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...long run by giving the Japanese a respite from cost cutting, during which they can pour their profits into research and development. In the meantime, other discounters, like the Koreans, are rushing into the U.S. market to fill the discount gap. "I'm meeting with a group from Seoul tomorrow. Their prices will be better," says Donald Kingsborough, chairman of a California toy company, Worlds of Wonder, that uses a high volume of chips in products like Teddy Ruxpin, the talking bear...

Author: /time Magazine | Title: Feeling the Crunch From Foreign Chips | 10/27/1986 | See Source »

...Mexican agreement is the first offshoot of the Baker Plan, named after U.S. Treasury Secretary James Baker, who proposed what he called a new "growth-oriented" debt strategy at the last IMF-World Bank annual meeting, a year ago in Seoul, South Korea. Baker had argued that the developing countries could not dig out of their hole unless their economies were given enough new money to help expand vigorously...

Author: /time Magazine | Title: Debtor's Deal | 10/13/1986 | See Source »

...kids my own age" and "get on with my life," albeit at a pace that might exhaust less energetic souls. In addition to taking courses, the 4-ft. 9-in. sprite will continue her commercial endorsements and hopes to be an NBC commentator at the 1988 Summer Olympics in Seoul. "I had to stop my real education in the tenth grade," says Retton of her decision. She didn't want to look back later and "wish I went to college." Her first English paper was on her coach Bela Karolyi. "It was supposed to be descriptive, and I know...

Author: /time Magazine | Title: People: Oct. 13, 1986 | 10/13/1986 | See Source »

...show will feature a sampler of art, music and sports. Painter Keith Haring, Musicians Philip Glass and Lou Reed and a member of Paik's "family" of video robots will appear in Manhattan, Architect Arata Isozaki and Fashion Designer Issey Miyake will be on from Tokyo, and outside Seoul, cameras will follow the running of the marathon at the Asian Games. "The hardest part was not raising the money but dealing with three different countries that historically mistrust one another," notes Korean- born Paik, 54, who clearly remains unfazed by such geopolitical interference. He is already looking forward...

Author: /time Magazine | Title: People: Oct. 6, 1986 | 10/6/1986 | See Source »

...South Korean government of President Chun Doo Hwan blamed the North Koreans for the attack. It promptly increased already tight security, hoping to quell any notion that Seoul was an unsafe site for the games -- or indeed for the 1988 Olympics...

Author: /time Magazine | Title: South Korea: The Show Must Go On | 9/29/1986 | See Source »

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