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...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 led the way toward prosperity in Asia is sitting by while its influence is being usurped by China. (See pictures...
...press - she has become even more irresistible as programming and copy. Just last week, she signed a television deal reportedly worth millions to be featured in an eight-episode documentary called Sarah Palin's Alaska on Discovery's TLC channel. She'll add the show to Palin Inc., which already includes her richly compensated duties on Fox and another book on the way, as well as the mega-best seller Going Rogue and numerous private speaking engagements. But Palin plans to make time to help a roster of Republican candidates between now and November to keep her foothold in politics...
...likely read some of Demand's content without realizing it. Founded in 2006, the company runs a slew of popular Internet portals, including eHow.com Cracked.com and Livestrong.com that receive 100 million hits a month - more traffic than any of the digital properties of Disney, NBC, ESPN or, yes, Time Inc. The company, based in Santa Monica, Calif., is also directing an army of freelancers to write stories that appear in traditional media outlets, most notably in the Atlanta Journal-Constitution's weekly travel section, and a Demand executive says more deals with large off-line brands will be announced soon...
...eight-lane superhighway for Internet data traffic, including 3-D video, university lectures and feature films such as Harry Potter and the Half-Blood Prince and The Twilight Saga: New Moon. "Video is the big driver behind all this," says analyst Akshay Sharma of technology-research company Gartner Inc., noting that voice and texting will soon be overtaken by richer multimedia content and applications. (See TIME's tech buyer's guide...
...Read "The World of China Inc...