Word: seng
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Such perseverance is the theme of Cloud's account of Hout Seng, TIME's driver in Phnom Penh during the war. After an arduous escape from Cambodia, Seng and some of his family were confined in refugee camps in Thailand. With TIME's help, they were eventually able to settle in Washington, where Seng's son Neang, 28, is a photographer. He accompanied Cloud on his recent journey...
...first time Hout Seng saw the Khmer Rouge up close, they were running past his ground-floor apartment on the southern outskirts of Phnom Penh. They wore black pajamas and sandals made of tires, and had branches tied to their backs as camouflage. All carried AK-47s. It was the morning of April 17, 1975. % After five years of war, the Communist rebels were on the brink of victory. As the government's remaining defenses collapsed, more and more guerrillas poured past Seng's residence into the capital. By midafternoon the war was over, and people were celebrating...
Such forebodings have caused Hong Kong to react sharply to each twist and turn in the power struggle next door. The Hang Seng index, the main indicator of value of the Hong Kong Stock Exchange, swung wildly throughout the week. After dropping nearly 11% on Monday, the index rose 9.3% the next day on signs that the Chinese crisis might be easing. But the continued unrest in China led to further whipsawing that left the index at 2765.67 when trading ended Friday, down a substantial 12% for the week...
...global financial crash last October. At a stormy news ! conference held when trading resumed, the contentious Li argued that he had given investors a chance to calm down. But his action had the opposite effect: it created a pent-up pressure to sell. After the exchange reopened, the Hang Seng stock index plunged by 33% in a single...
...closest associates, including Sun and Tsang, have been excluded from the exchange's reorganized governing committee. Some Hong Kong traders were concerned about how the market would react to Li's arrest. Investors, however, seemed to applaud the government's crackdown. Last week the Hang Seng index rose 6.5%, to 2452.52, though it still stood nearly 40% below the peak it had reached before the crash...