Word: tensions
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Dates: during 1990-1999
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...truly multiracial society will undoubtedly prove much harder to govern. Even seemingly race-free conflicts will be increasingly complicated by an overlay of ethnic tension. For example, the expected showdown in the early 21st century between the rising number of retirees and the dwindling number of workers who must be taxed to pay for the elders' Social Security benefits will probably be compounded by the fact that a large majority of recipients will be white, whereas a majority of workers paying for them will be nonwhite...
Suddenly Japan is caught in a powerful downdraft of pessimism. A vexing combination of tightening financial conditions, trade tension with the U.S. and political weakness at the top has sent Tokyo's financial markets into a funk. The slide is threatening to choke the country's economic growth and sap the ebullient confidence that has filled Japanese investors and businessmen in recent years. "The pendulum has once again swung in Japan," says Richard Koo, a senior economist at the Nomura Research Institute. "It's now over to the doom-and-gloom side, when objectively speaking, Japanese companies remain the strongest...
Another source of concern among the Japanese is the increasing tension in negotiations aimed at closing the trade imbalance between the U.S. and Japan. While Tokyo's global merchandise trade surplus shrank from a peak of $96.4 billion in 1987 to $77.1 billion in 1989, much of that decline came from increased trade with European and Asian countries. Despite Japan's increasing imports of American products, the U.S. trade deficit with Japan has remained largely unchanged, stuck at the current level, around $50 billion...
...Tandy notes, "you pay a price for being separated," and they clearly prefer working together, despite the sparks that sometimes ensue. "There is a tension that can build up," says Cronyn. "Sometimes I've been helpful to Jess, but sometimes I've been a pain in the ass, and she will say, 'Leave me alone! Let me do it my way! I can't play your part; don't you try to play mine.' We work differently. When Jessie gets her teeth into something, she is totally obsessed by it. We will go home at night after a rehearsal...
...agreement comes at a time of high tension between the two nations over U.S. trade deficits and highprofile Japanese buying of American holdings. The grant "doesn't have anything to do with business," Aoshima said, emphasizing the immediate need for a better understanding of Japan by Americans...