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...find it odd that the picturesque little Japanese town of Kuzumaki, where he has lived all his life, generates some of its electricity with cow dung. Nor is the 15-year-old middle school student blown away by the vista of a dozen wind turbines spinning atop the forested peak of nearby Mt. Kamisodegawa. And it's old news to Abe that his school gets 25% of its power from an array of 420 solar panels located near the campus. "That's the way it's been," he shrugs. "It's natural...

Author: /time Magazine | Title: A Japanese Town That Kicked the Oil Habit | 12/22/2008 | See Source »

...average. "The yen's level until last year was abnormally weak. Now it's coming back to normal," he says. Compared to the mid-1990s, he says, the strong yen's negative impact on the Japanese economy is "not that large." To have the same effect as the postwar peak in 1995, the exchange rate would have to reach 48 yen to the dollar, he says, because the U.S. economy has experienced 40% cumulative inflation while Japan has remained relatively flat. "If we think about the inflation rate differentials, the yen is not that strong right...

Author: /time Magazine | Title: As Yen Strengthens, Japan Cuts Rates | 12/19/2008 | See Source »

...didn't know it yet, but we had been playing in the Bernard Madoff Investment Securities LLC Fantasy Financial League. It began when we sold our home at the peak of the market, collected what was left from an old divorce, found other monies and then, with a combination of pleasure and trepidation, handed over our life savings to someone named Stanley Chais, the Los Angeles network organizer for a man named Bernard Madoff...

Author: /time Magazine | Title: How I Got Screwed by Bernie Madoff | 12/15/2008 | See Source »

Such intervention is uncommon in the low-resource nations that are home to the most smokers. In 1992, for example, China reached a smoking rate of 10 cigarettes per person per day - the peak level in the U.S. in the 1950s. Forty years later, Americans paid the price of all that lighting up, with a record 33% of all middle-aged deaths caused by cigarettes. If smoking in China continues to climb in coming years - and without public health programs to discourage it, it likely will - an even higher proportion of its population will succumb to cancer after...

Author: /time Magazine | Title: Despite US Drop, Cancer Rates Grow Worldwide | 12/9/2008 | See Source »

...drudgery and the opportunity to go home in a week. Or maybe the cold is coaxing us into our rooms like turtles into shells. Or perhaps Christmas spirit really does exist. Whatever it is, I’ve noticed that house life at Harvard reaches its peak during the holidays. Girls lay out dresses for house formals, Secret Santas creep through corridors, and the dining halls smell like evergreen forests because of the wreaths we have put up and the trees we have decorated ourselves. Now more than ever, students are retreating into their houses and surrounding themselves with...

Author: By Marina S. Magloire | Title: House and Home | 12/9/2008 | See Source »

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