Word: valleys
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...into joint ventures with foreign countries, raise international capital and invite bids for construction projects. If all went well, Shanghai, already responsible for one-sixth of China's foreign-exchange earnings and one-eighth of its industrial production, would emerge as a sort of hybrid Wall Street and Ruhr Valley...
Israel last week accused Syria's President Haffez Assad of replacing Soviet SA-6 and SA-8 antiaircraft missiles in Lebanon. Syria had deployed such weapons there in 1981, only to have them destroyed by the Israelis during their 1982 invasion. The redeployment into Lebanon's Bekaa Valley was made late in November after Israeli war planes had shot down two Syrian jets over Syria. An Israeli army spokesman disclosed the missile move publicly on Dec. 15. Other Israeli officials contended that the U.S. had secretly persuaded Assad to withdraw them. Assad did so but, showing his muscle...
...conditioning took the sting out of the 120° summer heat; cool nights and tangy mornings enticed the active residents into swimming pools and onto tennis courts and golf courses. But now Palm Springs is becoming overdeveloped and even turning a bit tacky in spots. Meanwhile, construction in the Coachella Valley is rolling relentlessly across the Colorado Desert...
...southeastward sprawl along California's Highway 111 has nearly doubled the valley's population, from 88,000 to 170,000, since 1970. In recent years the number of new houses, condominiums and hotels in the strip has grown as much as 60% a year. The value of building permits in the community of Palm Desert leaped 495% in 1985. Indian Wells, which had 800 residents when it was incorporated in 1967, now has 1,900 with an average annual income of $74,000, making it one of the nation's wealthiest communities. Some 8,000 residences are now abuilding...
...left out, is planning a water-slide entertainment park and building a six-story Pierre Cardin hotel called Maxims. Next to it is a block- long string of fashion shops featuring Saks and I. Magnin. But the action now centers in what Palm Springs old-timers disparage as "down valley," where newcomers find no reason to leave their walled compounds and new shopping malls to drive into the "old town." Their lives revolve around the booming clubs. They spend their days on the fairways and their evenings at cocktail bashes, black-tie charity balls and private dinner parties...