Word: modell
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Dates: during 1990-1999
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...decisive action. Although some Tokyo policymakers may recognize that, much of the country is in denial. That's understandable, since the Japanese still enjoy one of the world's highest per-capita incomes. Moreover, this is an economy that since the 1980s has been heralded as a global model of success. This is the very system that allowed Japan to climb to greatness out of the ruins of World War II. It was supposed to be fail-safe. And now it has to be scrapped? Not easy...
...these must be sweet times to be a gun-industry lawyer, right? Well, maybe not. Some legal observers say the tide may be about to turn. The model is tobacco. For 40 years cigarette companies had a perfect record: 813 claims filed against them, no losses, no damages paid. But with popular opinion shifting against smoking and 47 states now suing to recoup their medical costs, Big Tobacco is worried enough about its chances going forward that it's offering hundreds of millions of dollars to settle. The key point for guns, like tobacco, is that negligence law turns...
...economic growth. At a roundtable with local business and civic leaders, and later on -- of all things -- a talk-radio show, he heaped praise on China for resisting the pressure to devalue its currency and emphasized the cooperation between the two countries over the Asian financial crisis as a model of partnership. He spoke of "a new China emerging in the world that is more prosperous, more open and more dynamic" -- a place that's hugely attractive to American business...
...last week the tiny country (pop. 400,000) announced that it is setting aside a tenth of its land--some 4 million acres--as a nature reserve, forgoing short-term profits for revenues from science and ecotourism. Conservation International, which brokered the deal, hopes it will be a model for other developing countries...
Homes might soon be equipped with their own generators, thanks to fuel-cell technology, which promises to be cheaper and less polluting than today's power plants. Fuel cells use an electrochemical process without combustion to convert fuel into electricity. Plug Power demonstrated the first home model in Latham, N.Y., last week. The units should be available to consumers within two years for $3,000 to $5,000, and could shave power bills...