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...European stock bubbles have popped, Western economies are feeling similar pressures. August inflation in the U.S. was only 1.8% and in Germany only 1%, both dangerously low. Yet central banks continue to base their policies on avoiding high inflation. They may be waking up to the risk. The Fed's own analysts say banks must slash rates early, providing stimulus before deflation sets in; Japan's mistake wasn't cutting rates to zero, but waiting too long to do it. Last week two Fed members uncharacteristically dissented when the bank refused to drop rates below their 30-year...

Author: /time Magazine | Title: Time to Break a Lance on Deflation? | 9/29/2002 | See Source »

...more efficient at thermogenesis than others. Researchers led by Dr. Bradford Lowell at Beth Israel Deaconess Medical Center in Boston last month pinpointed three genes that may account for at least some of that variation. Mice that lack the genes, they reported in Science, grow grossly obese when fed a high-calorie diet enriched with fat and sucrose. By contrast, normal mice fed the same diet gain very modest amounts of weight...

Author: /time Magazine | Title: Cracking the Fat Riddle | 9/2/2002 | See Source »

...They merely set up a susceptibility to gaining weight under certain conditions--and without question, those conditions are now ubiquitous. In essence, says Dr. Walter Willett of the Harvard School of Public Health, sedentary lifestyles and a cornucopia of food have transformed people into the equivalent of corn-fed cattle confined in pens. "We have created the great American feedlot," he says...

Author: /time Magazine | Title: Cracking the Fat Riddle | 9/2/2002 | See Source »

...episodes are not perfect--a storyline about a Native American protest over Columbus Day is uncharacteristically heavy-handed in airing Italian-American and other ethnic grievances. But they are close enough. Chase says he already knows how he plans to end the series, and the looming fed investigation and conflicts with the New York Mafia point toward a climactic showdown. But even as the cordon tightens around Tony, the show's emotional range expands. For all its flashy violence, it has become a work of aching sadness and irony about people who can't say what they feel...

Author: /time Magazine | Title: Television: Back In Business | 9/2/2002 | See Source »

...Yunfen's father was one of its many victims. In 1941, the 25-year-old soldier from Heilongjiang province vanished after falling into Japanese hands. A Japanese officer told Zhu's family that prison guards had fed him alive to their German shepherd dogs. It seemed plausible, but the lack of proof weighed on the family for decades. Last year, a long-overlooked cache of half-burned Japanese documents discovered in Changchun, Jilin province, revealed that her father had been captured while delivering intelligence on Japanese troop positions to Russian officers. He died at Unit 731. Now 62 years...

Author: /time Magazine | Title: Black Death | 9/2/2002 | See Source »

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