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After weeks of calls by the Japanese government to do something about deflation and the fast appreciating yen, the Bank of Japan held an emergency meeting Tuesday - and decided what the world's second largest economy needs is more money. Central bank governor Masaaki Shirakawa announced steps to step up monetary easing by injecting 10 trillion yen (about $115 billion) into Japan's financial system. Shirakawa told reporters that these steps could be considered "quantitative easing in a broad sense." The eight-member policy board also unanimously voted to maintain the Bank of Japan's key short-term interest rate...

Author: /time Magazine | Title: Why Japan's Latest Attempt to Boost Its Economy Won't Work | 12/1/2009 | See Source »

...Harvard’s endowment has brought our community to a crossroads. For many years, top administrators at Harvard have encouraged—or acquiesced to—policies that give greater weight to the bottom line than to the university’s historic mission, deferring to hired money managers rather than to its own experienced community. The endowment’s $8 billion loss is a stark warning of the peril that Harvard faces as it speeds down the corporate highway...

Author: By Wayne M. Langley | Title: At the Crossroads | 12/1/2009 | See Source »

Joseph also served as a director of the Multiple Myeloma Research Foundation, which raises money for research on multiple myeloma, a rare blood cancer that he struggled with. Louise M. Perkins, chief scientific officer of the MMRF, remembered Joseph as “an incredibly gentle and patient...

Author: By Julie M. Zauzmer, CONTRIBUTING WRITER | Title: Joseph, 72, Was Leader on Wall Street | 12/1/2009 | See Source »

...according to Pennink, “The Ascent of Money,” posed a unique challenge for him as a director—describing money and markets with images...

Author: By Linda Zhang, CONTRIBUTING WRITER | Title: Ferguson Wins Emmy for Documentary | 11/30/2009 | See Source »

...movie then begins switching between two subplots: that of maverick Europol agent Mika (Naomie Harris) and that of ninja prodigy and outcast Raizo (played by Korean pop superstar Rain). While Mika disobeys her boss Maslow (Ben Miles) and follows a money trail leading toward a mythical set of Eastern ninja assassin clans, Raizo struggles through a series of flashbacks about his orphan past. As a child, he had been taken in by the centuries-old Ozunu clan and trained to become a ninja; after witnessing the clan murder his love interest, Raizo broke down, killed scores of his former brethren...

Author: By Alex E. Traub, CONTRIBUTING WRITER | Title: Ninja Assassin | 11/30/2009 | See Source »

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