Word: koreas
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Dates: during 1990-1999
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When the global slowdown hit Russia, Korea and Japan, these countries responded in part by boosting their exports of steel to the U.S. The Clinton Administration initially played along with the demands of the steel industry and its unions. In his State of the Union address, Clinton warned of great harm to the steel industry from abroad and threatened tariffs against Japan. But how much harm has really occurred? The U.S. imported almost a third of its steel in 1998, up from about 25 percent the year before--a change, but hardly one which spells the death of the domestic...
...bipartisan push for a national missile defense system will not lay to rest U.S. concerns over attacks by rogue states such as North Korea and Iran. "If I'm a bad guy, would I attack the U.S. with the only weapon that has a return address on it?" asks TIME Pentagon correspondent Mark Thompson. "Even if [the missile defense system] is perfect and it works, then the bad guy, if he's serious, will just come at you in another way. This only takes care of a small part of the problem...
...That was a year ago. Today customers are flocking to Chung as word of his tasty food spreads. Friends who once scoffed at his restaurant plans want advice on how to set up their own catering joints. The definition of what's respectable in South Korea has changed fast since economic collapse punched a hole in the Korean Dream. When the country was vaulting to economic success, parents aspired to get their sons into white-collar jobs at giant chaebol, or conglomerates, like Samsung. A year of life under the yoke of a humiliating $58 billion bailout from the International...
...shrimps and fiery pepper sauce -- then explain how he'd lost his job at the giant conglomerate. Often people just slammed the door in his face. Those who listened didn't offer him a chair. The frosty treatment stung, but Chung knew what was behind it. In status-conscious Korea, Samsung is at the top of the job heap -- catering is near the bottom. "Running a restaurant wasn't a respectable thing to do," says Chung. "The hardest part of shifting gears was pride...
Although North Korea is continuing to conduct underground military operations and missile tests, Cho pointed to the recent opening of North Korean borders to tourists as reason to hope for increased communication between the countries...