Word: koreas
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...making the right decision." And the smooth-talking Rubin was one of the few men who could pick up a phone, as he did in late 1997, and persuade his brethren at banks and trading firms up and down Wall Street to keep their money invested in South Korea, an economy that at the time was melting down faster than a scoop of ice cream on a hot asphalt road...
...much of that criticism has turned to praise, and Summers has been receiving his share of the credit. Lim Chang Yuel, a former South Korean Deputy Prime Minister, has vivid memories of late 1997, when he and Summers often conferred until well after midnight seeking a solution to South Korea's economic woes. "I was surprised to see how energetic and hardworking he was. He was like a fireman putting out fires not only in Korea but throughout Asia...
...their world credentials. 2. Taiwan. 3. Get U.S. out of Asia." A quarter-century later, China is still struggling with these goals, and the U.S. is the omnipresent bogeyman, criticizing China's political regime, providing military support to Taiwan and maintaining 80,000 troops in Japan and South Korea. Last week's demonstrators accepted as a given that the U.S. is dedicated to keeping China down. "It is because China is not powerful enough," said a 21-year-old student from Peking University who gave her name as Wan. "We must stand together to make China stronger...
...world's policeman, but we don't have the will or the military structure to do it right. Nor do we have a rational method of picking where we'll get involved. Give us a clear job to do and we can usually do it--witness Bosnia and Korea. But you have to set priorities. China and Russia are Class A priorities. Kosovo would have been a C. But we made it a test of our credibility...
...This spike in prices is mainly due to OPEC nations' production cuts in March, which they've been abiding by for once. May's numbers should be back to a comfortable level." Of course, other factors bear watching -- from signs of an economic recovery in Brazil, Thailand and South Korea that could increase oil demand to NATO's ongoing war in Kosovo, which is sucking down fuel like lemonade in summertime. But Baumohl says the markets are jumping the gun -- and are just plain jumpy. "There'll be uncertainty and sell-offs until the Fed announces on Tuesday," he says...