Word: tsunamis
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...TIME correspondent Bruce Van Voorst believes December?s 9-year-record trade deficit is a sign of things to come, plummeting Asian currencies send a tsunami of cheap imports towards America, while Japan's failure to stimulate its domestic demand and absorb some of Asia's exports exacerbates the crisis. "If the trend reflected in the December U.S. trade deficit continues - and there's every reason to believe it will - the Asian crisis could knock 1 percent off our GDP and wipe out 1 million American jobs," says Van Voorst.
...Harvard must carry its momentum into this weekend against Penn and Princeton, as the Crimson tsunami (15-2, 5-0 Ivy) heads towards the shores of yet another league championship...
...something or look around, there's another reference to Banana Republic or Orange Julius, Return of the Jedi or Bonfire of the Vanities; to something that you have eaten, bought, seen or done. Even the title is a reference: Geniuses of Crack is the title of a song by Tsunami which describes people who are experts in irrelevant and obscure topics...
HONG KONG: In the game of foreign relations, often the smallest gesture can carry the force of a tsunami in its symbolism. Such was the case when future Hong Kong leader C.H. Tung abruptly canceled a planned visit to the U.S. next month. The reason? President Clinton and Vice President Al Gore's announcement that they will meet Friday with Tung nemesis Martin Lee, Hong Kong's most outspoken proponent of democracy. TIME's William Dowell reports that the recognition represents a dramatic shift in the White House treatment of Lee. "For years, former secretary of state Warren Christopher...
After years of confounding customers with a tsunami of new rates, packages and plans, big telephone companies like AT&T and MCI may have finally met their match: PhoneMiser. The palm-size PC adapter, below, links a personal computer to your telephone line and then uses software to calculate which of dozens of carriers offers the best deal at any given moment. All your phones on one line (and fax machines and Internet connections) can be simultaneously tied in to the program, which takes about a second to find the cheapest alternative and place the call. The system...