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Hatoyama will have to get the budget under control and help shift Japan away from the export-oriented economic growth that served it so well in its golden age of the 1970s and '80s. To accomplish that, Japan needs to boost domestic consumption. But its people will spend only if they feel economically secure, which is why thoroughgoing reform of the pension, health-care and unemployment systems is vital. Japan's current social-security programs hark back to an era of guaranteed jobs for life, which places unsustainable financial burdens on companies and individuals...

Author: /time Magazine | Title: Spotlight: Japan's Elections | 9/14/2009 | See Source »

...first half, the 49ers got the score rolling with a shot in the 37th minute off of a corner kick.Although Harvard picked up the aggression in the second half, taking 14 shots to Long Beach’s one, the 49ers managed another goal with a header from Shawna Golden 10 minutes into the second half.“We’ve played 4 games and only have got 3 goals, and that’s not going to get it done,” Leone said after the game. “We’ve really...

Author: By Alex Sopko, CRIMSON STAFF WRITER | Title: Crimson Suffers Losses to Long Beach State, Hofstra | 9/13/2009 | See Source »

...imposed frugality in Roxboro goes directly to Brad Rogers' bottom line. He and his wife Betty opened a popular Golden Corral franchise just south of unemployment services on Durham Road in 1999. Everyone from the town's low-skilled workers to the city elders goes there, drawn by the $9.99 all-you-can-eat buffet and the slogan "Help Yourself to Happiness." This year the Whitfields, the Waldrons and many others aren't: sales are down 2.5% this year, and it would be worse, says Rogers, if he hadn't launched a big coupon push. But that's eaten into...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

...previous downturns were not as severe as this one. Decreased spending at places like Golden Corral has gone straight to the county budget's bottom line. This year's sales-tax revenues are projected to drop 10% from last year. Overall revenue is expected to fall 9%, or $5,528,022. Capital projects have been hit. The county had planned to renovate the courthouse, an elegant 1930 brick building that sits in a square off Main Street and has a workmanlike modern extension off the back. At a meeting in May, the county council decided to delay the project...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

...McCurry, sandwiched between a beauty salon and a car-parts shop at the edge of the city center in Jalan Ipoh, is fairly ordinary-looking, considering its worldwide fame. The McCurry yellow logo may have a whiff of the Golden Arches, but it doesn't bear any other real resemblance to the U.S. chain. The Suppiahs had invested their life savings of $85,000 in the venture in 2001, hoping to strike it big as a franchise. "At that time, there was no Indian food franchise in the country. We hoped to be the first," says Kanageswari Suppiah. "We were...

Author: /time Magazine | Title: McCurry: the Indian Eatery That Beat McDonald's | 9/9/2009 | See Source »

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