Word: japanism
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...Japan learned a similar lesson during the economy's Lost Decade after a stocks-and-real-estate bubble burst in the early 1990s. In a pathetic attempt to avoid losses, Japanese banks kept pumping fresh funds into debt-ridden, unprofitable firms to keep them afloat. These companies came to be known as zombie firms - they appeared to be living but were actually dead, too burdened by debt to do much more than live off further handouts. One economist called Japan a "loser's paradise." The classic zombie was retail chain Daiei, which limped along for years, crushed by debt...
...person interested in reality, I much appreciated Michael Kinsley's Essay on the government stimulus package [Dec. 15]. The media regularly say the "taxpayer has been hit again." I don't recall my taxes being affected. Rather, we have borrowed again, and not from fellow Americans - but from China, Japan and other countries. Have we come to the point that we may have more clout in the world militarily but others have more clout economically? Bill Brouwers, Middlebury, Indiana...
Both. I'm flattered when there are people from Germany or Japan who will show up when I have a photo exhibition in Iceland. Every once in a while, though, there'll be a person who steps over the line, where they assume that I'm only speaking to them. I worry about them. And sometimes I worry about myself...
...person interested in reality, I much appreciated Michael Kinsley's Essay on the government stimulus package [Dec. 15]. The media regularly say the "taxpayer has been hit again." I don't recall my taxes being affected. Rather, we have borrowed again, and not from fellow Americans--but from China, Japan and other countries. Have we come to the point that we may have more clout in the world militarily but others have more clout economically? I have read that what really brought the U.S. out of the Great Depression was World War II. Could it be that what brought...
Japanese History Professor Andrew D. Gordon’s Historical Study A-14: “Japan: Tradition and Transformation” will join Societies of the World...