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Much of today's deflation anxiety results from keen awareness of the Japanese experience of the 1990s. Indeed, New York Federal Reserve governor and vice chairman of the Federal Open Market Committee Timothy Geithner was Treasury attaché in the Tokyo embassy for the first half of that decade. That...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

The good news is that in the U.S. now, as Richard Berner, chief U.S. economist for Morgan Stanley, writes, "The ultimate bastion of defense against deflation is a Fed committed to avoid it at all costs." And that's what we have. Study of the Japanese experience became something of...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

The morning after John McCain's defeat, Mark Salter, McCain's closest aide and biographer, sipped coffee in the courtyard of the Biltmore Resort and Spa while explaining why the national political press had assisted Barack Obama. "On top of everything, we had a thumb on the scale," he said...

Author: /time Magazine | Title: McCain Aide Mark Salter Reflects on the Defeat | 11/5/2008 | See Source »

Absolutely. That's why I talk about the double-standard in coverage. In the beginning, McCain did not really come out swinging against Obama. Obama, from the North Carolina primary until yesterday, never gave a speech in this country in which it wasn't a full on assault on McCain...

Author: /time Magazine | Title: Exit Interview with Top McCain Aide Mark Salter | 11/5/2008 | See Source »

Nuñez also rejects the idea that bin Laden Jr. has cause to hope to win the support of his countrymen in Spain. Saudis do have considerable influence among Spain's Muslim community, since they have financed a number of mosques, including Madrid's huge Islamic Cultural Center, and...

Author: /time Magazine | Title: Bin Laden's Son Loses Political Asylum Bid in Spain | 11/5/2008 | See Source »

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