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...Paralysis isn't unique to Japan; it appears to be a common affliction throughout the developed world. But by looking at Japan, we can get a good idea of the damage it can do. Unwilling to make hard choices, the government simply threw taxpayer money around, attempting to keep people employed without fundamentally changing the economy. The result is government debt approaching 200% of GDP. Overly protected at home, Japan Inc. has missed out on the globalization game; its companies, unable to adapt to a changing world, are losing global market share to more nimble competitors. The nation that once...

Author: /time Magazine | Title: What Japan's Years of Paralysis Teach America | 3/29/2010 | See Source »

...also the location of most of his vivid, at times brilliant, novels. Local Communist Party officials are honoring the town's famous son with a lavish lunch, but as the dishes are served - three kinds of fish, oysters, sea cucumber - the author looks increasingly surprised. "I had no idea that Gaomi had a restaurant of such high quality," he finally blurts, to the amusement of his hosts...

Author: /time Magazine | Title: Lunch with China's Mo Yan | 3/29/2010 | See Source »

...trying to improve relations and contacts with the U.S., Mahbubani asks Europeans to think the "unthinkable - the transatlantic partnership may come to an end." Why should Europe give up a functioning partnership with an essential partner and friend on the global scene? Just like many Asians, Europeans dislike the idea of an all-powerful G-2. We seek intensified cooperation with America but also with Asia, the Middle East, Russia and the Mediterranean region precisely because we believe in a multipolar rather than a bipolar "G-2 world." (Read: "The Lessons of Dubai...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

...Confident ProsecutorThose talks are now under way, and it's anyone's guess whether they were Emanuel's idea or something the President quietly asked his chief of staff to launch. Holder and his supporters continue to argue that military tribunals are slow and unreliable and send a repressive signal about American values overseas. They also doubt that Graham can deliver the votes needed to close Gitmo even if the talks are successful. Still, it is increasingly clear that everyone would like to find a way out of the stalemate. One compromise might involve trying KSM and other 9/11 conspirators...

Author: /time Magazine | Title: Eric Holder's Trials and Tribulations | 3/29/2010 | See Source »

...doesn't really matter that gourmet food trucks were busting out in American cities a few years before Choi parked his first food truck, in November 2008. Or that short-rib tacos weren't even his idea. (A former co-worker's sister-in-law, Alice Shin, had read about a homemade version on a food blog and, as Kogi's publicist, helped hype them through masterful Twitter and website work, which turned the truck's mysterious whereabouts into a hipster happening.) Choi's amazing food has become one of the movement's signature successes. Kogi made $2 million...

Author: /time Magazine | Title: Gourmet On the Go: Good Food Goes Trucking | 3/29/2010 | See Source »

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