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...implemented by a party criticized for its lack of unity and common ideology, not to mention experience: 46% of the incoming crop of DPJ members are first-time parliamentarians. But public impatience with politics as usual has boiled over; the DPJ's novices would be well advised to follow Hatoyama's lead and start hustling. Below, we've pinpointed five areas on which the new ruling party should focus to get the nation on track. The clock is running...
Entering her freshman season, standout basketball recruit Jasmine Evans hoped to follow the advice of her coach and provide a defensive presence that would help the Harvard women’s basketball team regain its position atop the Ivy League...
...That means other member states are likely to follow France's lead and embrace a new tax, Egenhofer says. Sweden, current holder of the E.U.'s rotating presidency, wants to see the tax policy expanded across the region. With voters everywhere bracing for fiscal belt-tightening, this just might be the best time to push a new tax through. - With reporting by Bryan Walsh / New York
India's stock market rally seems to have run out of steam, if results of recent initial public stock offerings are any indication. A spate of companies rushing to raise capital in recent weeks has resulted in big names trading below listing prices and some follow-on offerings struggling to find enough investors...
...disappointing results follow a strong rebound by the market since May, after a decisive general-election victory by India's Congress Party boosted investors' hopes that the ruling coalition government would have the votes to push through key financial sector reforms and privatization. From May through Sept. 9, the Bombay Stock Exchange's benchmark Sensex index rose 42%, bouncing back from a 52% decline in 2008. As stocks revived, so did India's moribund IPO market. Since May, eight companies have raised about $2.5 billion in initial offerings; there was just one IPO in the first five months...