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...much the same way, Japanese firms face a global imperative. They must expand overseas to maintain growth. There simply aren't enough Japanese to buy their products back home. With domestic car sales slowing, Honda, for instance, just opened a second plant in Thailand so Japan's second largest auto company can double its annual production capacity in the Southeast Asian nation to 240,000 cars. Japanese pharmaceutical firms have also bought up American and Indian rivals. Overall, in the first 10 months of this year, foreign acquisitions by Japanese firms soared nearly fourfold to around $67 billion, according...

Author: /time Magazine | Title: Japan Reaches Out | 11/20/2008 | See Source »

...Somalia Pirates Aim Higher With their capture of a colossal Saudi oil tanker on Nov. 15, Somali pirates seized their largest vessel yet amid a torrent of other hijackings in the Gulf of Aden, where there have been at least eight attacks in just the past two weeks. Pirates currently hold an estimated 17 vessels and some 300 crew for ransom. Some shipping firms are resorting to the long, costly route around Africa to avoid the gulf's dangerous waters...

Author: /time Magazine | Title: The World | 11/20/2008 | See Source »

...charging elephant at a pet show on Ethel Kennedy's Virginia estate. While the demeanor (sunglasses, earpieces, constant vigilance) and the danger are what captivate the public, monitoring for fiscal malfeasance is still half the job. In August, the Secret Service helped crack what was heralded as the largest identity-theft ring in U.S. history...

Author: /time Magazine | Title: A Brief History Of: The Secret Service | 11/20/2008 | See Source »

...world's largest military baby shower, there was no doubting the sincerity of Fayetteville's convictions. The North Carolina city that is home to both Fort Bragg and the Pope Air Force Base threw a party on Nov. 15 for a thousand new and expectant military moms--a baby boomlet prompted by the return since October 2007 of some 22,000 members of the 82nd Airborne from active duty in Iraq. The event was held in Fayetteville's Crown Exposition Center, complete with a buffet, a cupcake table, plenty of bottled water and raffle prizes ranging from a 2009 Chevy...

Author: /time Magazine | Title: Fayetteville: America's Most Pro-Military Town | 11/20/2008 | See Source »

...district court's ruling itself is a half-way measure for Franken. It ordered the state's second largest county to turn over to the Franken campaign information on voters whose absentee ballots had been rejected. Ramsey County rejected roughly 750 of the nearly 13,000 absentee ballots submitted, or 5.7%. That isn't much but considering the small size of Coleman's current lead, it could prove to be an important avenue for Franken to close the gap. Minnesota law allows elections officials to count legally rejected ballots if they can determine voter intent. With voter information in hand...

Author: /time Magazine | Title: In Minnesota, Franken Wins a Skirmish | 11/20/2008 | See Source »

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