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...everyone is convinced the DPJ can do that. Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo, is skeptical that cutting wasteful spending and finding hidden reserves will compensate for growing expenditures; social security, for example, will need to expand by up to 1.5 trillion yen annually. "Within two years, the DPJ will have to show people a consistent way to finance additional spending," he says. "[The need for growth] has nothing to do with political ideologies. It's the reality of economic equations...
...system is unlike that of the U.S. in that there's no personnel overhaul with a change in administration. Japanese bureaucrats wield more power - sometimes even more than elected officials - and have long called the shots on everything from budget formulation to foreign policy. The DPJ has vowed to expand the power of the Prime Minister's office and the Cabinet, something pursued by previous Prime Ministers. But it's a delicate job, and one that could easily go sour. (See pictures of Japan in 1989 and Japan...
...monkish devotion to the task can slowly unravel more secrets. Wells and a colleague have already made significant progress in decoding the Harappan system of weight measurements. "What you need is to keep an open mind, form a good idea and have others break it apart and expand it," he says...
...Despite those initial barriers, the iPhone seems likely to transform the mobile-phone market in China. While smart phones occupy just 10% of the Chinese mobile market now, that will jump to as high as 30% next year, Zhang says. Apple's model may take time to expand its market share, but it has already forced wireless giants like China Mobile to react. In July the world's largest mobile carrier said it was developing its own smart phones using software based on the Android operating system and manufactured by Dell, Philips and Samsung. If you want to know...
...instance, he thinks waterboarding "was and is torture," and he wishes the Bush Administration had not permitted it. He thinks President George W. Bush should have gone to Congress sooner to get permission to expand the National Security Agency's domestic-spying program. He even frowns upon the Bush policy of indefinite detention for suspected terrorists, a policy that the Obama Administration has hinted it may continue to some degree. "It seems inconsistent with a country that prides itself on the rule of law," Ridge said on Aug. 30 in an interview with TIME. (Read "Obama's Delicate Balance...