Word: huges
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Dates: during 1980-1989
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...discovery. Taking pains to conceal their satisfaction, they peered into the distance and busily scribbled in their notebooks. Later, after several trips back, they bought the forlorn plant. Today, after a $27 million investment, the refurbished factory has become a manufacturer of heavy earth-moving equipment for Japan's huge Komatsu conglomerate...
Suddenly, the U.S. seems to have become a country for sale, a huge shopping mart in which foreigners are energetically filling up their carts. Result: foreign ownership in the U.S., including everything from real estate to securities, rose to a remarkable $1.33 trillion in 1986, up 25% from the previous year. By contrast, in a complete reversal of the situation only a decade ago, U.S. holdings abroad now total only $1.07 trillion. In addition to spurring fabulous hikes in real estate values and igniting corporate takeovers, the wave of foreign purchases has become an important force behind Wall Street...
...corporate arena in which Japan's huge bankroll is prompting intense jitters is the U.S. financial-services industry. Tokyo's largest banks and investment firms, which already eclipse American companies like Citicorp (assets: $196 billion) and Merrill Lynch ($53 billion), openly aim to grab a large share of the U.S. financial marketplace. They have established a major beachhead in California, where four of the top ten banks are now Japanese owned: California First Bank, Sanwa Bank, Bank of California and Sumitomo Bank of California. On Wall Street, Japan's Sumitomo Bank shelled out $500 million for a 12.5% share...
...Catholics present a challenge that the resolute John Paul is determined to meet. This does not mean that he will necessarily arrive with tongue lashing and finger wagging. As with his dramatic 1979 U.S. visit, John Paul's Sept. 10-19 journey will feature blessings and warm homilies to huge and friendly crowds (see following story). But this time he will rely far more on advice from American bishops, who conferred with him in Rome, and he is expected to avoid confrontational speeches. The trip, through the Sunbelt and California to Detroit, will acknowledge U.S. cultural pluralism and deal with...
American Catholicism -- huge, wealthy and influential -- is crucial to John Paul' s campaign to restore church discipline. But a TIME poll shows that most Catholics, while respecting their Pontiff, disagree with him on a number of key moral issues. -- Cities that will be host to the visit agonize about logistical problems, protests and tacky commercialism. See RELIGION...