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To: Aitch who wrote (36890)	11/19/1998 1:44:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Aitch (& Loki): +++++++++OT+++++++++ "Cheap" is from the English "chippin" which means "market". I'm sure it has even more ancient roots in Anglo-Saxon. It still survives in towns like "Chipping Norton" or "Chipping Camdem". These towns were market towns for their region and still retain from the 15th and 16th centuries, the outdoors, covered market places where stall-holders, and farmers would buy and sell. "Cheapside" would merely indicate that there was a market there. When I first went to Canada and the US I frequently "insulted" the natives by congratulating them on how cheap were their clothes, cars etc. meaning how inexpensive or what good bargains. They thought I was saying that they were tasteless or tawdry. I suppose the French equivalent is "bon marche". Loki: In the UK a typical view of Japan is that it must get its banking industry right, but that it won't do this quickly, there are years of work ahead. But given our more socialist background there is probably more patience with Japan than is found in the US. There is an understanding that perhaps a society can value continuity and stability more than it values short-term wealth-creating strategies which are disruptive. Japan has been building very intensive and extensive joint-ventures with European countries for some time, and in this has been joined by Korea and some other Asian countries. The cancellation or postponement of many such projects, because of the Asian financial and subsequent economic crisis, has hit the UK and some other European countries quite hard. The consensus appears to be that Asia, in general, has started to recover and will recover quickly but that Japan will not regain its former dynamism for some time. Victor