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...personnel costs and the upkeep of government offices, in order to realize its campaign promises over the next four years. Those promises include cash handouts to families with children, free high school education, free highways, a four-year freeze on consumption tax (now at 5%) and a curbing of bond issuances. The DPJ must deliver on its promises without increasing the level of deficit financing "to demonstrate that they're fiscally responsible," says Gerald Curtis, a Japanese-politics expert and professor at Columbia University...

Author: /time Magazine | Title: Japan's Government: Five Ways to Fix the Economy | 9/1/2009 | See Source »

...still in many places just a statistic. It's over 1 billion people still lag significantly behind their Western counterparts in the prosperity stakes. The Chinese workforce is diligent and frugal, which contributes to this economic development. The question is, For how long can 10% growth be sustainable? Andrew Bond, Chiang Mai, Thailand...

Author: /time Magazine | Title: Inbox | 8/31/2009 | See Source »

With so little time, and an overwhelming number of classmates to bond with, freshmen might find themselves shortening introductions to the point of absurdity. “Hi, I’m Laura. I live in Canaday. I’m from Colorado, and I plan on—.” That’s right; you newcomers might never find out what Laura’s prospective concentration is. And how do you plan to survive at Harvard without knowing that? What if she was planning on concentrating in Government too!? You could have been friends! Now what...

Author: By The Crimson Staff | Title: There's No Time To Read This | 8/31/2009 | See Source »

...order to borrow $74 million from Citibank, he wired the money back. A nice try, but not one that would stave off his arrest. Authorities arrested Nemazee on Aug. 25, shortly before he left on a European vacation. He was charged with bank fraud, released on a $25 million bond and placed under house arrest in his New York City apartment. Nemazee, who raised money for both Hillary Clinton and Barack Obama in the 2008 election, faces a prison sentence of up to 30 years...

Author: /time Magazine | Title: Democratic Fundraiser Hassan Nemazee | 8/27/2009 | See Source »

...delivered a letter from him to Pope Benedict XVI and asked that the Pontiff pray for him. Kennedy finished his memoirs. He soaked up honors and awards. He gathered the family and led the prayers two weeks ago when Eunice died. "It's been a chance for us to bond and be together and share a special time together," said his son Patrick of the final days. "That's a big gift. [It] let us have the chance to tell him how much we love him." Kennedy's wife Vicki, his children and step-children were all with...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

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