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...Shirakawa has previously said that it was not the lack of liquidity in Japan's economy, but the lack of demand that is behind the economic situation. On Nov. 20, the day that Hatoyama acknowledged deflation, Shirakawa said, "We need to work on the core reason for [deflation]: weak final demand as seen in capital investment and private consumption." Economists estimate Japan's demand shortage at around $400 billion a year. (Read: "Japan's Latest Economic Ailment: Deflation...

Author: /time Magazine | Title: Why Japan's Latest Attempt to Boost Its Economy Won't Work | 12/1/2009 | See Source »

...solely on the moral imperatives of the Afghan campaign, it would be just as shortsighted for Obama to ignore them altogether. History shows that Americans are far more willing to support a war that they believe is worthy of their ideals. If Obama hopes to rally the American people behind his strategy, his speech needs to convince them that the war in Afghanistan meets that test...

Author: /time Magazine | Title: Obama at West Point: Can He Make the Moral Case? | 11/30/2009 | See Source »

...Administration insists it is still open to talks with Tehran, but behind the scenes it is stepping up its efforts to approve new sanctions at the United Nations Security Council. It is also encouraging even tougher measures among like-minded allies - the European Union may adopt new penalties in mid-December. And the U.S. Congress is moving closer to passing new sanctions legislation. "We hope Iran will see the IAEA vote as disturbing" and will change course, a senior Administration official says. But for now, he adds, "We are now working to see what sanctions might be put in place...

Author: /time Magazine | Title: Obama Tries to Increase the Pressure on Iran | 11/30/2009 | See Source »

...soul," who is "beautiful in her looks but also sly and intelligent. Is she the good-looking, charming, clean white face we see here today? Keep in mind that the girl we see is a girl that has been changed by two years in prison." (See the tough women behind the Amanda Knox case...

Author: /time Magazine | Title: Amanda Knox Murder Trial Moves Toward a Climax | 11/30/2009 | See Source »

...Probably she would have insulted Meredith," Mignini said, reconstructing the event with representatives of the U.S. embassy seated silently a few feet behind the defense table. "And she probably said, 'You are always behaving like a little saint. Now we will show you, and now we will make you have...

Author: /time Magazine | Title: Amanda Knox Murder Trial Moves Toward a Climax | 11/30/2009 | See Source »

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