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Dates: during 2000-2009
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...third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines the value of American currency vs. the yen - and a stronger yen is bad news for Japan. It makes the country's exports more expensive, curtailing economic growth. Credit Suisse's Shirakawa believes the chances of the BOJ returning to a zero...

Author: /time Magazine | Title: Will the Fed's Rate Cut Help? The Japan Lesson | 10/30/2008 | See Source »

...Wood, there are only a few authors, such at Tolstoy or Shakespeare, who “have something freakish about their ability to create galleries of characters not like themselves.” But, Wood added, though other writers portray “essentially flat” characters with fewer dimensions, they are deftly rendered and equally as effective. Wood said he was motivated to write his latest book by the students in the MFA classes he teaches at Colombia, as well as a rift that he sees in American literature between different views of characterization. Wood said he designed...

Author: By Teresa M. Cotsirilos, CONTRIBUTING WRITER | Title: James Wood Explains 'How Fiction Works' | 10/29/2008 | See Source »

...market peaked on September 3, 1929. Steel production was down, several banks had failed, and fewer homes were being built, but few paid attention - the Dow stood at 381.17, up 27% from the previous year. Over the next few weeks, however, prices began to move downward. And the lower they fell, the faster they picked up speed...

Author: /time Magazine | Title: The Crash of 1929 | 10/29/2008 | See Source »

...relief of some in Obama's camp, an operation that runs on discipline, there have been fewer lampoonable episodes than many had expected when Obama tapped the man who had famously described him as "articulate and bright and clean and a nice-looking guy." Whereas McCain's pick of a running mate was a big move aimed at jolting the race, Obama had hoped instead to bolster his foreign policy credentials, give him a second chance with white Catholics and, above all, do no harm. And though some Obama allies had qualms about Biden's tendency...

Author: /time Magazine | Title: Hidin' Biden: Reining In a Voluble No. 2 | 10/29/2008 | See Source »

...there are other possible explanations for the missing opium. While fewer people in Europe and the U.S. use heroin - cocaine is much more popular among young drug users - heroin addiction is a growing problem in Russia and China. The spokesman for the British law-enforcement agency believes that the missing opium could be making its way to these growing markets, which may not yet be showing up on U.N. drug-consumption figures. "Some of the missing opium might also be lost during smuggling or processing, or be stashed everywhere from Kandahar to Turkey - even Western Europe," says Paul Smyth, head...

Author: /time Magazine | Title: Is the Taliban Stockpiling Opium? And If So, Why? | 10/29/2008 | See Source »

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