Word: rim
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Dates: during 1980-1989
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...speech received close attention in Washington. Since World War II the U.S. has been the Pacific's paramount power, and since 1980 the Pacific Rim has superseded Western Europe as America's most important overseas trading partner. The Vladivostok speech showed that the Soviets intend to claim a share of Asia's economic success. Some analysts also heard an implied threat to U.S. military supremacy in the region. Says Rick Fisher of the Heritage Foundation, a conservative think tank in Washington: "The Soviet goal in Asia is power...
...Congress, has many Asians worried. Fears abound that the U.S. will seal off American markets, costing thousands of local jobs. There is good reason for concern: the U.S. this year will run a trade deficit of some $170 billion, and more than half of it will be with Pacific Rim countries. Moreover, continued subsidies of U.S. farm exports, which take sales from Australia and Thailand, have outraged friends in the region. The biggest concern, though, is the growing potential for a military confrontation in the Pacific. The U.S. Pacific Fleet now squares off against a Soviet force that...
...only warning was a nocturnal rumble that resembled distant thunder. Then a silent plume of colorless gas shot up from the turbulent depths of Lake Nios, just inside Cameroon's northwest border. Within minutes, the heavy fumes of carbon dioxide burst over the rim and sank into the valley below, enveloping sleepy hamlets in a deadly bubble. Villagers who had already bedded down for the night quietly suffocated in their sleep...
...from any of the countless other ships that have been wrecked off the Cape. Even the 1984 discovery of three cannons failed to satisfy Clifford's critics. But last fall, while surveying the underwater site, Rob McClung, a former Aspen, Colo., police chief, caught his finger on the rounded rim of a large object. It proved to be a 200-lb. concreted ship's bell, which, when cleaned of some of its heavy crust, revealed the words THE WHYDAH GALLY--1716. Says Clifford: "There's a lot of crow being served out in copious portions...
...Pacific Rim countries are also selling off state enterprises. Singapore sold a minority interest in its national carrier, Singapore Airlines, last November, and Taiwan is considering offering stock in state steel, chemical, shipbuilding and construction operations. "The time has come for privatization," says Y.Y. Wang, vice chairman of Taiwan's Commission on National Corporations. In Japan, the government is selling majority control of Nippon Telegraph & Telephone in order to open the telecommunications market to newcomers. Japanese National Railways is next in line...