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...military coup in 2006. On the evening of Oct. 6, members of the PAD swarmed the streets around parliament in what they called their ultimate mission: stopping Somchai, who is Thaksin's brother-in-law, from delivering an inaugural policy address. Until a Prime Minister and his cabinet speak before the legislature, they cannot exercise their powers. No speech, no official government action...

Author: /time Magazine | Title: Thai Opposition Protests Heat Up | 10/7/2008 | See Source »

...parliament, and medical staff later reported that more than 100 people were injured. This included two protesters who had parts of their legs blown off by what police said were exploding tear gas canisters. A police spokesman said the action was taken to clear a road to parliament for cabinet members to attend Somchai's speech later in the day. A few days earlier, the PAD's leadership had also taken a hit when two of its founders were arrested and charged with insurrection and inciting unrest. One of those detained was PAD cofounder Chamlong Srimuang, an elderly retired general...

Author: /time Magazine | Title: Thai Opposition Protests Heat Up | 10/7/2008 | See Source »

...Instead, stimulus is quickly becoming the order of the day. Taiwan recently unveiled a $5.6 billion spending package for its sagging economy that included subsidized mortgages and new infrastructure projects. Japan's Cabinet on Sept. 29 proposed a $17 billion supplementary budget to help ease the burden of high energy and food prices on businesses. Newly installed Prime Minister Taro Aso is also calling for tax cuts to boost domestic demand. "Rebuilding the Japanese economy is an issue of utmost urgency," Aso said in his first policy speech. China, which could see its GDP growth rate fall below 10% next...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

...trade in manufacturing parts and machinery. Slower sales to the U.S. mean reduced orders up and down the supply chain. "There are people who say you can still export to the emerging economies, especially in Asia," says Jun Saito, director general at the economic research bureau for Japan's Cabinet. "But you can't rely on exports to Asia for very long." This distress was reflected in Japan's most recent Tankan index of confidence among large manufacturers of cars and electronics, which fell to its lowest level in five years...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

Yuriko Koike is a Japanese politician with an engaging manner, a fine track record as a cabinet minister, a worldly outlook and the sort of fresh approach that Japanese politics so desperately needs. None of that did her much good when she recently ran for the leadership of the ruling Liberal Democratic Party - she received just 46 ballots out of a possible 527. Why did she do so badly? Not just because of some residual male chauvinism, perhaps, but also because she was too obviously the candidate of reform, of liberalization - in other words, she was the candidate...

Author: /time Magazine | Title: American Leadership, a Casualty of the Meltdown | 10/1/2008 | See Source »

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