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...Shirakawa has previously said that it was not the lack of liquidity in Japan's economy, but the lack of demand that is behind the economic situation. On Nov. 20, the day that Hatoyama acknowledged deflation, Shirakawa said, "We need to work on the core reason for [deflation]: weak final demand as seen in capital investment and private consumption." Economists estimate Japan's demand shortage at around $400 billion a year. (Read: "Japan's Latest Economic Ailment: Deflation...

Author: /time Magazine | Title: Why Japan's Latest Attempt to Boost Its Economy Won't Work | 12/1/2009 | See Source »

...American Academy of Motion Picture Arts and Sciences will narrow down the candidate documentaries to three to five final nominations in February...

Author: By Amira Abulafi, CONTRIBUTING WRITER | Title: Deol’s Film On Oscar Shortlist | 12/1/2009 | See Source »

...successful in securing an agreement to shut down Chernobyl Unit No. 3 - the final part of the plant to be shut down after several accidents - as chairman of the G-7 Nuclear Safety Group...

Author: /time Magazine | Title: Yukiya Amano, the IAEA's New Nuclear Watchdog | 11/30/2009 | See Source »

Lawyers in Italy have now fired their best shots at Amanda Knox, the Seattle exchange student accused of killing her British roommate, explaining the murder of Meredith Kercher in terms of saint vs. sinner. In final arguments, Perugia's public prosecutor Giuliano Mignini said the American slit her roommate's throat on the night of Nov. 1, 2007, driven by sexual desire and alpha-female competitiveness. Asking for a life sentence with nine months' isolation, Mignini said "La Knox" wanted a sex "game" and used her feminine wiles to manipulate two besotted young men - one of whom is already convicted...

Author: /time Magazine | Title: Amanda Knox Murder Trial Moves Toward a Climax | 11/30/2009 | See Source »

...they have never been able to erase what remains the most critical piece of evidence against Knox: her own words. During police questioning four days after the murder, she broke down in tears and said she thought she might have been inside the house listening to her friend's final screams. She also falsely accused her boss, a bar owner, of the killing. She wrote that version of events down after first describing it but has since said she invented it after police physically and verbally abused her. The Italian prosecutor filed defamation charges against her family last week...

Author: /time Magazine | Title: Amanda Knox Murder Trial Moves Toward a Climax | 11/30/2009 | See Source »

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