Word: indebtednesses
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Koizumi's program is revolutionary. It amounts to a systematic unraveling of Japan's political and financial institutions. To help ease the burden of the government's debt, estimated to be as high as $5.5 trillion by some economists, he has proposed cutting the budget 10% and shifting spending from...
WHAT HAPPENED: Exports of high-technology components have been hammered by the Silicon Valley bust. Japan's recession removes another potential buyer of Asian goods. Reform programs that followed the financial crisis of 1997-98 have stalled, leaving many banks and corporations heavily indebted. Political instability has hurt prospects for...
This was largely thanks to Wai, a pinwheel of compelling, eccentric movie ideas. In the '80s they had worked together at tvb, Hong Kong's highest-rated channel. (That's also where To meet his wife Paulina; they have been married for 23 years.) Wai made his directorial debut in...
For light stuff like mysteries and romances, I found the liveliest discussions in the "books" section of America Online. Postings are minimal, but the live chats are fun. I joined the Whodunit on Wednesday group, which reads a new mystery every week. When I confessed during a chat that I...
Once again, June 28--the feast of St. Vitus in the Christian Orthodox calendar--had written itself into the history of the Balkans. On St. Vitus day in 1389, Serbs were defeated by the Turks at the battle of Kosovo Polje, the event that launched Serbian claims to eternal victimhood...