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...create as many as 2 million jobs and as much as $597 billion in domestic demand over the next three years, with additional gains though 2010. The country's leaders are beginning to realize Japan is on the wrong path. Its flagship manufacturing giants have been pummeled by the crash in worldwide consumer demand. Exports fell by nearly 50% year-over-year in January and February; the economy as a whole is expected to shrink by 6.6% in 2009. "Japan must reinvent its export-driven growth model," Aso said Thursday...

Author: /time Magazine | Title: Japan Plans Another Boost to Stimulus Spending | 4/10/2009 | See Source »

SDRs were created to supplement the Bretton Woods currency regime, which was built around a dollar linked to gold. After President Richard Nixon decoupled the dollar from gold in 1971 and allowed it to float freely in currency markets, the subsequent dollar crash led to talk of establishing the SDR as global reserve currency. That faded when the high interest rates set by Federal Reserve Chairman Paul Volcker to throttle inflation lured foreigners back to the dollar in the early 1980s...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...their ownership got diluted each time they brought in a new round of investment. The second was that there's often no correlation between the assumptions in a theoretical business plan and reality. Many great business plans turned into lousy start-ups - one reason for the last dotcom crash...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

...Everyone came running. A group of five women - our saviors - pulled their truck over just past our crash. A few of them hoisted our bike into the truck bed, tied it down and piled in after it. Keirn and I climbed into the cab with the driver, who turned out to be the proprietress of one of the nicer guesthouses in town, Koh Kong Guest House (Street 1, Koh Kong; +855-16-654-171); she took us to a pharmacy before dropping us off at our hotel...

Author: /time Magazine | Title: Beyond Angkor Wat: Cambodia's Hidden Coast | 4/7/2009 | See Source »

Love, heartbreak, and moving have become popular clichés in movies, TV dramas, and novels. However, present these themes during the outbreak of the AIDS epidemic and make angels crash out of the sky, and you’ve got an epic theatrical production that explores everything from politics to romance to meteors; you’ve got “Angels in America: A Gay Fantasia on National Themes.” Tony Kushner’s two-play work is the Harvard-Radcliffe Dramatic Company’s first spring Loeb Mainstage production. While the first play...

Author: By Minji Kim, CONTRIBUTING WRITER | Title: 'Angels' Confronts Human Love, Faults | 4/3/2009 | See Source »

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