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After Japan's frustrated voters handed power to the Democratic Party of Japan (DPJ) in the Aug. 30 parliamentary election, many had hopes that the country's new leaders would begin to solve some of the country's intractable economic problems. Among other popular proposals, the new government, led by Prime Minister Yukio Hatoyama, vowed to provide more government assistance for families to promote consumer spending while simultaneously taming the country's ballooning debt, which at nearly 200% of GDP is the highest among rich nations...

Author: /time Magazine | Title: Hatoyama's Challenge in Japan | 11/9/2009 | See Source »

...complaints had all but vanished, however, by 1945, when V-J day prompted the most lavish ticker-tape parade in history. Revelers celebrating the Allied victory over Japan filled the air with cloth, feathers, hat trimmings, paper and confetti. On Aug. 14, 1945, 3,000 street sweepers worked through the night to clean it up, only to have their efforts undone when the merriment continued the next morning. All told, merrymakers flung 5,438 tons of material on New York City's streets...

Author: /time Magazine | Title: Ticker-Tape Parades | 11/6/2009 | See Source »

...Afghanistan's presidential election is over. Former Foreign Minister Abdullah Abdullah withdrew from a runoff scheduled for Nov. 7, prompting the Independent Election Commission to declare incumbent Hamid Karzai the winner by default. But it's by no means an unalloyed victory for Karzai. Allegations of fraud in the Aug. 20 vote, coupled with long-standing concerns over corruption in his administration, have undermined his credibility. Abdullah, Karzai's closest challenger, said the election process was so flawed that it wasn't worth participating in. He later said he had no intention of joining a coalition with Karzai, calling...

Author: /time Magazine | Title: The World | 11/5/2009 | See Source »

...other in 2005, and for my daughters to be encouraged by me to gain master's degrees - for him to suggest that I somehow don't support women in the workplace is insulting." - In response to attacks by his Democratic opponent, Creigh Deeds, on his controversial thesis (ABC News, Aug...

Author: /time Magazine | Title: Virginia Governor-Elect Bob McDonnell | 11/4/2009 | See Source »

...There is a just a massive effort underway to rebrand Bob McDonnell, and his whole legislative career speaks otherwise. The voters have a right to know who these candidates really are." - Former Virginia delegate Barnie K. Day, who supports Deeds, on McDonnell's conservative record.(Washington Post, Aug...

Author: /time Magazine | Title: Virginia Governor-Elect Bob McDonnell | 11/4/2009 | See Source »

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