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...official. On Nov. 17, Japan's government declared that the second largest economy in the world had slipped into recession for the first time since 2001. The Cabinet office of Prime Minister Taro Aso said that gross domestic product had contracted at an annual rate of 0.4% in the three months up to September, its second consecutive quarter of negative growth...

Author: /time Magazine | Title: Why Japan Has Slipped Into Recession | 11/18/2008 | See Source »

...South Africa have inured us to many things [Last Stand, Nov. 10], not least of which is the uncontrollable level of crime. If Alaskan Senator Ted Stevens is looking for a home, South Africa is just the place for him. And he will be a shoo-in for a Cabinet post. After all, a criminal record (preferably something fraudulent or involving corruption, the national pastime) is common in the top echelons. Recently, the very MPs implicated in defrauding the people of South Africa through an elaborate travel-voucher scam we call Travelgate (about 40 of them) voted to eliminate...

Author: /time Magazine | Title: America and Change | 11/17/2008 | See Source »

After months of thorny back-and-forth negotiations, several revisions and much hand-wringing, the Iraqi Cabinet on Sunday finally approved the contentious Status of Forces Agreement (SOFA), which provides a legal basis for U.S. military operations to continue in Iraq after Dec. 31, when the U.N. mandate expires. But it's too early to pop the champagne. The bilateral U.S.-Iraqi security pact is by no means a done deal: it must still be ratified by a fractured parliament. The Cabinet vote had only one nay to 27 ayes, but nine Cabinet members chose to withdraw from the final...

Author: /time Magazine | Title: A Step Toward Keeping US Troops in Iraq | 11/16/2008 | See Source »

...Sunnis have emerged as the main sticking point. Of the six present in the 37-member Cabinet, three stayed away from Sunday's vote, two grudgingly gave their conditional approval and one - the Minister for Women's Affairs, Dr. Nawal al-Samarrei - voted against the measure because it did not agree to put the pact to a referendum, a key demand of the Tawafuk Front. The front is the largest Sunni parliamentary bloc with 44 of the legislature's 275 seats. "If Tawafuk says no, that means the Sunnis say no," said party spokesman Omar Almashhadani. "We prefer that...

Author: /time Magazine | Title: A Step Toward Keeping US Troops in Iraq | 11/16/2008 | See Source »

Collector's Cabinet, Part 2. Los Angeles's LACMA has Hearst the Collector on view. Immortalized in Orson Welles' Citizen Kane, the newspaper publisher William Randolph Hearst was said to have provided 25% of the art on the market in the 1920s and '30s. The LACMA collection includes 17th-century armor and tapestries, as well as Hearst's sculpture and paintings. Through Feb. 1, 2009. 5905 Wilshire Boulevard, Los Angeles...

Author: /time Magazine | Title: Travel News: Teeny, Tiny NYC Hotel Rooms for $99 | 11/14/2008 | See Source »

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