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But economists and analysts worry that the dearth of consumer confidence, despite a low unemployment rate of about 4%, could weigh heavily in the long run. "A negative view of the world is more ingrained here," says Schuster. "People are more prepared to think that this downturn will last." Shirakawa...

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

"We don't speak Dutch, but we think the name means cute," says Kuala Lumpur native Jenny Chong, 32, who, along with friends (and former McCann Erickson advertising-agency colleagues) Jessy Yap and Samantha Wong, both 26, runs Mooie, the funkiest fashion destination in the Malaysian capital. On display is...

Author: /time Magazine | Title: Malaysian Fusion | 11/17/2008 | See Source »

Few people would question whether former University President Lawrence H. Summers has the brains to be President-elect Barack Obama’s Treasury Secretary—after all, he held the same position in the Clinton administration.But when post-election rumors that Obama would tap Summers for the post...

Author: By Lauren D. Kiel and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Professors: University Past Shouldn't Follow Summers' Political Future | 11/17/2008 | See Source »

Roughly 2.3 million public school teachers in the U.S. have tenure - a perk reserved for the noblest of professions (professors and judges also enjoy such rights). The problem with tenure, Rhee and other critics say, is that it inadvertently protects incompetent teachers from being fired. The Teach for America alumna...

Author: /time Magazine | Title: Tenure | 11/17/2008 | See Source »

It's not just lobbyist row on Washington's K Street that is resounding these days with recriminations over the aimless failure of a grand political party. In France last weekend, the once venerable Socialist Party gathered in the northeastern city of Reims, the world capital of Champagne, in what...

Author: /time Magazine | Title: France's Left Tries to Find Its Way Against Sarkozy | 11/17/2008 | See Source »

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