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...people feel secure. That's why it's vital for leaders to push ahead with reforms to pension, health-care and unemployment systems. Japan's current social-security programs hark back to an era of guaranteed jobs for life, which places unsustainable financial burdens on companies and individuals. Until modern safety nets are built, it will be impossible to make Japan more efficient and competitive in the global economy...

Author: /time Magazine | Title: A Sea Change in Japanese Politics | 9/14/2009 | See Source »

...question that farming, like every industry, has changed--but the change is driven by a passion for our profession. My father, brothers and I are committed to doing what's right for our community, animals and natural resources while producing products that are safe, affordable and healthy. Modern technology enhances individual animal care; for example, I can access a whole health history for each cow from my cell phone. Modern free-stall housing keeps our animals comfortable and healthy--protecting them from weather extremes, predators and disease. We're dedicated to minimizing our impact on the environment too--from reusing...

Author: /time Magazine | Title: Inbox | 9/14/2009 | See Source »

Well, yes, at some point it does have to start mattering. But one of the great mysteries of modern politics and economics is where exactly that point might be. When the Federal Government runs a deficit, it has to borrow money. It does so by selling Treasury securities, ranging from short-term bills to 30-year bonds, on which it pays interest. This is like you or me borrowing to cover a shortfall or buy a house, with a crucial difference: countries are, in theory at least, immortal. They can keep rolling over their debts indefinitely. The U.S., with...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

Burke. Buckley. Limbaugh? Modern conservatism has decayed from the positive, pragmatic force its founders envisioned into a bitter resistance movement that's given up on fresh ideas, argues Sam Tanenhaus, editor of the New York Times Book Review. While Richard Nixon backed national health insurance and Ronald Reagan tempered his muscular rhetoric with political flexibility, today's dominant conservatives are little more than "inverse Marxists," clenching an outdated dogma that would sooner see government destroyed than saved. The result is a shrinking movement inhabiting a "fringe orbit" irrelevant to the needs of today's America, an intellectual flatlining confirmed...

Author: /time Magazine | Title: The Skimmer | 9/14/2009 | See Source »

...Modern Japan is not known for embracing radical change. But in elections to the lower house of Japan's parliament on Aug. 30, voters swept out of power the Liberal Democratic Party (LDP), which had ruled Japan for all but 11 months of the past half-century. The opposition Democratic Party of Japan (DPJ) won 308 of the 480 Diet seats at stake...

Author: /time Magazine | Title: Spotlight: Japan's Elections | 9/14/2009 | See Source »

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