Word: liking
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...Down with the Man Christopher Hayes' article "The Twilight of the Elites" is a fantastic reminder of the hubris of supposed experts [March 22]. Since the financial crisis started, many consultants, fund managers and other privileged executives have proved to be glorified charlatans. Perhaps, like the Roman generals of old, they should keep lackeys on hand, tasked to repeatedly remind them of their fragile human mortality. Rafael Pintos-López, Michelago, Australia
...beyond the realm of foreign relations. They ushered Hatoyama into office to breathe new life into an ossified political system that proved incapable of reversing the slow-motion decline of Japan's economy and global influence, a phenomenon the Japanese call "Japan passing." Thirty years ago, Japan was much like the China of today, an up-and-coming global power with an economy that was the envy of the world. Japanese companies such as Sony, Toyota and Honda shoved aside their competition from the West. By the late 1980s, Americans came to see Japan's economic firepower as arguably...
...building a more extensive welfare system. That, Hatoyama believes, will bolster consumer confidence and get Japanese, usually big-time savers, to spend more and revive economic growth. In the most recent budget, he has moved spending priorities away from the usual pork-barrel stimulus and toward social services like education. As he puts it, "We will be spending not on concrete but on people." In March, the Diet, Japan's parliament, passed legislation promised by Hatoyama to provide a $140 monthly subsidy to parents for each child of junior high school age or younger. With such measures, "the new administration...
...Matters won't get any easier. Economists worry that Hatoyama's social-welfare programs will only increase the government debt ratio, which is already more than twice that of the U.S. His reforms are also likely to face stiff resistance from the still powerful elements of the establishment, especially the government bureaucracy, which won't readily surrender its influence. Just like so many other Japanese politicians, Hatoyama has already been tarred by an alleged scandal, this one concerning campaign finance. (Hatoyama has publicly apologized for the scandal, though he has said he had no knowledge of any wrongdoing.) His Cabinet...
...island entirely, and since taking office he has effectively shelved the 2006 accord and reopened negotiations with the U.S. After months of waffling and breaking self-imposed deadlines, it's not clear exactly what Hatoyama will propose to Washington, but he told reporters in late March, "I personally should like to consider a path to relocate the air station outside Okinawa...