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...Development (OECD) projects that 2009 GDP will grow 0.1% in Japan, compared with 0.9% in the U.S. and 0.5% across the Eurozone. "Financial-debt-to-GDP ratio is an advantage, and debt in the private sector has not increased, unlike in the U.S. and European countries," says Hiromichi Shirakawa, chief economist at Credit Suisse Japan. "The economy is less vulnerable." Nevertheless, he says, Japan is not an island: nothing points to an economic recovery in Japan unless the global economy picks up. According to Andreas Schuster, head of research at CLSA, a private-equity firm based in Hong Kong...
...with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan chief economist Junko Nishioka says that over the past two months, she has grown increasingly pessimistic. She sees Japan recording at least two years of negative growth, the first time that has happened since the property and banking bubbles burst in the late 1980s, leading to Japan's so-called Lost...
...surprising that Yang is stepping down as chief executive of Yahoo! His failure in June to accept an offer from Microsoft that would have paid stockholders $33 a share was the coup de schnook. So why didn't the board of directors oust him by Labor Day? Yes, there was the wrath of Carl Icahn, the proxy fight, the settlement that resulted in a reconstituted board. But that circus was all over and done with by July...
...only real winner here is and always was Google. (It remains to be seen whether Microsoft will strike a deal with the next Yahoo! in Chief.) While I'm not suggesting that Google CEO Eric Schmidt was dissembling when he said in March that he was concerned about a Microsoft-Yahoo! deal, and I'm sure his motives were pure when he tried to broker his own deal to partner with Yahoo!, let's not forget that Google was once more competitive with Yahoo! than it was with Microsoft. That is, Google's search engine and subsequent targeted-ad strategy...
...study's findings come as no shock, says Dr. Norman Edelman, chief medical officer for the American Lung Association. The symptoms of wheezing and shortness of breath, which frequently get confused for asthma, may signal a host of other health problems, including the a respiratory infection, chronic obstructive pulmonary disorder, anxiety and congestive heart failure. In fact, congestive heart failure is so often misdiagnosed as asthma that lung experts often refer to it as "cardiac asthma," Edelman says. "All that wheezes is not asthma...