Word: upturns
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Dates: during 1990-1999
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...only new idea he hadn't yet tried, that of the bewildering British "mathematician." As the President explained in a fireside chat, "We suffer primarily from a failure of consumer demand because of a lack of buying power." It was therefore up to the government to "create an economic upturn" by making "additions to the purchasing power of the nation...
...books would violate the treatment as an equal principle on two grounds. First, Bob's need for shelter would be relegated to the same rank as the Dorm Crew student's more trivial need for concert tickets or sourcebooks. Secondly, Bob does not expect the same drastic socioeconomic upturn that students do; for him and over a thousand others, their wage will change little over their lifetime...
...bailout seems to have worked, thanks in large part to autumn's upturn in the global markets. But the real hero of the story is probably Federal Reserve Chairman Alan Greenspan, who lowered interest rates three times since September, prompting overseas banks to do the same. Long Term Capital's assets rose more than 20% in November alone, giving it a profit for the first time in at least seven months, though that gain may be partly wiped out now that markets have turned softer...
Some firms already active in Asia through joint ventures are buying out their cash-strapped local partners, thus positioning themselves to reap all the profits from a future upturn. In South Korea, Coca-Cola has taken over the bottling and distribution businesses of three former partners--Doosan Beverage, Woo Sung Food and Honam Food--and it is no secret that Coors is negotiating to take full control of Jinro Coors Beer. South Korea is one of a tiny handful of troubled Asian countries expected to resume some positive growth, however small, by late...
What is happening overseas is still not what you would call pretty. Many Asian economies will be slumping throughout next year, though more slowly than in 1998. Once a general upturn begins, perhaps in 2000, it will take years for those countries to regain the prosperity of 1996. And there are still pitfalls that may take intricate maneuvering to avoid...