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...Beijing has denounced Washington's missile shield, and warned that it will spark a new arms race and threaten relations with the U.S. Among Beijing's central fears is that a U.S. missile umbrella would one day be extended to Taiwan, which China would find intolerable. But it's also concerned that even the most limited version of the missile shield that Washington would deploy as soon as possible to counter the threat of missiles from "rogue" states would effectively neutralize its own missile fleet, which is believed to number around 20 ICBMs...

Author: /time Magazine | Title: What the World Thinks of Bush's Missile Shield (Hint: Not Much) | 5/2/2001 | See Source »

...shadow of the U.S., which imposed the constitution after the Japanese surrender in 1945. In the past few years, revisions to the constitutional role of Japan's military have been broached. A resurgent China makes the Japanese nervous and they also wonder about the reliability of the U.S. military umbrella if something like a North Korean missile - one of which hit 360 miles offshore in 1998 - were to disturb the region's peace...

Author: /time Magazine | Title: Guarding Reputations | 4/30/2001 | See Source »

Joblessness was at its lowest level in 30 years. Prices were in check. Productivity had surged to levels not seen since the 1960s. Early last year the economy was on a luxury cruise ordering umbrella drinks. Conditions seemed so perfect that a new, more cocky breed of economist was arguing that the New Economy had changed history. Recession? A relic. Despite falling stock prices, this optimism continued into autumn, with one prestigious group of business economists predicting "solid growth ahead with no end to the expansion...

Author: /time Magazine | Title: How We Missed Signs Of A Slowdown | 4/30/2001 | See Source »

...umbrella organization for Ivy League student governments-has always taken a few knocks from the Undergraduate Council, which has repeatedly questioned why it should involve itself with the Ivy organization...

Author: By Alexander B. Ginsberg, CRIMSON STAFF WRITER | Title: U.C. May Pick Up Debt From Ivy Council | 4/27/2001 | See Source »

...April alone, new home sales hit a record high - and home purchases are like an umbrella - buy a home, you buy refrigerators, electronics, furniture, lumber, everything. Numbers like that really do bode well for the economy...

Author: /time Magazine | Title: 'Forget What Consumers Think — Watch What They Do' | 4/27/2001 | See Source »

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