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...Perpetuating the family business doesn't get at the real challenges facing Japan. But rather than combat the country's complex problems - stagnating wages, a widening income gap, a shifting global balance of power - many politicians seem intent on replaying ancient political battles. And it's not just a Bush here or a Kennedy there: roughly one-third of Japan's sitting parliamentarians come from political nobility. Hereditary leadership doesn't just plague the LDP, which has ruled Japan virtually uninterrupted for half a century, but opposition parties as well. Ichiro Ozawa, the head of the Democratic Party of Japan...

Author: /time Magazine | Title: Heirs Apparent | 9/20/2007 | See Source »

...Jersey," says Stuart Altman, an economist and professor of national health policy at Brandeis and a longtime policy adviser on health care. The state recently revealed that it faces a $58 billion shortfall in funding for retiree health care, even larger than GM's. To meet that gap, New Jersey has asked retirees to pay more in premiums, but the state may eventually have to scale back spending on services like public colleges and mass transportation. Some cities, such as New York and Duluth, Minn., have already set up health-care trust funds. Others may follow--or risk getting downgraded...

Author: /time Magazine | Title: GM's Get-Well Plan | 9/20/2007 | See Source »

There is a very large gap between recognizing how addiction looks on a brain scan and developing therapies that are effective enough to safely abolish addictive behavior. Once a safe and effective candidate drug is discovered, a minimum of five years is needed before the Food and Drug Administration can deem it safe to administer to millions of addicts. We are at least a decade away from even starting such trials. Addiction is a side effect of the positive evolutionary pressures to respond to pleasurable stimuli by seeking repeat stimulation. Alcoholics Anonymous is one form of therapy that...

Author: /time Magazine | Title: Sources of Addiction | 9/19/2007 | See Source »

...election of Cambridge City Councillor Anthony D. Galluccio to the Massachusetts state senate not only effectively filled a vacant seat in the State House, but also closed a gap in negotiations between Harvard planners, residents, and the political establishment over Allston development...

Author: By Laura A. Moore, CRIMSON STAFF WRITER | Title: Election Ends Political Anxiety | 9/14/2007 | See Source »

Just keep in mind that the housing market hasn't hit bottom. Looking at the gap between how much it costs to rent a place or to buy one, Deutsche Bank research analyst Lou Taylor concludes that in the bubbliest markets, renting is still the better short-term deal. Consider Sacramento, Calif., where rent runs about 40% of the monthly cost of buying, half of what it did a decade ago. Of course, not everyone can wait for the trough to become a homeowner. "If you just got married and your wife is pregnant with twins...

Author: /time Magazine | Title: What Homeowners Can Do | 9/13/2007 | See Source »

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