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Word: doneness (lookup in dictionary) (lookup stats)
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With the exchange rate hovering just below 90 yen to the dollar, and having risen to 87 on Wednesday after the U.S. cut interest rates, the Bank of Japan decided on Friday to cut its benchmark rate to 0.1%. The move was done on a near unanimous vote among policy makers. However, with its overnight rate already at 0.3%, it is unclear what such a small rate cut could achieve...

Author: /time Magazine | Title: As Yen Strengthens, Japan Cuts Rates | 12/19/2008 | See Source »

...possibly climb to 85, which could trigger direct government intervention to halt the rise. Upon speculation that the lower 80s could be reached within weeks, Japan's Finance Minister Shoichi Nakagawa confirmed Thursday that Japan was prepared to intervene and sell the yen, something the Japanese government has not done since March...

Author: /time Magazine | Title: As Yen Strengthens, Japan Cuts Rates | 12/19/2008 | See Source »

...favorites was Teddy Roosevelt's "man in the arena" declaration, delivered in the Sorbonne in Paris in 1910. Its key passage: "It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive...

Author: /time Magazine | Title: In Blago's Defiance, Echoes of an Idol, Richard Nixon | 12/19/2008 | See Source »

...Snow Bunnies. The Equinox Resort in Vermont, which just completed a multimillion-dollar renovation, is offering a "Cloud 999" package: Book a three-night stay for $999 and, when you're done schussing down the nearby slopes, you can indulge in $999 in spa treatments. If you want to spend a bit more, book the "1769" package; pay $1,769 and get two nights in the Orvis Inn Suite, a facial for two, and a spa day for two, as well as complimentary breakfast. Both offers are good through Dec. 23 and from Jan. 5 to April...

Author: /time Magazine | Title: Travel News: 10 Hotel Deals You Can't Afford to Miss | 12/19/2008 | See Source »

Still, it's doubtful that al-Zaidi will be released without trial, despite the intense public pressure, merely because such public affronts to leaders are extremely rare in the Middle East and unlikely to go unpunished. Justice must not only be done but also be seen to be done, so he will probably be tried and then either released with a fine or a muted sentence, according to several parliamentarians. Few doubt that he will be convicted. "It's about what happens after the conviction," says Othman. "Al-Maliki could do something about it, then pardon him or release...

Author: /time Magazine | Title: Punishment for the Shoe Thrower Puts al-Maliki in a Spot | 12/18/2008 | See Source »

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