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...stab at stimulus includes annual cash handouts to families with children of $3,350 per child, free high school education, the elimination of highway tolls and a four-year freeze on Japan's 5% consumption tax. A balanced budget is out of the question for now, but the DPJ says it can help pay for additional programs by cutting $97.8 billion in "wasteful" government outlays...
...China's growing influence in Asia, but also to grab a greater share of fast-growing Asian markets. "Japan can benefit from high Asian growth rates even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian economies, including China, can be facilitated by participating in regional free-trade agreements; in particular, Japan could win more friends by opening up its agricultural sector to cheap food from overseas in exchange for greater access to Asian markets for its higher-margin goods. "If Japan accepts more agricultural imports, then it will have closer relations and trade volume will rise...
...green evangelist, Chu has chosen global warming as his theme to inspire America to move forward on his true quest - for the achievement of clean, abundant and cheap energy produced in and for America. This kind of energy will free us from our dependence on foreign oil and encourage venture capital to create new technologies that will in turn generate jobs. Climate change addressed in this way will not require sacrifices by Americans but will open a new chapter of American prosperity. W. Philip Schirm, Los Gatos, Calif...
...talisman of People Power. Weeks after the funeral, yellow banners and tarpaulins bearing her picture and name still line the streets of Manila. I wasn't even born when she ascended to power, but I know I wake up to her legacy every single morning. I wake up free. Michelle D. Ong, Quezon City, The Philippines
Genetically modified cottonseeds will need government approval before they hit grocery shelves, and they're more likely to be used first to supplement fish or animal feed. But with the global population still on the rise and farmland limited, the planet can use free protein. And you might even like it. "It's not bad," says Rathore, who has popped a few seeds. "Tastes like chickpeas...