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...institutions shed some $440 billion in bad debt since the late 1990s and have been barely grazed by the subprime crisis, partly because they were reducing debt as western firms were taking on more and more. Now, the bargains available in the U.S. afford Japanese banks an opportunity to move beyond their mature home market. Japan's economy is the world's second-largest, but it is plagued by slow growth. Economists say 2% annual average GDP growth is about the best the country can hope for in coming years...

Author: /time Magazine | Title: Japan to the Rescue of Ailing US Firms | 9/23/2008 | See Source »

...That left an opportunity for MUFG, and it took it. Time will tell if the Japanese bank made the right move. In the 1980s, when Japan was booming, its companies bought a series of U.S. assets - from movie studios to the Pebble Beach golf course - that subsequently plunged in value, generating a fair bit of xenophobic resentment in the process. Now, it's Tokyo to the rescue on Wall Street. The Japanese are hoping that having learned the hard lessons of their own banking disaster a decade ago, they can now make some money navigating the one unfolding across...

Author: /time Magazine | Title: Japan to the Rescue of Ailing US Firms | 9/23/2008 | See Source »

...overtime on top. I somehow, someway, was the first to hit the ground running. I was also the first target. A Yale policeman with a big butt came on a beeline right for me. But you know what? I was so freaking ready. Quick jab to the right, spin move out of his grasp, and I was in open field. I sprinted as fast as I could, got between the players, and I was safe. I was moving. I was grooving. And, oh yeah, I was rushing. Principle 4: Have a super-sweet diss move. Last weekend, after Harvard?...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: WALLY'S WORLD: Rushing 101: How To Storm the Field | 9/22/2008 | See Source »

...still unknown. Firefighters shattered the windows on the top floor as they fought to put out the flames for over 45 minutes. Residents were told they could reenter the building later that night to collect valuables or other essential items. Murphy anticipated that many residents would be able to move back in today. Divinity School Professor Baber Johansen and his wife Mariapia DiBella—an anthropologist conducting research at Harvard—live directly below the site of the fire. “All the water is in my working room, on my computer, in my laptop...

Author: By Alexandra perloff-giles and Abby D. Phillip, CRIMSON STAFF WRITERS | Title: Weekend Sees Two Fires | 9/22/2008 | See Source »

...real story of North Korea's leader can be hard to divine. Thus, Kim's life starts with his birth either in Siberia - where his father, North Korean founder Kim Il Sung, was in exile - or on Mount Paektu, the highest point on the Korean Peninsula. In an early move to quell expected resistance to his son's succession, Kim Il Sung designated the younger Kim as the next leader of North Korea in 1980. It wasn't until 1998, however, four years after his father's death, that Kim Jong Il took over the country's leadership - having been...

Author: /time Magazine | Title: Kim Jong Il | 9/22/2008 | See Source »

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