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...modern U.S. look prudent. The stock market took off into the stratosphere, and property prices got so out of control that it was said the land on which the Imperial Palace sat in the center of Tokyo was worth more than the whole of California. Then the bubble burst, banks found that their balance sheets were full of bad loans, and Japan entered a lost decade of stagnant economic growth. Nearly 20 years after its peak in December 1989, when the Nikkei index nearly hit 39,000, the stock market has never come close to recovering. The Nikkei recently touched...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...Early, Act Often After the bubble burst, Japan's powerful bureaucrats, who had earned a reputation for brilliance in the 1980s, dithered for years. In the face of slumping demand and price deflation, they cut interest rates too slowly, delayed a fiscal stimulus and failed to restructure so-called zombie banks, whose bad loans made them dead in all but name...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...Crimson burst out of the gate with an 11-0-0 start and a meteoric rise to the top of the national rankings. After a setback against New Hampshire, Harvard rolled again, sweeping the Beanpot, ECAC Regular Season, and ECAC Tournament titles while going undefeated for the rest of the regular season and through the first round of the NCAA tourney. Current tri-captain Sarah Vaillancourt, always respected for her uncanny scoring abilities, became an all-around juggernaut, tallying 26 goals and 36 assists while terrorizing opponents on defense in a transcendent campaign...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AMOR PERFECT UNION: Hockey Season Lacks Luster | 3/11/2009 | See Source »

...Fuckbook” grinds 11 more of the band’s favorite numbers—would-be garage and glam-rock hits—into a uniformly chunky, fuzzed-out pulp.All reduction aside, these songs sound pretty much the same. Every track is a short, rambunctious burst of unchained lo-fi energy that squeals and stomps from start to finish. But that’s the point. High points include a murky rendition of the Electric Eels’ “Accident,” filled out with sloppy, half-improvised guitar solos and plenty of feedback...

Author: By Ryan J. Meehan, CRIMSON STAFF WRITER | Title: Condo Fucks | 3/11/2009 | See Source »

...school shootings in Germany in the recent past. In 2002, 19-year-old Robert Steinh?user killed 12 teachers, a school secretary, two students and a policeman in a shooting spree that began in his one-time high school, Gutenberg Gymnasium, in Erfurt. In 2006, an 18-year-old burst into his former school in Emsdetten in Western Germany, shooting and wounding at least 11 children before committing suicide...

Author: /time Magazine | Title: Germany Reels from Deadly School Shooting | 3/11/2009 | See Source »

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