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...After an initial period of shock, complete paralysis gripped policymakers-and for an agonizingly long period the economy contracted. The initial policy reflex to raise interest rates, curb investment and dampen consumption rendered a dire situation worse, just as similar Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond...

Author: /time Magazine | Title: It's Morning in Japan | 3/12/2006 | See Source »

McLoughlin is quick to point out, however, that there will be a lot more to Hilles’ sound proofing than clapboard and paint. Sound-absorbing material in the walls and carpeted flooring will dampen normal conversation, he says, and white noise generators should cancel out the din of Salient editorial meetings. I expect that if one were to shout at the top of his lungs he would be overheard, but for the most part, organizations’ conversations will be confidential...

Author: By Adam Goldenberg | Title: A Space of Their Own | 2/24/2006 | See Source »

Very early on in his presidency, Bok became widely known as a “crisis solver,” according to a May 1972 Crimson editorial. But, as he attempted to dampen the campus conflicts in the early 1970s, some observers felt that Bok did not address the University’s problems head...

Author: By Daniel J. T. Schuker, CRIMSON STAFF WRITER | Title: In Encore, Bok Faces Familiar Challenges | 2/22/2006 | See Source »

...with dissidents.I’d like to be satiated by an intellectual discourse over the cartoon jihad, to have people who know more than I do brought together on a stage to discuss and debate the issue. Yet, a look at the posterboards last week was enough to dampen that hope.Advertised were the following: a three-week study group on “the Military in American Democracy,” an Elaine Scarry speech in the “Age of Terror” series, a Harvard Law School panel called “Detention, Rendition, and Torture...

Author: By Travis R. Kavulla, | Title: Silences That Speak Volumes | 2/13/2006 | See Source »

...famous 1981 tax-reduction plan, but it continued to grow when Reagan raised taxes in 1982 and '83. And how to explain the economic boom of the 1990s? Bill Clinton's tax increases for the wealthy, which were smaller proportionally than Reagan's, certainly didn't seem to dampen the irrational exuberance of the wealthy...

Author: /time Magazine | Title: A Bush Without Boldness | 2/5/2006 | See Source »

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