Word: vietnamize
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...nervousness in financial markets today about the risks of instability in one country spreading elsewhere, as the example of Thailand suggests. The country became the epicenter of the 1997 Asian financial crisis when its currency plunged and set off a chain reaction that hurt emerging markets from Russia to Vietnam. Nearly a decade later, Thailand last month risked triggering a similar meltdown when the country's central bank imposed capital controls in an attempt to curb a big appreciation of the national currency, the baht. Coming just three months after a military junta seized power, the move spooked foreign investors...
...Thailand's economy is still more open than many of its neighbors'. But in hot investment destinations like Vietnam and China, the trend is toward fewer restrictions, not more. Nor have recent trade figures justified the pleas for protection by Thai exporters, which led to the controversial capital controls. Despite the baht's 15% rise in 2006, Thailand's exports actually climbed 17% last year, to $130 billion. So who loses out? In the short term, mainly foreigners. But given Thailand's dependence on overseas investment, such protectionism may backfire. "The repercussions of these policies will eventually affect Thais...
...that a shipment of teddy bears gets to U.S. stores on time or searching for the right factories to sew up a hot fashion line. Thousands of transactions for customers in Chicago, New York or London flow through their computers each day to be relayed to suppliers in Bangladesh, Vietnam and South Korea...
...drawdown of American troops from combat in Iraq. He is also ignoring 80% of the American people, who want him to bring the troops home. He has decided to do just the opposite, with a "surge" in troops, which is just spin for escalation. We tried that in the Vietnam War, which ended only when the American people finally woke up and demanded a halt. We must do the same now with this Iraq fiasco because it is very clear that Bush and Vice President Dick Cheney will never bring it to an end on their...
...wars, the U.S. has deployed its armed forces abroad more than 200 times, usually with some kind of congressional assent or at least acquiescence--from Thomas Jefferson's naval expedition against the Barbary pirates of North Africa to numerous interventions in Central America and the Caribbean, as well as Vietnam, Afghanistan and Iraq...