Word: shockingly
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...seriously has the Livedoor scandal affected the Japanese financial markets? Despite all the market and media turmoil, most institutional investors and analysts, inside and out of Japan, are quick to note that Livedoor is not a large company, even by Japanese standards, and, therefore, they argue that the ?Livedoor Shock? now consuming Japan risks blowing the economic impact of the company?s woes out of proportion. Peter Morgan, Chief Economist for HSBC Securities in Tokyo calls Livedoor a symbolic battle and a specific case that has little implications for the rest of the economy. ?The economy is better now than...
...possible that other companies might have had similar thoughts.? For now, however, most analysts TIME contacted contend that Japan?s stock market, its economy, and the financial reporting controls are fundamentally strong. In fact, Peter Tasker, an economist at Dresdner Kleinwort Wasserstein in Tokyo, maintains that the ?Livedoor Shock? could be seen as a long-overdue correction to the speculative froth that powered the Japanese stock market to a 40% increase last year. With additional reporting by Ilya Garger/Hong Kong and Toko Sekiguchi/Tokyo
...tickets yet, you'd better start working the phones. To the old-money types and aristocrats that once made up the bulk of the guest list, the present-day event has been diminished by the inclusion of pop singers, politicians, movie stars and even (shock, horror) the odd porn actress. A ban on smoking, instituted at the 2004 ball, has been another blow to the faithful, as has the introduction of contemporary music (nowadays you can boogie and salsa in addition to waltz). In that case, why attend? For the stunning visual spectacle, above all. Upwards of 60,000 flowers...
...tickets yet, you'd better start working the phones. To the old-money types and aristocrats that once made up the bulk of the guest list, the present-day event has been diminished by the inclusion of pop singers, politicians, movie stars and even (shock, horror) the odd porn actress. A ban on smoking, instituted at the 2004 ball, has been another blow to the faithful, as has the introduction of contemporary music (nowadays you can boogie and salsa in addition to waltz). In that case, why attend? For the stunning visual spectacle, above all. Upwards of 60,000 flowers...
...says Yang, 28, whose parents are Chinese. That interim place felt like his and his alone?until he got to Brown University. When Yang was a freshman in 1995, there were 854 other Asian Americans enrolled?a full 15% of the undergraduate student body. "It was sort of culture shock. I had never met kids like me," he says. "We all grew up feeling the tension between trying to be Asian and trying to be American. We really bonded over the idiosyncrasies of being between two cultures." During his senior year, he roomed with five other Chinese Americans...