Word: fear
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...money evidently now trump worries of a second-dip recession. Its October and November decisions, which raised interest rates from 3% to 3.5%, are meant to keep inflation between 2% to 3% in 2010. The country's consumer price index as of September actually rose just 1.3%, but the fear is that the resurgent economy and government's $38 billion in cash handouts and infrastructure spending will push inflation above...
...Behind Hatoyama's flip-flops is contradictory advice from top aides. Some are telling him to stick to fiscal austerity to mollify voters' fear of ever-larger deficits - a public concern that could hurt the DPJ's chances of winning a majority in crucial July 2010 elections for the Diet's Upper House to accompany its newly won majority in the Lower House. But come next July, the DPJ would be hurt a lot worse at the polls by higher unemployment than a higher deficit. What Japan needs today is fiscal stimulus that stresses the DPJ program to shift Japan...
...intentions to root out insurgency, the military has been forced to make risky deals. Most civilians have fled the area of fighting in South Waziristan, enabling the army to use extensive airpower against militants without fear of collateral damage. But there are only 28,000 ground troops in an area the size of Rhode Island, fighting a well-fortified enemy that has bunkers, ammunition depots, land mines and an extensive network of caves. To prevent TTP fighters from escaping over the border to Afghanistan, the army has reached out to what it perceives to be the lesser evil - militant groups...
...Nicholson, who now works for an organization lobbying for greener health care, tells TIME he feels the decision is a victory for those pushing for corporate responsibility. "Organizations that already take sustainability seriously, they have nothing to fear from this judgment," he says. "There are so many positive reasons why companies should take steps to reduce their consumption of fossil fuels, this decision only adds to an already substantial list...
...activists fear that Kenya's leaders might revive plans for a local tribunal in a further bid to make sure the envelope's contents never become known. That could gum the works for the ICC, which can only intervene when a country's own judicial system isn't up to the task. "Odinga and Kibaki might end up supporting a tribunal as a fallback strategy," says Hassan. "Of course, the Kenyan public still has very little faith in the local process...