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...push the burden of inflating the economy onto the central bank not only underestimates Hayami's efforts but overestimates the options available to his successor. The deflation busters insist that the BOJ can jump-start growth by encouraging more investing and spending. But a central banker has a relatively small number of imprecise tools at his command, and the current governor has exhausted virtually all of them. Over the past five years, Hayami has consistently kept interest rates at nearly zero in a desperate bid to get people spending. Money in Japan is practically free for anyone who wants...

Author: /time Magazine | Title: Japan's Deflation Dogfight | 2/24/2003 | See Source »

...Zimbabwe is in, it will always need core values - self-discipline, respect for others, cultural pride, faith. The fans seem to agree. "Eh, Tuku!" says Shamiso, a maid. "He knows our suffering." "Tuku sings our reality," says Ebenezer, a waiter. "He sings what has happened and what will." Critics insist the reality might be different if Mtukudzi tackled politics. "He's like everyone else - afraid," says one. He could exploit his popularity to make a statement. "But at what price?" asks John Matinde, a DJ at SW Radio Africa. "He could come out with a killer of an album...

Author: /time Magazine | Title: Singing The Walls Down | 2/23/2003 | See Source »

...nature and scale of any threat posed by Saddam Hussein, and therefore also over the appropriate penalties. There is little argument in the Security Council over whether or not Baghdad is in breach of many of its disarmament obligations. But while President Bush and Prime Minister Tony Blair insist that Saddam is hell-bent on stockpiling non-conventional weapons and will inevitably share them with al-Qaeda, the antiwar Europeans see him less as a rising menace than as an incorrigible nuisance who has nonetheless been left substantially weaker by a decade of containment than he was when his armies...

Author: /time Magazine | Title: Is Saddam a Menace or a Nuisance? | 2/19/2003 | See Source »

...insist it has brought together a moderate coalition of anti-war voices, but a look at the protests worldwide reveals more subversive groups at work. One needs only to consider the London protests, filled with anti-Israeli rhetoric from the Muslim Association of Great Britain, to find transparent agendas of hatred and violence, agendas that undermine the Harvard protesters’ calls for peace...

Author: By The CRIMSON Staff, | Title: Protesting for Peace | 2/18/2003 | See Source »

...then, military officials say, there will be 250,000 American troops on Iraq's doorstep or just down the block. That's more than enough to fight any sort of war that the Pentagon may be thinking of waging. Senior officers insist, with a snappy salute, that they are capable of fighting in an Iraqi summer, but in truth they would rather not. By April, daytime temperatures exceed 100ºF, and soldiers will be hampered by heavy suits protecting them from chemical and biological weapons. Helicopters can't fly as efficiently in hot, thin air; more water has to be shipped...

Author: /time Magazine | Title: Iraq: Diplomacy and Deployment: Countdown To War | 2/17/2003 | See Source »

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