Word: koreas
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Dates: during 1990-1999
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...nations began to slow--an inevitable turn in the business cycle. But the stutter was enough to panic a few investors, who headed for the exits. That set off a rapid spiral of defaults that became known as the Asian Contagion. Thailand's problems quickly became Indonesia's, then Korea's, in a dangerous daisy chain that is still looping together--witness last month's shuddering devaluation of the Brazilian real...
...chauvinist governments, like those of France and South Korea, will probably resist foreign takeovers. And niche manufacturers like BMW and Porsche, whose ownership is largely in family hands, may also remain independent. Almost everyone else is vulnerable...
Under an hour later, Henry Ford II Professor of the Social Sciences Ezra F. Vogel explains to incoming students that Foreign Cultures 26, "Industrial East Asia" will examine the political and economic transformation of the Four Tigers of Japan, South Korea, Hong Kong and Singapore. He adds that his course is excellent preparation for aspiring investment bankers trying to make it in the Pacific Rim. Hundreds of economics and applied math concentrators mob him after lecture, pledging their intention to enroll...
Slobodan Milosevic may look like a pushover compared with some of Richard Holbrooke's Washington adversaries. A New York Times report Thursday that the administration's U.N. ambassador-nominee faces new charges of ethics violations concerning business contacts with the U.S. embassy in South Korea could signal "a behind-the-scenes power struggle," says TIME U.N. correspondent William Dowell. The Times report follows an earlier Washington Post report suggesting that the ethics inquiry into Holbrooke's ties with U.S. officials while working for Credit Suisse First Boston was on the verge of clearing the highly regarded diplomat for nomination...
While virtually no mainstream scientist believes Seed will succeed, there has been a subtle shift in attitudes since the bearded, big-boned maverick loomed into view. Seed put into words what many scientists were thinking, and few were surprised to learn last month that a team in South Korea had begun work on human cloning--and even claimed to have produced a four-cell human embryo...