Word: rimming
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...PACIFIC RIM. Japan justifiably claims credit for reducing its dependence on oil imports, down from 77% of total energy supplies in 1973 to 58% today. But ballooning petroleum prices risk sparking inflation. The official inflation rate of 2.5% is understated, since it does not reflect property values that have risen to unprecedented heights in the past five years. Moreover, with the country's rapidly aging population, Japanese companies face a severe labor shortage that threatens to drive up wages and, eventually, prices...
...threat it once posed to U.S. interests has largely dissipated. "Economic development is Vietnam's preoccupation, not military adventurism," says former Secretary of State Edmund Muskie. The U.S., by returning to Southeast Asia and helping set it aright, could do much to bring Vietnam into the booming Pacific Rim economy. Given Vietnam's potential, the U.S. would probably be doing itself a favor by not ceding all the investment and market opportunities to others...
...absorb the new hotels. Says Paine Webber's Lee Isgur: "Basically, Las Vegas is the entertainment capital of the world. As they put in more resorts, more people will use Las Vegas as a vacation spot." That could prove particularly true now that gamblers from Japan and other Pacific Rim countries have begun flocking to the city's tables. Ladies and gentlemen, place your bets...
...Rim shot, please. Or, more appropriate for the time (the mid-1950s) and place (the environs of the University of Chicago), a wry smile and a knowing bob of the head above a woolly black turtleneck. Nothing as show biz as drum punctuation would suit an enterprise as groundbreaking, mind teasing and -- all right, all right -- history making as Chicago's Compass Theater...
...magazines and on radio. "Paraphernalia," noted the New York Times in 1976, "is no longer a hippie phenomenon, but a business for young capitalists." By 1980 some 15,000 head shops in the U.S. were doing at least $1 billion in sales. Meanwhile, vials and pipes made in Pacific Rim countries were imported with relative impunity...