Word: doneness
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However, Piper Jaffray analyst Robert Napoli says it's merchants - not consumers - who will benefit from lower fees. "To suggest that American consumers could have saved $125 billion is very misleading," he says. "Interchange fees are paid by the merchant, and there have been studies done in Australia that said that consumers have not saved a penny by lowering interchange rates - that the merchants have not reduced prices...
...carjackings and break-ins are common. "Unfortunately, during my tenure, vilification of police became a national pastime," he said at a ceremony marking his departure. "Police work is not a public-relations exercise. You will make many happy and unhappy, but I take pride in what I have done...
...Minister to power to transform Japanese politics. More than anyone else over the past 20 years, Ozawa worked to bring down the Liberal Democratic Party through means both public and subtle. His opinions, such as pursuing independent foreign-policy goals rather than cleaving to the U.S. (as Tokyo has done since the end of World War II), are likely to gain traction - raising the question of how much influence he will have on policy. (See pictures of how Japan has changed in 20 years...
...politics expert and professor at Columbia University, says the Hatoyama Administration is a game changer in Japanese politics - and that Ozawa's objective has changed as well. The key question, he says: "Does Hatoyama as Prime Minister have the leadership ability to say, 'This is what needs to be done,' and insist it get done? At this point you don't want to underestimate Hatoyama's determination to make the most of the position...
Much work has to be done. Hatoyama has yet to make his first major policy speech, addressing his vision of Japan, which, says Robert Dujarric, director of the Institute of Contemporary Japanese Studies at Temple University's Japan Campus, needs to deal with "the demographic death spiral - low fertility, underemployment of female professionals, low immigration. That's the real life-and-death question for the nation...