Word: westernness
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Dates: during 1990-1999
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...this he blames shrewd foreign competitors and American free traders, a message especially potent with displaced workers. He recently attended a rally in western Pennsylvania, where his mother was born and where his cousins still live. He remembers it as a thriving manufacturing region. And it is all disappearing. "We allowed those other countries to take over American industries: TVs, radios, motorcycles, cars. We gotta wake up and look these guys in the eye and say, Look, these are not like our golf partners. These people are rivals, competitors and, in the case of China, potential mighty adversaries. We have...
...later back in Russia, Yeltsin, 64, was flown by helicopter from one of his dachas outside Moscow and rushed to intensive care at the Central Clinical Hospital in the city's western outskirts. The Kremlin announced that he was suffering from myocardial ischemia, the same blockage of the blood supply to the heart that early last summer had sent him to the hospital for two weeks and kept him out of work for nearly a month. For the next several days, Yeltsin was in virtual isolation, seeing only his doctors, family and bodyguards. His aides, looking somber, gave assurances that...
...marketers travel throughout the region, offering deals and updates on past transactions. It's a level of "expensive, personalized service," says Kirdar, that Investcorp's competitors can't match. Investcorp's success in the Middle East may also be due to its marketing documents, which are not overseen by Western regulatory agencies. The contrast is striking between an Investcorp private-placement memorandum and a prospectus approved by the Securities and Exchange Commission. The SEC-approved prospectus for Gucci is filled with warnings and disclaimers, including a section on "risk factors" that runs 3 1/2 pages. A Saks private-placement memorandum...
Cultural factors also help explain Investcorp's marketing success. When the bank got started in the early 1980s, many of its Arab clients were unschooled in Western business practices. Kirdar was their bridge to the West. He spoke their language, sprang from their culture, yet was Western educated (he has an M.B.A. from New York's Fordham University) and had trained in a big U.S. bank. Kirdar understood his clients' taste in brand names. One reason Investcorp bought Gucci, says an Arab banker, is that "the Arabs wear the shoes." Many were happy to hand millions of dollars to Kirdar...
...which is reviving some of her more notable interviews twice a week, at various testimonial lunches and birthday dinners--if it's Monday, this must be Margaret Thatcher--and at an airport near you, shuttling between her sundry news and entertainment assignments. Fidel Castro once asked a group of Western journalists awaiting his arrival, "Donde esta Barbara?" The answer is everywhere. Like the sugar maple...