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...gambling. He shaved his once unsightly beard. "I wasn't going to make myself taller," he once quipped when asked about his transformation. He in effect reduced the risks in his personal life as he ratcheted up the risks - prudent, to be sure - that Goldman was taking under his leadership. (See George W. Bush's biggest economic mistakes...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...defeated Aso appeared before television media and assumed responsibility for his party's crushing blow. Expressing his grief over the results, Aso said that he would step down as president of the LDP, requesting that an election be held as soon as possible for new party leadership. Media reports say that he has relinquished his post. "We could not wipe away the resentment that the LDP accumulated over the years," he said. "I feel we were destined [to be defeated]." Many well-known incumbents lost their own local elections, such as Fukuoka prefecture's Taku Yamasaki (a former minister once...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

...marking LDP incumbents with red batsu or Xs - rather than focus on the DPJ winners, reflecting a widely held belief that Sunday's landslide win is less a vote of confidence in the DPJ's ability to effect change than a show of frustration over the LDP's failed leadership...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

...been killed in a shootout during a Taliban meeting convened to decide on Baitullah's successor. Some still suspect that the man calling himself Hakimullah is, in fact, an imposter claiming to be the terror chief in a bid to convince the world that the group's fractious leadership remained intact. Assuming he's alive, though, relatively little is known about the ascendant young leader, who is a member of the same tribe as his predecessor Baitullah but is not thought to be a close relative. Still, reports suggest that Pakistan and its ally the U.S. may have rid themselves...

Author: /time Magazine | Title: Hakimullah Mehsud: The New Head of Pakistan's Taliban | 8/28/2009 | See Source »

...official nod to the controversial visit of the Dalai Lama, Tibet's leader-in-exile, to Taiwan next week. Ma has been facing his lowest approval ratings - around 20% - since he took office more than a year ago. The public has been angry with his lack of strong leadership and with the slow pace of relief efforts since Typhoon Morakot hit Taiwan on Aug. 8, bringing the worst floods in 50 years and leaving at least 568 dead or missing and more than 7,000 homeless...

Author: /time Magazine | Title: Why Taiwan's President Allowed the Dalai Lama Visit | 8/28/2009 | See Source »

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