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Word: thailander (lookup in dictionary) (lookup stats)
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...reaction? Tim McCarthy, then president of Izabel Lam International, visited Europe in the early 1990s and quickly solved the mystery. The Thais had not only pirated the designs but had also set up their own network of European agents who sold the cutlery and sent the money back to Thailand...

Author: /time Magazine | Title: THINKING BIG | 12/8/1997 | See Source »

...decided to fight. She got injunctions in Germany, Italy and France to stop the sale of pirated designs. McCarthy flew to Thailand and hired Pinkerton detectives to find and close down the pirates. They could not do so completely because metal can be cast in too many places: somebody's backyard or even an open field...

Author: /time Magazine | Title: THINKING BIG | 12/8/1997 | See Source »

David Parish's business could be described in ways that make him sound like a merchant of death. His company, Omnitech Robotics, makes equipment for tanks and other military vehicles. It has been used successfully on Bosnian battlefields, and lately Parish has been prowling arms bazaars in Thailand and the United Arab Emirates to woo foreign customers...

Author: /time Magazine | Title: THINKING BIG | 12/8/1997 | See Source »

More than the fate of South Korea has dropped into the laptops of the technocrats from Washington. The Asian crisis brewing since the summer has reached the Code Red stage. With Thailand and Indonesia receiving IMF bailouts, the fund has become the main hope for containing the East Asian upheavals before they spread to Japan, and from there perhaps to the U.S. Thailand, which came running to the IMF this summer, is getting a $17 billion aid package. Indonesia will get about $23 billion. South Korea initially asked for $20 billion, but last week its Finance Minister indicated the package...

Author: /time Magazine | Title: IMF TO THE RESCUE | 12/8/1997 | See Source »

...those unacquainted with the thrills of international economics, the IMF is in essence both a bank of last resort and a fiscal reform school for wayward economies. When countries such as Thailand and South Korea admit their sins--too much debt, too much spending and a lack of controls on their banking industries--the fund sends in the economists, armed with several financing schemes. There are short-term loans to stanch the bleeding and stop the flight of capital. The fund also negotiates for longer, 10-year credit agreements, as well as so-called concessional loans, or grants...

Author: /time Magazine | Title: IMF TO THE RESCUE | 12/8/1997 | See Source »

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