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...going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund. But it isn't just money that's being spread around. "Because Japan's financial system is the least tainted at the moment," says Japanese parliamentarian Kotaro Tamura, "we have the opportunity to help save the world and spread a message...

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

...market for credit cards was operating for the first half of 2008 but is now shut down, making it harder to securitize credit-card debt," says Arthur Wilmarth, finance professor at George Washington University Law School. Banks, forced to keep more debt on their books, are less willing to lend to anyone who doesn't have a high FICA, or credit quality, score. The result is a vicious cycle of borrowers being hit with higher interest rates, hair-trigger late fees and curtailed credit lines just when they need funds the most. Higher food and gas prices have contributed...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

...accreditation from both regional standard bearers and the National Council for Accreditation of Teacher Education (NCATE), the professional body recognized by the U.S. Department of Education for certifying teacher-preparation programs. (WGU remains the only online institution that has NCATE's seal of approval.) Such moves were designed to "lend WGU more legitimacy as an educational institution," says Health and Human Services Secretary Mike Leavitt, who helped found the school when he was governor of Utah. (See TIME's special report on college costs...

Author: /time Magazine | Title: Go Western, Young Man | 11/13/2008 | See Source »

...perfectly showcases the cold, stark isolation of the film’s wintry setting, while the meticulous framing of Oskar and Eli, isolated side-by-side in the windows of their neighboring apartments, highlights the duality of their respective natures. There are also a few purposefully understated moments which lend the film some surprising subtexts, one of which revolves around gender and is sure to have audiences talking after the film ends. “Let the Right One In” is a difficult film that defies genre conventions and disallows any allegorizing. It’s also incredibly...

Author: By Bram A. Strochlic, CRIMSON STAFF WRITER | Title: "Let The Right One In" | 11/13/2008 | See Source »

...hesitant to elect Latinos, Arab-Americans, or others, we will never be able to declare that we have broken that last racial barrier—indeed, the election of an African-American to the White House can really only represent the first. We must build on its momentum, not lend it a language of finality...

Author: By Nathaniel S. Rakich | Title: No, We Haven’t | 11/10/2008 | See Source »

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