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...While the country's corporate sector is in better shape than it was in the 1990s after an epic property bubble burst, some things never change. Unlike in the 1990s, a lack of proactive government policy threatens to make the situation worse for ordinary Japanese. Contrast the Japanese government's inaction in the face of recession with the steps the U.S. has taken in the past nine months, among them a series of interest-rate cuts and tax rebates. No wonder the Japanese public exhibits so little confidence in the administration of Yasuo Fukuda, whose approval ratings bottomed...

Author: /time Magazine | Title: Stop the Rot | 8/28/2008 | See Source »

...lack either the verve or the connections to make an entry into Miami's superglam club scene, you can always try the time-honored alternative way of getting past the velvet rope: spending lots of money...

Author: /time Magazine | Title: Stepping Out | 8/28/2008 | See Source »

...influx is enriching junior league, it's also raising tricky issues. It would be hard to find anyone who would dispute that Polynesian kids grow fast. In football, this means they tend to be bigger than their white peers at a stage of life - seven to 17 - when players lack the technical refinements that can neutralize differences in bulk. "The small kid can't help his size, and the bigger kid has done nothing wrong either," the former New South Wales Rugby League development officer Frank Barrett said recently, "but as an administrator it breaks my heart...

Author: /time Magazine | Title: Power Play | 8/28/2008 | See Source »

...That's assuming that it had an intellect. It inevitably leads to total lack of intellect--particularly in the case of LSD, which everyone assumed opened the doors of perception. We've since discovered that it does the opposite...

Author: /time Magazine | Title: 10 Questions for Tom Wolfe | 8/28/2008 | See Source »

...Then came Joe Biden, whose very lack of polish moved the message out of the brainpan and into the heart. Obama writes a speech with a fountain pen. Biden writes with his fists. But he was passionate and angry and human, the very qualities Obama has been tagged for lacking...

Author: /time Magazine | Title: Clinton Builds a Bridge to Obama | 8/28/2008 | See Source »

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