Word: ironization
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...crisis. This model bred complacency, cronyism and corruption. Isolated from public opinion, just as they insulated bankers and businessmen from market forces, the technocrats ignored the deafening clamor of alarm bells that market forces have been ringing for years. Worse still, because there was no public scrutiny of the iron triangle of bureaucrats, businessmen and bankers, the natural coziness that developed in that clique led inevitably to decisions based on personal relations. At best this was inefficient, at worst corrupt. The financial crisis facing Asia today is merely a symptom of a much deeper problem. The social and political assumptions...
...tribute that the co-founder of this magazine would have relished. In celebration of the 100th anniversary of his birth next year, Henry R. Luce will be featured on a postage stamp. His iron-jawed visage, so familiar to those of us at TIME, will adorn No. 57 of the Postal Service's ongoing Great Americans series, honoring men and women who have helped shape the nation's history. "Henry Luce set the standard by which publications are judged," says Postmaster General Marvin Runyon. "His passionate belief in the importance and power of the written word and his unmatched devotion...
MOSCOW: History is a cruel and capricious mistress, a fact of which nobody ought to be more aware than Pizza Hut poster boy Mikhail Gorbachev. The man once feted as the visionary whose reforms brought down the Iron Curtain has been reduced to a prop in a fast food...
...quality look at the hoop, but the ball was deflected out of play twice. With six seconds remaining, the inbounds play was tipped by the Harvard defense and the last pair of shots by Brett Eppehimer and Damien McGill fell harmlessly short without ever hitting the iron...
...film, with songs by hitmakers David Foster and Carole Bayer Sager (at home she is Mrs. Robert Daly), has had a troubled history: it lost its director and two lead animators, and its release was bumped from this holiday season to next May. The Warner team's next project: Iron Giant, from Ted Hughes' novel about a boy's friendship with a mysterious metal machine...