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...brokerage house, Bear Stearns, and cut U.S. interest rates 0.75 of a percentage point to try to keep America from slipping into recession. But in Japan, there's little central bank activity, despite the threat of recession, a sliding stock market, and the decline of the dollar to its lowest level against the yen in 13 years. "At this moment the situation is very bad and it will take time to settle a normal relationship between the LDP and the DPJ," says Iio, a professor of government. "The situation is critical for Prime Minister Fukuda...

Author: /time Magazine | Title: Bank of Japan Left Leaderless | 3/19/2008 | See Source »

...coin floats on water (or beer), a perfect analogy for the last few years of the dollar's strength against Japanese currency. Now, however, the yen is sinking to the bottom of the glass as the dollar has becomes featherweight. On Thursday it slipped to 99.7 yen, the lowest it has been since November 1995. Following suit on Friday, Tokyo stocks plummeted to their lowest levels since August 2005. Just a few months ago, the rate was 113 to the dollar...

Author: /time Magazine | Title: Japan's Strong Yen Problem | 3/14/2008 | See Source »

...SEONGMIN LEE Contributing Writer Despite a recent report saying that the number of students nationwide who concentrate in computer science has hit its lowest point in the last decade, Harvard computer science professors say that the trend is not troubling. In a report aired on National Public Radio (NPR) on Wednesday, one correspondent said that computer science programs across the country are facing an “enrollment crisis.” NPR reported that since the “dot-com” boom ended in 2001, the number of concentrators has been decreasing and now the number...

Author: NO WRITER ATTRIBUTED | Title: Harvard CS Profs Question Trend | 3/14/2008 | See Source »

Despite a recent report saying that the number of students nationwide who concentrate in computer science has hit its lowest point in the last decade, Harvard computer science professors say that the trend is not troubling. In a report aired on National Public Radio (NPR) on Wednesday, one correspondent said that computer science programs across the country are facing an “enrollment crisis.” NPR reported that since the “dot-com” boom ended in 2001, the number of concentrators has been decreasing and now the number has reached its lowest national...

Author: By Seongmin Lee, CONTRIBUTING WRITER | Title: Harvard CS Profs Question Trend | 3/14/2008 | See Source »

...stakes could hardly be higher: With a U.S. recession looming and the dollar at its lowest-ever value against major currencies, oil prices reached a new record high on Thursday, crashing through the $111-a-barrel mark. That's a climb of about 30% in just six months, and this week it sent the prices at U.S. gas pumps soaring to a record national average of $3.27 a gallon...

Author: /time Magazine | Title: Why OPEC Won't Boost Oil Supplies | 3/13/2008 | See Source »

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