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...leads to asset deflation and that leads to further deterioration, then that will lead to the collapse of the economy," says JPMorgan Securities chief economist Masaaki Kanno. Deflation has periodically plagued the Japanese economy for the last 15 years, ever since a spectacular asset bubble burst in the early 1990s. One of the country's revered economic figures is Korekiyo Takahashi, a former prime minister and finance minister who is credited with reining in raging deflation in the early 1930s, sooner than the U.S. was able to fend...

Author: /time Magazine | Title: Japan's Latest Economic Ailment: Deflation | 11/20/2009 | See Source »

...Before then, Sub-Saharan Africa hadn't made much of an impression on the global soccer stage beyond the occasional embarrassing episode, such as when a Zaire defender tried to pre-empt a Brazil free kick by booting the ball away in the 1974 tournament. But since the early 1990s, the stature of African football has only grown: top African players are now superstars in the world's flashiest leagues, while players of African descent are increasingly competing for spots on Europe's best national teams, including once homogeneous squads like those of Germany and Italy. The continent...

Author: /time Magazine | Title: Five Reasons to Look Forward to the 2010 World Cup | 11/19/2009 | See Source »

...young student in the 1960s, and I was a reformer as a mayor. I cut taxes, limited the size of government, worked in partnership with the business community, and was very tough on crime. I took over a city that was dead and dying in the early 1990s and saw revitalization by the principles that I used, which were clearly consistent with Republican principles...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: In Interview, Coleman Says He Has ‘No Regrets’ About Election Recounts | 11/18/2009 | See Source »

This activity, General Kim said, began during the severe famine in the mid-1990s and grew due to popular recognition that citizens could not rely on the government to sustain them...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: General Rebukes Kim Jong Il | 11/18/2009 | See Source »

...White, says he has wanted to make this kind of film for years. In the 1980s, he had prepared to go undercover as a black man in South Africa, but then Nelson Mandela was suddenly freed, apartheid came to an end and his mission lost its purpose. In the 1990s, he wanted to join African refugees who were trying to sneak their way into Europe, but he couldn't find a trafficker who would take him on. (See pictures of the French cracking down on migrants...

Author: /time Magazine | Title: Blackface Filmmaker Sparks a Race Debate in Germany | 11/18/2009 | See Source »

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