Word: processes
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Dates: during 1980-1989
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...potential to go in a beneficial or detrimental way. It could be very beneficial if, in the process of breaking down internal barriers, it doesn't erect external barriers to the U.S., Japan and other non-European countries. It's up to us to manage the relationship properly so it goes the right...
...from Bombay to London, at 29,002 feet over the English Channel. Two passengers, cartwheeling and conversing, plummet earthward. One is Gibreel Farishta, India's most popular movie star, who is in disguise and fleeing his fame after suffering a life-threatening illness and discovering in the process that there is no God. The other is Saladin Chamcha, a prosperous performer of voice-overs for commercials on British television, returning to his adopted land after a melancholy visit to Bombay and the haunts of his childhood. Miraculously -- preposterously -- they both survive their descent. And then truly strange things begin...
Baker and a companion are turkey hunting on 1,366 acres of Texas scrubland about 50 miles south of San Antonio, a wild, almost barren part of the U.S. where it is easy to believe that due process is still a bullet. "I call it the Rock Pile Ranch," says Baker, "and that's about all that's on it. Nothing else but some water wells and turkey feeders. Coming here is the closest I get to therapy. I'm not really into material things, but land, well, they're not making any more...
...experts thought it did not work. The dollar fell without creating a recession, but America's trade deficit has barely declined. "Come on," argues Baker, whose tolerance for criticism is not his strongest suit. "Can you imagine where we'd be today on the trade deficit if the Plaza process hadn't begun...
...real legacy of the exchange-rate intervention Baker began is the process itself, a model for the kind of international cooperation the U.S. must replicate if it hopes to retain its leading role in a multipolar world. "The start in building a multilateral system," says Richard Darman, "is a story line that can continue for decades if it is properly nurtured...