Word: hugeness
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Dates: during 1990-1999
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...chips, dictating the pace of the computer industry with the confident aplomb of fashion designers raising or lowering hemlines. It's the sort of ironfisted market grip that rarely exists outside economics textbooks: one superefficient firm with monopoly-like returns gliding past competitors and, not incidentally, racking up huge profits. (Ten thousand dollars invested in Intel on the morning of Bill Clinton's first Inauguration would be worth nearly $90,000 today...
...crisis is compounded by Seoul's paralyzed politics. The country will hold presidential elections this week, which leads the candidates to demagogue on the IMF deal rather than implement it quickly. Koreans who are not thoroughly disheartened by the implosion of their huge, highly industrialized economy are humiliated and resentful at the thought of a bailout from abroad. That makes it even harder for skittish politicians to impose the draconian remedies South Korea must swallow...
...main fire wall against a global financial crisis is still Japan. It has huge foreign-currency reserves and is the principal source of investment capital in the region. Seoul is looking desperately to Tokyo to roll over its credit. But Japanese banks, burdened with a quarter-trillion dollars of bad domestic debt, cannot easily risk more money in the South Korean sinkhole. Japan is also the origin of the very economic model that is causing the crisis. No one really knows, but many moneymen fear that Japan's own financial system could be as dangerously debt-ridden as South Korea...
...homeland from the Chinese forces that attacked in 1950 and drove him into exile nine years later. His cause is not made easier by the facts that much of the world is trying to court China, the world's largest marketplace, and that he is the guest of a huge nation with problems of its own that would rather he kept quiet. And, as church and state incarnate, the Dalai Lama, winner of the 1989 Nobel Prize for Peace, finds himself denied the privileges of a full-fledged political leader even as he cannot enjoy the peaceful immunity...
...getting. But now the pressure is on to make some kind of Christmas gesture to every Tom, Dick and Harry who happens along. Take the jolly receptionist in our dentist's office, who started showing up Dec. 1 dressed as a living gift to all humankind, with a huge red bow on the top of her head, ornamental-ball earrings and a scrub shirt in an eye-catching teddy-bear-and-wreath print. So what's my Christmas statement going to be? A simple Santa hat and sequined tree-pin combo, or should I go whole hog with the fluorescent...