Word: internationale
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Dates: during 1990-1999
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Signs are emerging, however, that the slump may be nearing bottom, or at least slowing. By the end of last month, stock prices in Hong Kong, Thailand, Malaysia and South Korea, while still far below their peaks, had bounced up 50% or more from their deflated lows of summer. The...
If then, cautions C. Fred Bergsten, director of the Institute for International Economics, a Washington think tank. More bearish than Hormats, he will allow that "maybe the worst of the crisis is behind us." But Bergsten emphasizes the difficulties of significant recovery--primarily that it will require "deep changes in...
Even so, Robert Hormats, vice chairman of Goldman Sachs International, believes that "for most of Asia, the financial situation has stabilized, but the region has not yet turned the corner." Markets are recovering, and some currencies are rising in value after a wild spiral of devaluations. Moreover, most Asian countries...
A protectionist surge could be disastrous in the long run for the U.S. as well as the world economy, since they are now so intertwined. But that is, at worst, a long-run threat. Board members expect the economic expansion to keep rolling, even though more slowly, not only through...
With few clues to guide modern scientists, the origin and fate of the ancient rulers of Teotihuacan are a mystery to this day. But thanks to a discovery made this fall by an international research team, that mystery may finally be starting to unravel. In mid-October, archaeologists stumbled across...