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...compared with 0.9% in the U.S. and 0.5% across the Eurozone. "Financial-debt-to-GDP ratio is an advantage, and debt in the private sector has not increased, unlike in the U.S. and European countries," says Hiromichi Shirakawa, chief economist at Credit Suisse Japan. "The economy is less vulnerable." Nevertheless, he says, Japan is not an island: nothing points to an economic recovery in Japan unless the global economy picks up. According to Andreas Schuster, head of research at CLSA, a private-equity firm based in Hong Kong, "It won't be pretty, but it will be less tough than...

Author: /time Magazine | Title: Why Japan Has Slipped Into Recession | 11/18/2008 | See Source »

...Question, after Bill Clinton's unsuccessful nominee for Attorney General. Baird's Nannygate - and a similar dustup involving Bernard Kerik, George W. Bush's nominee for Homeland Security Secretary in 2004 - are pretty obviously the inspirations for this clause, as both scandals severely muddled the respective Presidents' transition plans. Nevertheless, the verdict on this question is mixed. "I don't want somebody disqualified who can help solve the economic problem because they didn't pay the dog-sitter's Social Security," argued former Congressman John Kasich in a Nov. 14 interview with Fox News...

Author: /time Magazine | Title: The Obama Application | 11/18/2008 | See Source »

...Nevertheless, two of his timely interceptions kept Penn out of the endzone and helped Harvard continue its current seven-game winning streak. The Quakers outmatched the Crimson in almost all aspects on the offensive side of the ball. Yet, when it mattered the most, the Harvard defense stepped its game up, stopping Penn in its tracks on nine out of twelve drives...

Author: By Ricky Liu, CONTRIBUTING WRITER | Title: ATHLETE OF THE WEEK: Senior Big in Three Pick Performance | 11/17/2008 | See Source »

...something that hadn’t really been done before and getting people to believe in it,” he says. “So many of my closest friends didn’t even believe it would happen.” The East Asian Studies concentrator is nevertheless quick to credit all those involved with making the show such a success. “We have great people who gave up their lives and really believed in it,” Parent says. “Last year I was literally doing half of the stuff by myself...

Author: By Ali R. Leskowitz, CONTRIBUTING WRITER | Title: SPOTLIGHT: Timothy M. Parent '09 | 11/13/2008 | See Source »

...Nevertheless, with his advancing age, toothy smiles, and acknowledged struggle with hair loss, Berlusconi still will have a counterpart to turn to in Washington: Vice President Joe Biden. They may both have to resort to gaffes to get a piece of the limelight...

Author: /time Magazine | Title: Why Berlusconi Loves a Good Gaffe | 11/11/2008 | See Source »

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