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...steady increase in the number of homeless kids, as the Twin Cities area has hemorrhaged manufacturing jobs and the supply of affordable housing has dwindled. The recession has worsened the problem: between July and December, Minneapolis Public Schools (MPS) tallied nearly 20% more homeless students than during the same period the year before. Perhaps out of necessity, the district has become a national model for how to identify what it refers to as "highly mobile students" and ensure that their education is not interrupted. Case in point: Since September, when second-grader Ty'jhanae Walker moved with her family...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, making it the worst quarter on record. South Korea's GDP shrank 3.4%, Singapore's fell 4.2%, and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at the brokerage CLSA in Hong Kong, predicts the dismal numbers will persist. He expects GDP in Taiwan and Singapore to contract at double-digit rates this year. "We've never seen an external shock in Asia like this," says Fishwick...

Author: /time Magazine | Title: The Tiger Trap | 3/12/2009 | See Source »

...come as early as May 24, which is, by coincidence, Ozawa's 67th birthday. If the DPJ does indeed supplant the ruling Liberal Democratic Party (LDP) and form a government, the significance of its victory would be enormous. The LDP has held power continuously (save for a brief period in 1993) since the modern Japanese political system took root in 1955. And it would not just be any old opposition leader who would be taking over; it would be the man who for nearly 20 years has been a backroom maverick in Japan's political system, who detests...

Author: /time Magazine | Title: Ozawa: The Man Who Wants to Save Japan | 3/12/2009 | See Source »

...role in the Nishimatsu scandal illuminates the paradox of Ozawa's place in Japanese politics. He is at one and the same time the single most radical critic of the Japanese postwar political establishment (it was his decision to bolt the LDP in 1993 that led to its only period out of office) and a supreme exemplar...

Author: /time Magazine | Title: Ozawa: The Man Who Wants to Save Japan | 3/12/2009 | See Source »

...there is in Japan always a nostalgia for a supposedly simpler past rather than an unpredictable future. In Tokyo's Ota Memorial Museum of Art this month there is an exquisite exhibition of ukiyo-e woodblock prints by Yoshu Chikanobu, displaying Japan during the Meiji period when Western habits - European music and military uniforms, guns, crinolines - were beginning to replace the old ways...

Author: /time Magazine | Title: Ozawa: The Man Who Wants to Save Japan | 3/12/2009 | See Source »

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