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...Cherish Old Allies (and Cultivate New Ones) It's no small matter that China, and not the U.S., is now Japan's largest trading partner. If overleveraged America really is destined to be mired in a postconsumerist funk for the foreseeable future, Japan needs to redouble its efforts to strengthen trade and diplomatic ties with its neighbors - not only to counteract China's growing influence in Asia, but also to grab a greater share of fast-growing Asian markets. "Japan can benefit from high Asian growth rates even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian...
...that their jobs could hinge on a set of standardized-test results is anathema, in part because many teachers believe the tests are unreliable indicators of student performance. "Our disappointment is clear," says Kay Brilliant, director of education policy and practice for the National Educators Association, the nation's largest teachers' union. "If it's going to be more of the same, more NCLB [No Child Left Behind], more testing and minimal support, then we're not interested." Duncan admits he is tackling the Everest of entrenched interests with this particular reform. "It's pretty controversial," he says...
...York Cheating the Poorest Low-income workers regularly earn less than minimum wage and are often denied proper overtime pay, according to one of the largest recent studies of wage-law violations. Interviews with nearly 4,400 people in sectors such as retail and child care found that on average, workers did not receive 15% of their rightful pay. Employees injured on the job also reported widespread pressure not to file for workers' compensation...
...losses. The idea of an economy of worker cooperatives may seem utopian, and the notion of using the tools of modern finance to do so absurd. But Bloom and his mentor at Lazard, Eugene Keilin, helped prove it possible—and did so with no less than the largest airline in the nation: United...
Perry doesn't need outside directors, writers or big-name co-stars; he can do box office all by himself. Made on the cheap at his studio in Atlanta, his raucous, down-home, Christian-tinged comedy-dramas bring out imposing masses of African Americans - the largest niche audience in the country. This was his third highest opening weekend, behind two movies that featured his tart-talking drag grandma in the title: Madea's Family Reunion and Madea Goes to Jail, which respectively grossed $63.3 million and $90.5 million. By doing the Lord's work with a touch of sass, Perry...