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HAVE MANNERS IN THE BUSINESS WORLD CHANGED? There is a pseudosocial aura of equality in business now where everyone goes by his or her first name. This is faux equality. If everyone were really equal, no one would get fired...

Author: /time Magazine | Title: 10 Questions For Judith Martin | 12/2/2002 | See Source »

...Forget (for now) the banking system crippled by mountains of bad loans, a government debt equal to 130% of the nation's GDP, deflation that sucks the life from corporate profits and a stock market hovering near its lowest point since 1983. There is a more fundamental ailment undermining the world's second-largest economy: Japan's labor force is one of the most unproductive in the industrialized world. And not by a little. According to the Japan Productivity Center for Socio-Economic Development, a government-affiliated research center, Japanese laborers are 40% less efficient than Americans, 20% less efficient...

Author: /time Magazine | Title: Going Nowhere Fast | 12/2/2002 | See Source »

...absorb pain today when you can put it off until tomorrow? Walk the streets of Tokyo and there is no sense of urgency, no indication that the country has a credit rating equal to Botswana's. Part of Japan's quiet confidence comes, no doubt, from the $6 trillion in personal savings its citizens have amassed, thanks to its exceptionally high 13% household-savings rate. That totes out to $150,000 per capita, or nearly two and a half years' worth of the average worker's income per household?making it a massive, self-funded social safety net, insulating...

Author: /time Magazine | Title: Going Nowhere Fast | 12/2/2002 | See Source »

...about redeploying home equity into stocks? Stick to low-cost, broad stock-market index funds, and to get over your understandable jitters, divide the pile into six equal parts to be invested over that many months. "We recommend that no one asset account for more than 25% of your total assets, including the total value of your house," says Gary Greenbaum, a financial planner in Old Tappan, N.J. Plenty of folks live in homes worth $800,000 that they bought for $400,000 less than 10 years ago. But their stocks have shriveled. As long as overall debt remains manageable...

Author: /time Magazine | Title: Cash Out Now! | 11/25/2002 | See Source »

...untested product and no killer application. The primary benefit of 3G is, simply, speed. Data-transfer rates are about seven times those of 2G phones, and 3G is usually at least twice as fast as 2.5G. High bandwidth means 3G networks can handle more volume, all things being equal, so they are cheaper and more efficient to manage...

Author: /time Magazine | Title: 3G Glasses | 11/25/2002 | See Source »

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