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...stranger to deficit spending, Japan approved this month a new Policy Package to Address the Economic Crisis worth $156 billion, its third fiscal stimulus package since September - and the umpteenth attempt to jumpstart the economy since the bursting of the asset bubble way back in the 1990s. None of the previous attempts worked, in part because much of the money went to wasteful public works spending in the bailiwicks of ruling-party politicians. The latest spending appears to make more economic sense, targeting job-creation, support for the equity market, increased transfers to regional governments, health-care spending, and energy...
...advertising industry is up against the largest problem it has faced since perhaps when it found a way to reach a national audience in magazines in the early 20th century. TV, cable, magazines and online properties are all attractive ways to reach consumers, but none of them is exhibiting the kind of growth that TV did in the 1960s and the Internet did from 1997 to 2006. People are spending their time on YouTube and Twitter now. Neither has any reason to recommend it as a way to reach people to sell products or services. The roadside billboard is about...
...Disney movie arriving in multiplexes on April 22 features lots of animals - none of them cartoons. The ambitious new nature film called Earth chronicles a year in the life of the planet, opening in the dead of winter at the Arctic, with a mother polar bear peeking her snout out of the snow, and ending at the opposite pole, in the brief Antarctic summer amid a dance of humpback whales...
...football and basketball offer their own substantial challenges. The dominant notion of playoffs and tournament structures in American sport is equally befuddling. Watching the major sporting events in my freshman year with a greater-than-usual sense of confusion, I couldn’t help asking questions: Why can none of these teams settle for a draw? Why do these competitions featuring only American participants contain the word “world” in their title? Why is America inclined—contrary to its capitalist ethos—to reward bottom-placed (read “failing?...
...Critics of such claims argue that what was thwarted were merely al-Qaeda fantasies. "Torture gets people to talk - no question," says a former senior U.S. national security official involved in such matters. "They talk and talk and talk, until you stop hurting them. But in every instance, bar none, you later discover that they've just been lying or exaggerating, or telling you what they think you want to hear." In fact, a 1963 CIA interrogation manual warned that those resisting questioning "are likely to become intractable if made to endure pain" or generate "false, concocted as a means...