Word: thailand
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Dates: during 1990-1999
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...tumbles, ours doesn't necessarily follow. Take Japan. Its stock market has been in decline most of the past eight years, a period in which U.S. stocks have risen 240%. Since August, the U.S. market has seemed equally impervious to the pain of 20% to 40% market plunges in Thailand, Indonesia, Malaysia, the Philippines and finally Hong Kong...
...Asia is experiencing severe growing pains. Banks have loaned too much money, using inflated property values as collateral. In Thailand many banks have loaned more money than they have on deposit, and some 20% of the nation's lending has been done by especially aggressive, largely unregulated nonbank financial companies. Most of these "fin-cos" are headed for extinction. It's a recipe for a flood of bad loans and higher interest rates. The economy there is headed for a slowdown, possibly a recession, in short order...
Maybe you were distracted by the landing of Pathfinder on Mars or were just not paying particular attention when Thailand's currency, the baht, began to fall to earth like a wounded satellite. On July 2 the baht plunged more than 12% in value against the greenback. Then it crashed into the Philippines, Malaysia and Indonesia, where government officials were forced to devalue their currencies. That triggered a region-wide crisis, in which stock markets gave up as much as 35% of their value, inflated real estate prices fell through the floor, banks collapsed, and hundreds of thousands of Southeast...
From the first view of the elaborately decorated set to the final glimpse of the jeweled costumes, The King and I at the Wang is an absolute treat for the eyes. Director Christopher Renshaw and scenic designer Brian Thompson use many beautiful details to create Thailand in the 1860s, including 14 30-foot tall bejeweled golden elephants, exquisite replications of Thai furniture and red and gold attired servants in traditional gold Thai headdresses. The muted crimson and violet lighting and the goldtiled altars and thrones add perfectly to the overall effect of opulent elegance. One could easily...
...good at his job as an E.R. physician in the Sacramento area that he was recruited for an unpaid three-month stint caring for Cambodian refugees at a bush camp in eastern Thailand. Treating the injuries resulting from Cambodia's civil war reinforced his feelings about gun violence. "We saw 20 or 30 cases of battle trauma a day," he says...