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With Japan's recession deepening, the country's central bank could intervene in currency markets for the first time since 2004, in a bid to prevent further appreciation of the yen - a rise that is hammering Japan's export-driven businesses...

Author: /time Magazine | Title: Why the Yen Is Killing Japan Inc. | 1/7/2009 | See Source »

...whole series of lessons now, like you don't want to create shadow banking systems without enough capital. The idea that we should do nothing about bubbles because of this Greenspan notion that we can never figure out the difference between an asset-price increase that is fundamentally driven vs. one that's a bubble, I think, has been completely discredited. Everyone now says we should act preemptively against bubbles...

Author: /time Magazine | Title: Q&A: Lessons from the Great Depression | 1/6/2009 | See Source »

...negotiations with [various governmental offices], and we expect to have more avenues for community input on the situation before it reaches a resolution.” He added that the closing of the Oliver Farnum Center was an issue of “utilization” and not driven by the governor’s emergency budget cuts in October.“If you look at who was using [the center], it mostly wasn’t seniors. It was our least profitable center, and there’s another similar one less than 2,000 feet away...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: CHA Budget Comes Under City Scrutiny | 1/4/2009 | See Source »

...corruption that she said "was everywhere you look," his support for Zimbabwean dictator Robert Mugabe ("so distressing") and the black empowerment program which, while intended to help those discriminated against under apartheid, has, she claimed, succeeded only in making a few of the politically connected very rich, and had "driven one million white South Africans out of the country, skilled people we needed...

Author: /time Magazine | Title: Appreciation: Anti-Apartheid Icon Helen Suzman | 1/4/2009 | See Source »

Much of America's news in recent months has been dominated by the gravest economic and financial crisis in decades. But parts of this region continue to experience an economic boom mainly driven by recovery efforts related to Hurricane Katrina. Just last week, the University of New Orleans published a report estimating that 11,700 jobs were added across metropolitan New Orleans between the third quarters of 2007 and 2008, a 2.3% increase. Much of that growth came from the construction industry, which experienced a 6.2% gain in jobs driven by massive bridge, road and school projects. That compares with...

Author: /time Magazine | Title: Still Waiting for the Recession in New Orleans | 1/2/2009 | See Source »

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