Word: western
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Dates: during 1980-1989
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...Berlin commercials are among an outpouring of ads in which Western businesses seem to be welcoming Eastern Europe into the capitalist world. A Shearson Lehman Hutton commercial shows Slavic women wearing U.S. running shoes and a teenager riding a skateboard past a hammer-and-sickle sculpture. The tactics have even been adopted by the other side: one of the products to extol improved East-West relations in its ads is Stolichnaya, the Russian vodka...
Having endured Barco's best shot so far, the drug chieftains appear to be rebuilding their scorched empire. Cocaine production, which in September dropped to a quarter of its usual level of about 50 tons, is back up to 75%. Says a Western diplomat: "They were knocked off balance, but never out of business. If they need to boost production, they offer people double or triple salary. Money means nothing to them...
...financial center of gravity in the world has shifted toward the Pacific Rim, new tax and secrecy havens have multiplied on such remote islands as Nauru in the western Pacific and Palau and Truk in Micronesia. Citizens of Vanuatu, a volcanic archipelago of some 80 islands formerly known as the New Hebrides, have found that international finance beats coconut and taro farming. In Port Vila, the capital, it is not unusual for a $100 million transaction between major international banks to take place on any given...
...that measure, the main value of Malta was in fulfilling Bush's stated goal: making a personal connection with Gorbachev. To Bush's relief, Gorbachev played a low-key role, thanking the President for his "prudent and cautious" rhetoric. The two leaders engaged in lengthy chats about "Western values," an expression Bush uses to describe the changes sweeping Eastern Europe. In one 30-minute segment, Gorbachev asked Bush to drop the phrase from speeches, because it implied the changes were a victory for the West. Accordingly, the President has started speaking of "democratic values...
...York Times proclaimed, THE COLD WAR IS OVER. President Bush has rightly taken issue with that statement. But as the "spirit of Malta" washes over the West, he may soon find that he is a very lonely member of a virtually silent minority. On all sides we hear that Western ideas have won and that Communism has been defeated. And yet a Communist named Gorbachev is the most popular man in Europe...