Word: regionally
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Dates: during 1990-1999
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...minded Americans currently walking tall on Wall Street, is a sobering thought. Still, hard times in Tokyo can be good news for U.S. investors. "The time is coming when you should be buying Asian stocks," says Kadlec, who recommends placing around 5 percent of your portfolio in the troubled region. A tumbling yen also helps keep inflation down stateside, not to mention making it a little cheaper to vacation in the land of cherry blossoms...
...peace talks will ostensibly focus on the disputed region of Kashmir, but McGirk believes they're more likely to make progress on nonproliferation at this stage. Both sides have declared a moratorium on nuclear testing, and they're taking steps to reassure the world that they're not about to incinerate each other. There's nothing as effective as being cut adrift in a lifeboat to get a conversation started...
...crises, and negotiated treaties to contain their arsenals and reduce fears of a sneak attack. India and Pakistan, which have fought three wars in the past 50 years, have no such arms-control measures in place. "MAD requires a level of rationality that we may not have in this region," notes a State Department official...
...this path would end. Bill Clinton was dismayed. In just 17 days the Asian subcontinent had suddenly repeated, as he darkly put it, "the worst mistakes of the 20th century." Now would the Indian and Pakistani explosions, as some optimists suggest, bring a kind of fearful stability to the region? Could the two countries settle back into a state of mutual assured destruction (MAD), like the one that kept the superpowers from nuclear holocaust during the cold...
...large letters. And Sharif told Clinton, "I don't think I'll last in office more than two or three days if I don't make a test." As Sharif explained to TIME, "The outside world is not aware of the emotional feelings of the people of this region...