ow, one year after the region's economies hit an iceberg, is a good time to assess the damage. Here are two indicators of how bad it has been and how bad it is likely to become:

PC SALES STALL
Outide of Hong Kong and Taiwan, PC factory shipments have plummeted. It's an obvious indicator that Asian individuals and businesses have less money to spend and invest. But since PCs improve productivity, the deline could also foreshadow lower profitablity.

PC Factory Shipments

Indonesia	-80%
Thailand	-50%
Malaysia	-34%
Philippines	-30%
Singapore	-3%
Taiwan	4%
Hong Kong	11%

Source: International Data Corporation

COST OF AN OVERSEAS EDUCATION ZOOMS
Weakness in local currencies has put a much higher price tag on a U.S. education--especially for families in Indonesia. U.S. colleges have responded by permitting international students to hold jobs while they attend school.

Change in tuition at Boston University, in local currencies

Indonesia	341% 60 million - 264 million rupiah
Malaysia	49% 60,203 - 89,950 ringgit
Philippines	36% 659,787 - 896,078 pesos
Thailand	31% 732,843 - 956,577 baht
Taiwan	19% NT$655,449$ - 780,786
Singapore	15% S$33,674 - 38,697
Hong Kong	0% HK$176,727 - 176,864

Sources: Boston University; TIME MONEY Calculations

Reporter: Duff McDonald