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Greening the Future Japan has allocated $17 billion to help Asian countries with development projects to help stimulate their economies [Jan. 26]. This seemingly altruistic gesture is typical of Japan's long-term focus. They recognize that consumers in the developed countries are not going to resume their past spending patterns any time soon, despite tax cuts and rebates. But if the economies of developing countries can be grown, then their people will eventually become the replacement consumers and will buy goods produced in Japan and other hard-hit manufacturing/exporting countries. This is why it is so important...

Author: /time Magazine | Title: The Self-Purifying Trend | 2/25/2009 | See Source »

...most shovel-ready projects: holes. For example, with China’s increasing prominence in global commerce, Harvard could benefit from having the only hole that would pass through the center of the earth to China. This measure would greatly boost Harvard’s primary source of income: Asian tourists. Additional diggers could make large holes camouflaged with leaves and twigs to catch Allston’s indigenous bears, which Harvard could then domesticate and train, producing the next generation of TFs and Dorm Crew captains. 2. Harvard can also use the Allston expansion to address Harvard students?...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: May We Stimulate Your Expansion? | 2/24/2009 | See Source »

...chair of the county's Republican Party. Tall and a bit brawny, Steele took the dais, dressed in a gray suit and a pink tie. "They told me this was Barack Country," he told the overwhelmingly white crowd of roughly 700 (there was a handful of blacks and South Asians), inciting a mixture of applause and boos. He acknowledged that in the last election cycle, "We got our clocks cleaned. We got, as my momma said, 'a good old-fashioned whoopin',' and we deserved it," mainly because, he contended, the party had veered from its 1994 contract with America. (After...

Author: /time Magazine | Title: Can Michael Steele Broaden the Grand Old Party? | 2/24/2009 | See Source »

...around the world roll out trillions of dollars in stimulus spending to combat the global recession, debate is raging over whether the flood of money will provide much more than a short-term economic boost and whether much of the cash will ultimately be wasted. Vietnam, which like most Asian countries is being hammered by the downturn, is discovering that even the most direct form of stimulus spending - cash giveaways to citizens - can wind up in the wrong hands...

Author: /time Magazine | Title: Corruption Undermines Vietnam's Stimulus Program | 2/23/2009 | See Source »

Chief among his alleged Asian possessions is the $5.7 million house purchased last year in this remote development, perched beneath a hilly copse of trees in Hong Kong's verdant New Territories. An agitated guard stationed by JC Castle's iron-gated entrance told TIME there was no such house; she was contradicted by a superior who said its occupants had left strict instructions not to be disturbed by visitors. When two Sunday Times journalists approached the compound to photograph the villa last week, they were reportedly assaulted by three African guards and had to receive medical treatment. This attack...

Author: /time Magazine | Title: Mugabe's Home Away from Zimbabwe: Hong Kong? | 2/23/2009 | See Source »

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