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Depending on the source, Japan's mythic "Lost Decade" lasted from 1989 to 2003, or sometime later if the exact bottom of the real estate market in the Asian nation is taken into account. Because the period began with easy access to capital followed by a sharp drop in the stock market and property values, it is now being compared to what many economists believe began in the US two years ago. They fear, probably with good reason, that GDP growth will simply stay in a narrow band of extremely modest growth or no growth at all and the lack...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

...Levi and his family are engaging in flat-out lies, gross exaggeration and even distortion of their relationship.' A statement released by the PALIN FAMILY, which slammed Johnston's claim that the governor probably knew he and Bristol were sleeping together; Johnston also says the family has restricted his access to infant son Tripp...

Author: /time Magazine | Title: Verbatim | 4/9/2009 | See Source »

Miley Cyrus prepared for April 3, an average workday, by reading the Bible - a few chapters of Job - and ended it by telling a ribald joke as she walked off camera at Access Hollywood. In between she had a casting session for her next movie, The Last Song, written specially for her by weepie king Nicholas Sparks; was interviewed four times; performed twice; changed outfits twice; and visited the Tonight Show's make-your-own-sundae bar once. When she left the NBC lot at 6:30 p.m., she still had to do her homework...

Author: /time Magazine | Title: Miley Cyrus Meets Hannah Montana, At the Multiplex | 4/9/2009 | See Source »

...blue-state-red-state cultural differences being played off each other, they are set in counterbalance. In Miley-the-creation and Miley-the-girl, we have someone who's cool but wholesome, sophisticated but innocent, glamorous but sweet. Her appeal crosses cultural lines and, accordingly, elicits different reactions. On Access Hollywood, a bespectacled boy gives her flowers, while a 20-something asks where she wants her first tattoo...

Author: /time Magazine | Title: Miley Cyrus Meets Hannah Montana, At the Multiplex | 4/9/2009 | See Source »

...companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua, has already hinted that Chinese buyers could have some additional clout. This rankles some of Rio's major shareholders. "It's up to Rio to convince...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

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