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Water Lily.(Typhoon Nari , Taiwan)(Brief Article)

Newsweek International

| October 01, 2001 | Beith, Malcolm | COPYRIGHT 2001 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nobody needed last week's Typhoon Nari less than Taiwan. The island is in its worst recession in 30 years, unemployment is skyrocketing, the stock market is in shambles and too many businesses are moving to China, land of low wages, cheap commercial property and tax incentives. Nari means "lily" in Korean, but the typhoon was far from graceful, dropping the equivalent of four months of rainfall on Taiwan in just four days. ...

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Source: HighBeam Research, Water Lily.(Typhoon Nari , Taiwan)(Brief Article)