Word: smoothly
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Dates: during 1990-1999
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COMPETITIVE ADVANTAGE Close cooperation among all the links in the manufacturing chain--the cartel-like structure known as Keiretsu--turned the country into a production machine. A promise of lifetime employment and a culture of consensus created silky-smooth labor relations. For more than a decade, this unique brand of teamwork pushed Japan into an economic league of its own. No other country had such low unemployment and low inflation; the rest of the world struggled with stagflation (high unemployment and inflation). Japan racked up some $400 billion in trade surpluses in the decade. Indeed...
...Trampe, one of three cash-poor ranchers who own most of the open land between Gunnison and Crested Butte, was not among those selling. "This is home," he says. In the field beside the brick house his father built sits a huge pile of stones, polished smooth by 100 winters, bleached white by 100 years of high-country sun. It was created by Trampe's grandfather, clearing this land for farming and cattle. When Trampe took over the ranch after his father's death 30 years ago, little had changed in the valley. As late as 1990, Trampe could...
...from involvement in Hong Kong's affairs and will not appear on the streets in armed vehicles. First impressions of the new military forces seemed to support Beijing's promise. The first wave arrived waving to crowds with few if any weapons in sight. Beijing's effort to smooth the transition went a step further when it declared its troops have boned up on Hong Kong's constitution, laws, customs and dialect. Overall, speculation that China's presence would be greeted with widespread hostility has so far proven unfounded as hundreds of citizens lined the roads, waving flags and applauding...
...transition has been amazingly smooth. Throughout the onerous negotiations, despite the revulsion in 1989 over the brutal bloodshed in Tiananmen Square, Hong Kong has grown steadily more prosperous. In a city whose business has always been business, the stock-market surge, real estate boom and expansive corporate behavior point to a bullish future. The place feels surprisingly relaxed. Public confidence in the new leadership is running high: C.H. Tung's favorable rating was 59%, according to a TIME/CNN poll by Yankelovich Partners Inc. While an estimated 387,000 citizens made a preliminary negative bet on the outcome and emigrated over...
...netting her 73rd career point, Calagione earned second team All-Ivy honors and a spot as Harvard's ninth all-time scorer. After switching from forward to defense during her sophomore year, Calagione has used her tall 5'11 frame as well as her smooth, aggressive skating to her advantage. The senior garnered ECAC recognition for her strength on the blueline and her offensive prowess...