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...brainer - not just in Britain, but also in Taiwan, Iceland and a swathe of other countries in Europe and Asia. Other schemes being tried include temporary work suspensions at factories, and even work-sharing programs. Two countries stand out as having the most developed and systematic approach: Japan and Germany, which both provide government subsidies to companies who keep on workers even though there's little or no work for them to do. Both have recently extended their schemes. In Germany, the government now subsidizes companies and idled workers for a full 18 months, up from six months...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

...says, "they just delay it." Indeed, in its latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current 8.6% to 11.6% by the end of 2010 - higher than many of its European neighbors - despite the special job-preservation measures. The organization expects Japan's unemployment rate will also rise, although less dramatically, to above 5.5% next year from...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

...look at this many ways. The TV crews from as far away as Germany and Japan come to cruise with the vultures. The greedy got punished, the new prospectors say. But maybe this is just how the life cycle has to work to restore balance to the world. Painted on the side of the green bus is a house being sprinkled with a watering can ("Watch your investment grow!") and a tree with dollar bills hanging on it. Anything can grow here in all this hope and sunshine, if you bury your fear deep enough...

Author: /time Magazine | Title: The Hope in America's Foreclosure Capital | 4/2/2009 | See Source »

...invited him to exhibit at her gallery.“I contacted Akio about three years ago to ask him if I could exhibit some of his smaller pieces in my gallery,” Fukai says. “Akio is extremely famous in Japan and is one of the most promising new artists in the country. Everybody knows him.”The “sweet and talented young artist,” as described by Fukai, found his passion for ceramics at an early age. “I began studying ceramics while...

Author: By Marissa A. Glynias, CRIMSON STAFF WRITER | Title: Japanese Artist Crafts Luminous Vessels | 4/2/2009 | See Source »

...meeting - what concrete proposals are likely to be agreed? Officials confidently predict that there will be progress in reforming resources for financial institutions. In particular, they expect more than $100 billion in support for trade finance to be agreed, along with a doubling of resources for the IMF. Japan and the EU have already promised additional funds and more countries are expected to pledge additional money during the afternoon. The details on financial regulation are still being discussed but a 7-page addendum to the communique has already been prepared, suggesting that the bulk of detailed regulatory reform was agreed...

Author: /time Magazine | Title: Just A Few Hours to Save the World at the G-20 | 4/2/2009 | See Source »

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