 37% of its 1,800-member work force. Activision estimated that it lost $3 million to $5 million in the past three months despite scoring hits with...