Word: korea
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Dates: during 1980-1989
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Reagan's list of loonies included Iran, Libya, North Korea, Cuba and Nicaragua. In fact, this is a list of small states that have tormented the U.S., delivering pinpricks that America has found impossible either to tolerate or prevent. Admitting this, however, is difficult. Easier to dismiss it all as the work of crazy states. Reagan was certainly right that these countries are "united by their fanatical hatred of the United States." But that in itself is not proof of derangement. Hatred is a common, often useful, phenomenon in international relations. And fanaticism is a measure of passion, not irrationality...
...remains its sheer size. Says Theodore Moran, a professor of international business diplomacy at Georgetown University: "We are not going to have our economy taken over by foreigners unless it continues to decline for 50 or 60 years." That holds true even though a couple of Asian shoppers, South Korea and Taiwan, have barely begun to make strides in the U.S. buyout market. Yet as foreigners continue to rush in, new American properties are constantly being built to balance the outside purchases. In real estate alone, the U.S. annually constructs some $30 billion worth of shopping malls, $10 billion worth...
...amid all the fanfare normally reserved for a summit between rival heads of state. On one side stood Roh Tae Woo, head of South Korea's ruling Democratic Justice Party, with a smile seemingly frozen on his face. Beaming just as hard and warmly clasping Roh's hand was Opposition Leader Kim Young Sam. After an extended burst of camera clicking, the longtime antagonists sat down in the National Assembly's VIP restaurant to discuss the business at hand: a proposed amendment to the country's constitution. When they rose from their first substantial meeting nearly three hours later...
...over. Some 13,000 strikers occupied the yard, smashing windows, setting fire to cars and battling riot police. Late in the week police raided Hyundai and a second occupied plant and dragged away 200 strikers. Alarmed by the disturbances, Kim and Roh vowed to push for revision of South Korea's labor laws, which largely favor management...
...vaunted computer revolution has lightened jobs, U. S. workers put in longer hours, with less absenteeism, than most of their counterparts around the world. But the main reason is often economic necessity. -- Former Treasury Secretary William Simon is building a financial empire out of ailing thrifts. -- Bankers declare North Korea to be in default on its foreign debt...