Word: regionals
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Dates: during 1990-1999
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Many, perhaps most, U.S. executives would still give that response. In their mind, the risks of investing in Asian economies that are still struggling to recover from a region-wide financial collapse far outweigh the bargain-basement prices now available. The deep recession in much of Asia looks likely to last through at least another year, then give way only to a very gradual recovery. That's at best; at worst, the recessionary cycle might still take one or more additional downward twists...
Even so, Robert Hormats, vice chairman of Goldman Sachs International, believes that "for most of Asia, the financial situation has stabilized, but the region has not yet turned the corner." Markets are recovering, and some currencies are rising in value after a wild spiral of devaluations. Moreover, most Asian countries are beginning banking reforms, while governments are spending more to stimulate their economies. A worldwide lowering of interest rates, led by the U.S. Federal Reserve Board, has helped support an improved outlook...
...continued recession for most of 1999" as the excesses are written off. But the free fall is over: Thailand and South Korea, in his view, might begin to grow a bit by the end of 1999, while Japan will improve--though only from negative to zero growth. General recovery region-wide will not begin until...
Stauffer finished a brilliant collegiate career this year as Harvard's all time leader in assists (36), and she guided the Crimson to its third NCAA Tournament appearance in the last four years. She was once again named a member of the Northeast All-Region First Team, an Academic All-Ivy selection, and she became the 12th player in Ivy League history to be voted to the All-Ivy First Team in each of her four years. --EDUARDO PEREZ...
Then we are off again, to fly farther south and east to the Maroon Saramaccan village of Asindopo in the region of the Upper Suriname River. Asindopo means "sit down and hope"--a welcome thought to its original settlers, runaway slaves from Dutch plantations in the 18th century. We go by corjal to visit their descendants. Some are swimming; some are washing clothes in the river; some are staring at us. The faces of the children are a cross between innocence and gravity. On a far bank, a glorious ceiba rises to the sky. It is called the "house...