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...Then in the 1980s, as corporate America struggled to compete with a rising Japan, a chorus arose from some economists and business leaders that the U.S. had to ditch its free-market ways for Asia's "state-led" capitalist system. What America needed was to copy aspects of the bureaucracy-managed economy - like its policy of providing state support to favored industries - that seemed such a stunning success in Japan. The American government "can no longer afford not to give more positive guidance" to the economy, wrote Asia expert Ezra Vogel in his 1979 book Japan as Number...

Author: /time Magazine | Title: Why Government Intervention Won't Last | 11/25/2008 | See Source »

...health, from ancient Greeks and Egyptians who flocked to hot springs and baths, to 18th and 19th century Europeans and Americans who journeyed to spas and remote retreats hoping to cure ailments like tuberculosis. But surgery abroad is a fairly modern phenomenon. As health costs rose in the 1980s and 1990s, patients looking for affordable options started considering their options offshore. So-called "tooth tourism" grew quickly, with Americans traveling to Central American countries like Costa Rica for dental bridges and caps not covered by their insurance. (A large percentage of today's medical tourism is for dental work...

Author: /time Magazine | Title: Medical Tourism | 11/25/2008 | See Source »

...jobless rate in years. But put into historical perspective, that forecast isn't too bad. A quarter of all adults were out of work during the Great Depression. More recently, unemployment reached 7.8% in the early 1990s, and climbed all the way to 11% in the beginning of the 1980s. We recovered from both of those recessions looking quite sprightly. But beyond the headline number is a growing unease among economists and job-market watchers that, for the approximately 2.3 million people who may be asked to leave their cubicles and workspaces in the next year, it might be harder...

Author: /time Magazine | Title: Why Unemployment Could Be Worse This Time | 11/23/2008 | See Source »

...knits.” Hadaway jokingly added that she will be “proud to be in the same graduating class as the McCarthys.” Jim McCarthy, who joined the Harvard faculty in 1974, is a professor of biological oceanography and has served since the 1980s on the United Nations Intergovernmental Panel on Climate Change, which jointly won the Nobel Peace Prize with Al Gore ’69 last year. Former HoCo co-chair and self-proclaimed Pforzheimer “House elf” Brandon P. Geller ’08 called Jim McCarthy...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: Pfoho House Masters To Leave | 11/21/2008 | See Source »

...City Council are very aware of the economic downturn overall,” Seidel said. “It is reassuring that companies on the cutting edge of technology are looking to us now.” Cambridge’s initiative to attract research began in the 1980s with the redevelopment of the city’s buildings and roads. It continues today as city councillors reconsider zoning laws in East Cambridge in order to accommodate new research facilities. “Cambridge has made a real effort to become a biotech capital of the world...

Author: NO WRITER ATTRIBUTED | Title: Pfizer Plans New Stem Cell Lab | 11/20/2008 | See Source »

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