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...Japan's "lost decade," that seemingly endless period of economic listlessness during the 1990s, may have felt a collective chill run down their spines recently. In the second quarter, Japan's GDP plunged 2.4%, the sharpest quarterly decline in seven years. Due to higher prices for imports such as oil, slumping exports and weak domestic demand, it now appears Japan may have slipped into recession in the fourth quarter...

Author: /time Magazine | Title: Stop the Rot | 8/28/2008 | See Source »

...Also needed are tax cuts that would encourage investment in energy conservation and alternative-energy development. High oil prices offer an opportunity to boost energy-saving technologies, among them hybrid cars and solar panels. Japan is already a leader in these fields. With the proper support, the country can capitalize on its comparative advantage in global markets...

Author: /time Magazine | Title: Stop the Rot | 8/28/2008 | See Source »

...record is clear. I believe that the world is better off without Saddam Hussein. I believe it's clear that he had every intention to acquire and use weapons of mass destruction. I can only imagine what Saddam Hussein would be doing with the wealth he would acquire with oil at $110 and $120 a barrel. I was one of the first to point out the failure of strategy in Iraq under [former Defense Secretary Donald] Rumsfeld. I was criticized for being disloyal to the Republicans and the President. I was the first to say I would lose a campaign...

Author: /time Magazine | Title: Q&A: John McCain Talks With TIME | 8/27/2008 | See Source »

Southside will also use eco-friendly chemical cleaners, biodegradable to-go containers, and bulk sugar and ketchup dispensers instead of disposable packets. Kitchen waste oil will be filtered and reused before being donated to biodiesel-fuel depots. Even the leftover food on students' plates will do double-duty. Food scraps and biodegradable napkins will be washed into a contraption called the pulper, where they will get, well, pulped. The resulting slurry will be pumped to the first-floor extractor, in which it is dehydrated and turned into a material resembling sawdust. The remaining "food dust" is then dumped into...

Author: /time Magazine | Title: The War on College Cafeteria Trays | 8/25/2008 | See Source »

There are, not surprisingly, still debates among Democrats over details and priorities: a Pew Research survey released last week found Democratic voters split over issues like trade and whether to drill for oil. The crop of more conservative candidates running this election cycle will, if elected, increase the numbers and clout of Blue Dog Democrats in Congress, who don't always see eye to eye with the party's congressional leadership. And Obama's generally restrained style and pragmatic, postpartisan approach to politics have not provided an outlet for the frustration and rage that has developed in some pockets...

Author: /time Magazine | Title: How United Are the Democrats? | 8/25/2008 | See Source »

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