Word: thailand
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Dates: during 1990-1999
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JEFFREY RESSNER, a Los Angeles-based correspondent, drew an assignment that film buffs and teenage girls dream about: hanging with Leonardo DiCaprio in Thailand for the shooting of The Beach. The film is based on the novel about an Edenic commune. "Knowing that I like to travel and am something of a loner, a friend had recommended the book," says Ressner. He assures us that even in the jungles of Asia, DiCaprio fans abound, and the king of Hollywood has not forsaken his storied Epicureanism. "Leo holds to what the Thais call sanuk, which is more than just...
...Thailand, Korea and Indonesia have stopped reforming their banks and other instruments of "crony capitalism," says Courtis, but are still managing to claw back toward growth by a simple strategy: "You crush domestic demand, you crush your currency, so imports collapse and everything goes to the export sector." A year ago, he explains, Korea had zero foreign exchange reserves; today it has $48 billion, equal to 12% of GNP. Thailand's are at 11% of GNP. But this strategy depends crucially on boosting exports to developed countries, particularly the U.S., which will hang on choices made in Washington...
...positive sign in some emerging countries like Korea and Thailand is that foreign direct investment--the purchase of actual assets for long-term development--is robust as multinationals scoop up bargains. But in Russia, says Marshall Goldman, associate director of the Davis Center for Russian Studies at Harvard, "there's no bottom fishing at any price. It doesn't make sense if after you've gotten there you get squeezed and discover you have no rights." Moscow is finally pushing an agreement to share energy revenues with foreign companies that are desperately needed to develop this sector, but that still...
...those with more acquired tastes, there are acres of aisles constituting a "World Market--Great Value in Any Language." Goya hanichuelas pintas abound amidst 25-pound bags of Gao Nang Thom imported Thailand jasmine white scented rice. Odd British "Wispa" and "Krunchie" chocolate treats are interspersed with ginger beer syrup and pepper sauce piquante. Star Market has even started its own line of accessories named Ser., complete with fleece neckwarmers and pillows shaped like the continental 48 states that scream, "hug America...
With hubs like Thailand and the Philippines cracking down, sex tourists from the U.S. are finding new victims in Latin America, where an estimated 2 million kids are homeless after last year's hurricanes. For guidance, they have a series of hushed contacts and encrypted e-mails. A few have been caught--Rounds was convicted by a Honduran court and is serving a 10-year sentence for molesting three boys. But others not only continue their predations but actually smuggle children into...