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...late 1980s, after banking laws were relaxed, Japan went on a credit binge that made the modern U.S. look prudent. The stock market took off into the stratosphere, and property prices got so out of control that it was said the land on which the Imperial Palace sat in the center of Tokyo was worth more than the whole of California. Then the bubble burst, banks found that their balance sheets were full of bad loans, and Japan entered a lost decade of stagnant economic growth. Nearly 20 years after its peak in December 1989, when the Nikkei index nearly...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...starting to take its toll on the bees. Many keepers are feeding their colonies corn syrup, sugar and pollen substitute to artificially bulk up hives ahead of the almond season, while killing off parasitic mites with pesticides. Plus, parking the hives smack in the middle of this land of almonds "is comparable to us going to McDonald's every day for a month," says Johnson. "In the past, you'd have a blend of sources, and [the bees] seemed so much healthier." Johnson and many bee researchers believe this monocultural diet may have contributed to the recent epidemic of colony...

Author: /time Magazine | Title: Postcard from Hughson | 3/12/2009 | See Source »

...looks at how the suburbs are reimagining themselves now that the economy can no longer support the massive shopping centers that used to define them. Krista Mahr in Hong Kong reports on how the crunch is fueling a new kind of international trade: countries with money but little arable land are renting huge tracts from countries rich in soil but poor in cash. Alex Perry zeroes in on the unexpected star of the global economy: Africa...

Author: /time Magazine | Title: Navigating the New World | 3/12/2009 | See Source »

...listen up all you fooligans out there in cellphone land. Let’s talk texting. Yeah you heard me. T-bombs. Specifically, late night T-bombs of the BC—booty call—variety. Now, like any red-blooded American bro, I’m not one to protest to crucial role that the iPhone, Blackberry or T-Mobile Sidekick plays in the facilitation of the occasional Thursday night tryst here in the 02138. But Ladies, ladies, listen to a man. Sometimes you’re hanging out just pongin’ in Mather, or kickin?...

Author: By H. max Huber, CRIMSON STAFF WRITER | Title: Hate It: Textual Harrassment | 3/12/2009 | See Source »

...good husband has been taken away from me, and my life has been destroyed. And what for? A piece of land that my husband is only going to get six feet of." Thus the anguished words of Kate Carroll, widow of police officer Stephen Carroll, who was murdered on March 9 in what appears to be a revival of the political violence that killed some 3,500 civilians, soldiers, police and paramilitaries over three decades in Northern Ireland...

Author: /time Magazine | Title: Behind Northern Ireland's Latest Killing Spree | 3/12/2009 | See Source »

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