Word: thailander
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...began marketing in 1989 were an immediate success. Getting the line manufactured was a headache, however. Lam was then working in bronze, which had a beautiful soft luster, but American manufacturers could not seem to give it the special twist she wanted. The only factory that could was in Thailand...
...will demand stronger fiscal discipline and less state investment ? economic medicine which may be hard to swallow. ?There is likely to be a long period of political turmoil in Asia as the IMF?s measures take effect,? says Branegan, noting early signs of resistance in Thailand, Indonesia and Korea. Some of those men in aviator jackets may yet pay the ultimate political price for taking the tigers by the tail...
...Seoul than the Japanese yen and the Tokyo stock market plunged to their lowest levels in two years. Across the Pacific, the ill winds from Asia blew the Dow Jones industrial average into a 157-point drop on Wednesday. "The real problem in East Asia is not Thailand, Indonesia or the Philippines," says Kenneth Courtis, chief Asia-Pacific strategist for Deutsche Morgan Grenfell. "It is Japan and Korea...
...dread scenario goes something like this: the emerging Asian economies--Thailand, Malaysia, Indonesia, Singapore and the Philippines--either slow sharply or sink into recession, and the ills spread throughout the rest of Asia, including Japan, which ships nearly half its exports to those countries. Japan's already sluggish economy buckles further, and because it is America's third largest trading partner, its difficulties are felt in the U.S., and ultimately throughout the world...
Before Monday's near meltdown, there were already flickering signs of trouble. The markets in emerging Asia had been sliding for several months--a year in the case of Thailand. Those markets were down 20% to 40% even before the Monday panic. Somewhat suddenly a few weeks ago, the selling spread to more seasoned Hong Kong--the East's most solid economy--whose stock market declined 18% in the week leading to America's market problems. When the U.S. market finally buckled on Oct. 24, the stage had been set for a massive case of the jitters. As the week...