Word: rim
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...unemployment rate in Britain, which Hans Mast, a senior economic adviser to the Credit Suisse First Boston investment bank, called the "sick man of Europe." In the U.S., unemployment will rise slightly, from 7% to 7.3%, by year's end and remain unchanged for 1987. Across the Pacific rim, jobless rates will remain relatively low next year, except in Australia (7.8%) and the Philippines...
...foundation of private enterprise is already firmly established in the countries along the Pacific Rim, which has been the world's fastest-growing region in the past ten years. Their prosperity is based on a unique mixture of planning and enterprise sometimes called Confucian capitalism. Says Edward Chen, director of the Center of Asian Studies at the University of Hong Kong, about newly industrialized Taiwan, South Korea and Singapore: "The government always leaves some room for the private sector to excel and to compete and to get a reasonable rate of profit." Stressing education, hard work and social harmony, state...
With such difficult problems facing the larger region, Shultz chose an itinerary that was likely to accentuate the positive side of U.S. dealings in the Pacific rim. He selected allies who tend to be receptive to his "businessman's diplomacy," and whose policies reflect his favorite themes: rising democracy, a comeback for capitalism and free trade. Thus the Secretary flew first to Hong Kong, a bastion of free enterprise on the tip of China, and ended his trip with a stopover in Palau, a U.S. territory in the South Pacific that voted in February to become semi-independent while granting...
...morning was calm and clear--a perfect day for aerial sightseeing over the Grand Canyon. But by 9:30, 25 tourists had perished after two aircraft collided in midair about one mile south of the gorge's north rim. There were no survivors...
...large body, clad in bullet belt and spiky hair came flying over my head. I ducked, but too late. A heavy black boot thudded into my avaitor metal-rim glasses, implanting an outline of the frames into my face and sending the glasses to an ignominious end beneath hundreds of other jackboots...