Word: pasts
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Dates: during 2000-2009
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...financial imbalances that triggered the worst economic crisis in memory could still put the brakes on the world's fastest-growing economies. So warns economist and Morgan Stanley Asia chairman Stephen Roach in his new book, The Next Asia, a collection of his essays and analysis from the past several years that foreshadowed the meltdown. The following is an exclusive excerpt from the book's introduction...
...most dynamic and rapidly growing region in the world over the past decade, developing Asia has attained a new level of prosperity. From China to India, the region's per capita income has more than doubled since the wrenching Asian financial crisis of 1997-98. Since 1990, over 400 million fewer Asians are living in poverty on incomes of less than $2 per day. On the surface, the region has much to celebrate on the long and arduous road to economic development. Many believe the Asia Century is now at hand. (Read "Fortress Asia: Is a Powerful New Trade Bloc...
...Change and growth have been the mantra for Asia for the past quarter-century. But the endgame of sustained economic development and rising prosperity continues to be a moving target. Developing Asia has enjoyed spectacular success in the decade after the wrenching financial crisis of the late 1990s. But, as they say in the investment business, a track record of success is no guarantee of future performance. The current global recession is an important wake-up call for Asia - a not-so-subtle hint to find a new recipe for its growth model. The Next Asia that emerges from this...
...even remember that Germany and Europe were once separated into two political blocs. The Iron Curtain and the Wall are long forgotten episodes that young people only know from history books. They do not distinguish between East and West, North and South. They think of the future, not the past. Likewise most of the elderly are very happy with the new Germany after the end of the Cold War. Rolf Reichert, ASCHAFFENBURG, GERMANY...
Britain is crawling with so-called metal detectorists, who make a hobby - and often an obsession - out of unearthing treasure from the country's rich past. Occasionally they strike gold, like Terry Herbert, a 55-year-old Staffordshire man who, it was announced Sept. 24, discovered more than 11 lb. of Anglo-Saxon gold on a farm north of Birmingham. But mudlarks, who consider themselves élite archaeologists, tend to view treasure seekers with disdain. While anyone can obtain a permit to search the five or so miles of the river's southern foreshore between Westminster and Wapping...