Word: kjeldsen
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...take money out of their neighborhoods. In a wider context, even though Canadians until recently owned more of California than Japanese did, it is the latter who are looked upon as encroachers. "I've heard more anti-Japanese sentiment in working-class bars than I can remember," says Richard Kjeldsen, a University of Southern California financial specialist on the Pacific Rim. Japan bashing easily becomes Asian bashing. The most famous case is the 1982 murder of Chinese American Vincent Chin by Detroit autoworkers who thought he was Japanese. As late as 1985 and 1986, violence against Asians jumped...
President Carter's retaliatory measures will pinch but they are unlikely to punish the Soviet Union seriously.His principal move-the cutoff of grain sales-is a good show of short-term strength, yet its long-term value is arguable. Says Richard Kjeldsen, senior international economist for the Security Pacific National Bank: "I cannot think of a single unilateral embargo that has been effective. Nor can I think of an instance in the past when wheat-producing countries have actually got together to function in some concerted, cartel-like operation. An embargo on grain shipments is simply a very leaky...
...Chicago. "It is stiff medicine but very much needed medicine, and I applaud the Administration for having the courage to apply it." Ford Motor Co. Vice Chairman and President Philip Caldwell said the dollar-saving moves should "slow inflation and re-establish growth on a healthier basis." Richard Kjeldsen, senior international economist for Security Pacific National Bank in Los Angeles, asserted, "The President's economic package is drastic, abrupt and volatile?it's just what the doctor ordered...
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