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Word: rimming (lookup in dictionary) (lookup stats)
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...black industrial and service companies by Black Enterprise. But the end of the cold war exposed Bar-Pat's overreliance on Pentagon orders. "After the Wall came down, they began canceling contracts for the military, and when we went looking for commercial contracts, it was all in the Pacific Rim, and we went out of business," Bellinger says...

Author: /time Magazine | Title: Business Report: Holding Their Own | 9/14/1998 | See Source »

...past two weeks--is directly linked to the deepening trouble in Asia, which represents only 30% of American exports but about 100% of American worries. Cheaper Asian goods, made possible by currency devaluations, have caused the U.S. trade deficit to balloon: America is buying more from the Pacific rim and selling less. While that's good for companies like Wal-Mart and allows shoppers to buy lawn furniture and kids' clothing cheaper, economists are concerned that Asia is sucking at America's economic resilience. With Asian markets shrinking, farmers in Montana can't export as much wheat, so prices have...

Author: /time Magazine | Title: When Currencies Collide | 8/24/1998 | See Source »

...elegant curtain of New York City's Metropolitan Opera House rose to reveal a seedy-looking bar. A drummer rapped out four crisp rim shots, and three dancers in bell-bottom trousers charged onstage. One of them was a 25-year-old whiz kid from Weehawken, N.J., starring in the premiere of his first ballet, a breezy tale of girl-crazy sailors on shore leave that he called Fancy Free. At a time when most Americans thought ballet meant women in tutus pretending to be birds, Fancy Free looked more like Fred Astaire than Swan Lake, and the music...

Author: /time Magazine | Title: A Made in The U.S.A. Genius: Jerome Robbins, master choreographer | 8/10/1998 | See Source »

...burden of too much business, however, may not be with Boeing long. Asia's financial crash has caused carriers across the Pacific Rim to cancel or delay billions of dollars' worth of aircraft orders. Boeing, which plans to build 550 jetliners in 1998, says the downturn may cost it some 90 deliveries--which could carry a value of $10 billion--over the next five years. In Europe, Boeing rival Airbus Industrie, pushing for a 50% share of the world's $65 billion-a-year jetliner market, is wooing long-standing Boeing customers and has been bargaining hard...

Author: /time Magazine | Title: Is Boeing Out of Its Spin? | 7/13/1998 | See Source »

...rebuilding" for nearly a decade. Oh, yeah, Celtics stock has been anything but a slam-dunk, soaring from $18 1/2 to just over $20--in 12 years. Even if you count dividends, the return on Celtics stock has been as exciting as a brick clanking off the Fleet Center rim. Expect no more from the Indians' stock. (By week's end, investors had already pushed the stock below its IPO price--an ominous sign...

Author: /time Magazine | Title: An Unhittable Pitch | 6/15/1998 | See Source »

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