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...years isn't a mere recession, and the rising sun doesn't inevitably follow the dark of night. "Everybody's afraid because we know we are getting poorer, day by day," says Yoshiharu Nakashima, who ought to know: he's a pawn-shop owner in Tokyo's Ueno district. When U.S. President George W. Bush visits next week, he'll undoubtedly spend some backroom time telling the Japanese to get their acts together. His host will be Prime Minister Junichiro Koizumi, who achieved rock-star popularity by promising to do just that, but whose public support vanished this month when...

Author: /time Magazine | Title: The Sun Also Sets | 2/18/2002 | See Source »

...Japanese are now shopping at second-hand stores; residents in upper-class districts comb through their neighbors' trash for used furniture. Potential entrepreneurs, the Akio Moritas of the future, are doomed to remain dreamers: the banking system is so swamped with the remembrance of debts past it doesn't have the money - or will - to help new businesses get off the drawing board. For the first time since the end of WW II, Japan is facing the concept of personal and corporate obsolescence. "We hope this is the bottom, but who really knows?" asks Masayuki Watanabe, a 48-year...

Author: /time Magazine | Title: The Sun Also Sets | 2/18/2002 | See Source »

...narrow 17th and 18th century Presqu'île, or peninsula, between the Saône and the Rhône. On the left is the smaller hill of Croix-Rousse, the 19th century silk worker's center, and beyond the Rhône the 20th century business district of Part-Dieu...

Author: /time Magazine | Title: Built to Be Beautiful | 2/18/2002 | See Source »

...copy a show for yourself on the VCR, "it's not O.K. to start sending it around and file sharing," warns Jack Valenti, CEO of the Motion Picture Association of America. The first legal face-off begins March 4 with a hearing on the Morpheus case in federal district court in Los Angeles. The Replay trial is scheduled for August...

Author: /time Magazine | Title: The Pirates of Prime Time | 2/16/2002 | See Source »

...then use the dog to demonstrate the power of my new chainsaw. If I were to perpetrate such a heinous act, I would be brought to court and would face criminal charges. The dog’s interests, then, would be represented in court by the district attorney. Now, if a dog has the right to be represented by a human, how much more right does an unborn human have to be represented similarly? According to some, they do not have this right at all. In their opinion, unborn humans are less valuable than dogs. But we must remember that...

Author: By Kevin R. Pilkiewicz, | Title: Precious Feet of the Unborn | 2/14/2002 | See Source »

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