Word: nationalism
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Japan's ability to meet these challenges is of more than local interest. The nation is the world's second largest economy and the U.S.'s key ally in Asia. And given Japan's recent economic history, the way in which it copes with the current crisis could provide some insights into how the rest of the world can get through it as well...
That's where Japan's duality comes in. It is a nation that does not always find it easy to change, to embrace the future. In Tokyo's Ota Memorial Museum of Art this month, there is an exquisite exhibition of ukiyo-e woodblock prints displaying Japan during the Meiji Restoration in the late 19th century, when Western habits - European music and military uniforms, crinolines - were beginning to replace the old ways. In one print, a woman in traditional kimono and lacquered hair watches wistfully as a young girl, hair flying behind her, joyfully rides a bicycle...
...nation of Gilboa, led by King Silas Benjamin (Ian McShane) - based on the Bible's Saul - has been at war for generations, most recently with neighboring Gath. His son Jack (Sebastian Stan) is taken hostage at the front but is rescued by David Shepherd (Chris Egan), who destroys a supposedly invincible Gath tank - a "Goliath," natch - by slinging a grenade duct-taped to a wrench. David is called to court in the gleaming new capital, Shiloh, where the cunning Silas parades him as a hero and eyes him as a potential rival...
Last fall, soon after Congress decided it would spend $700 billion to shore up the nation's flailing financial system, about 100 shareholders of Reunion Bank of Florida gathered for a party. Over crab fondue and London broil, they toasted the start of their spanking new bank. It had been decades since a locally grown bank had opened in Tavares, an old citrus hub about an hour by car from Orlando. "We had folks drive from 45 miles away," recalls Reunion co-founder and CEO Mike Sleaford. "Everyone was so excited...
...bank was old hat to LaRoe. The one he founded in 1999, he sold to a larger company in 2006, quadrupling investors' money. This time around, he lined up $24 million in commitments in three months. Then came IndyMac. On July 11, the FDIC moved to take over the nation's seventh largest savings and loan, a casualty of aggressive home lending and one of the biggest bank failures in U.S. history. Images of depositors lining up to pull their money out of the bank flooded the media...