Word: third world
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...choice for many world-class athletes and has reportedly hooked celeb dieters Madonna, Howard Stern and Bill Clinton, though the White House is keeping mum. Considering the short shelf life of most fads, the Zone has reached adolescence gracefully. In Southern California it has mushroomed from a life-style choice to an industry. Life Zone, a health club devoted solely to putting people on Zone diets, has seen 1,500 customers in the past two years enlist in its 12-week program. At the bistro L.A. Farm, a hot spot for film moguls, one-third of lunch orders come from...
Blondie learned a lot, very quickly. Beating a suspect into a confession? O.K. Stealing from a bad guy? Fine. But he also learned that even the shadow world had its rules. "The first is, keep it in the ghetto. In the good areas, you don't go stopping people without cause," he says. "Second, you don't take money to let a criminal enterprise continue. And third, you don't frame an innocent person." Blondie says he and his crew never "planted stuff" on an innocent person. If he were that kind of cop, he insists, "then we would have...
WASHINGTON: Bill Clinton may have welcomed the Kyoto climate treaty, but he won?t make the mistake of submitting it for ratification just yet. The White House announced Thursday that it will delay sending the treaty to the Senate until the third world signs on to the greenhouse-gas-cutting effort. Developing nations, however, continue to insist that the industrialized nations, which are the worst offenders, must go first...
Farmer criticized the results of several development efforts. Projects designed to modernize Third World countries sometimes have disastrous consequences for the people living in them, he said...
...JAPANESE THREAT The world's second largest economy, in a severe slump for most of the '90s, could get pushed into depression by the financial crises in Southeast Asia, which gets nearly 40% of all Japanese exports. More alarming, roughly one-third of all loans in Southeast Asia--many now in default--came from fragile Japanese financial institutions. Says University of Chicago political economist Marvin Zonis: "To raise needed liquidity, they might sell their holdings of Treasury securities." Since Japan owns more U.S. Treasury debt than any other nation (more than $300 billion), a sell-off would cause U.S. interest...