Word: apec
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Dates: during 1990-1999
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...blowback? Not Al Gore. "That is the American message and I am proud to deliver it here and anywhere I go," he told reporters after New Zealand, Singapore and China joined Malaysia in needling the veep for bringing politics to a summit that's supposed to be all business. "APEC is an economic forum," said New Zealand's Prime Minister Jenny Shipley, whose country will host next year's summit. "Clearly there are some pressing bilateral issues that countries want to raise here in Malaysia, but it should not be at the expense of APEC...
...policy. It was Anwar's chumminess with the IMF that got him in trouble, he says, and it's Mahathir's nose-thumbing capital controls, not his long-time thuggery, that have the U.S. so riled. And notice that Mahathir's Asian counterparts were careful to stick up for APEC -- not Mahathir. "He's isolated himself so much from the rest of the region," says McAllister, "that the U.S. really doesn't have much to worry about...
...says TIME U.N. correspondent William Dowell. "It's hard to see what Washington can do except withhold money, and that would only make the situation worse in Indonesia," says Dowell. "Suharto is the most important U.S. ally in the region. He was the one who brought Asian leaders into APEC and convinced them to stand up to China...
...remember the accomplishments of the annual Pacific Basin apec economic summits. But the clothes! Last week Canadian Prime Minister Jean Chretien chose for his guests a brown elk leather, $400 Roots flight jacket, each personalized with the summiteer's name, title and apec logo, and cut to size (Clinton's: XXXL, tall). Such outfits--a Philippine barong tagalog in 1996 and an Indonesian batik shirt in 1994--are now high on the agenda. Host countries "check out the President's size pretty carefully," says the White House...
...message from APEC is that there is a serious crisis in Asia, but if everybody takes the necessary, and in some cases painful, steps, there won't be an Asian meltdown," says TIME White House Correspondent Jay Branegan. "They're saying 'The Asian miracle is not over, the Asian miracle is taking a breather,' and they hope it'll be a relatively short breather, because the economic fundamentals remain sound...