Word: japanned
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...limitations and a fiscal pragmatism in its foreign policy will command far greater respect abroad than one that takes the dogmatic, open-checkbook approach of the Bush Administration. But why stop with Iraq and Afghanistan? Barack Obama should look at the rationale for maintaining forces in Germany, Japan and South Korea. Even among our allies, our presence on their soil makes little sense to many and is not appreciated. Our days as the world's policeman are over, and that's a good thing. Let's lead in other, better fights, such as global warming and disease eradication. This would...
...central banks to re-ignite credit growth in the ailing banking system. The second will be the failure of governments' debt expansions to increase the cost of funding. In other words, the long end of the yield curve will continue to be depressed, just as it has been in Japan for the past 16 years. In the early 1990s observers in Japan argued that 10-year Japan government-bond yields of 3.5% could not persist for long. That was when the government debt-to-GDP ratio was around 50%. It now stands at 150% and 10-year yields...
...understanding of its limitations and a fiscal pragmatism in its foreign policy will command far greater respect abroad than one that takes the dogmatic, open-checkbook approach of the Bush Administration. But why stop with Iraq and Afghanistan? Obama should look at the rationale for maintaining forces in Germany, Japan and South Korea - even there our presence is not appreciated. Our days as the world's policeman are over, and that's a good thing. Let's return to creating the goodwill and moral capital that have always been our real sources of power and influence. Charles Johnson, St. Petersburg...
...widely seen as an effort to allow more time for the development of China's own 3G technology to compete with established high-speed standards - means that tens of billions of dollars may be spent on networks that will be outdated within a few years when countries such as Japan are set to begin rolling out faster 4G services. "The life of 3G is almost over," Professor Kan Kaili of the Beijing University of Posts and Telecommunications told reporters when the licenses were announced. "There is no point in China getting on the last train to leave the station...
Corporate managers in Asia have always treated their staff with a touch of paternalism. Companies were not meant to be simply places of work, but big, happy families. In parts of north Asia, especially Japan and South Korea, employees spent more time with their coworkers, either at their desks slaving away until late at night or in regular evening drinking fests, than with their own husbands and wives. Layoffs were considered unseemly. In Japan, a social contract of "lifetime employment" guaranteed full-time employees they would have jobs until retirement. In China, communism brought the "iron rice bowl" and institutionalized...