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...value has hovered at around 90 to the dollar for the past two weeks. But currency experts predict it could climb to 85 over the next few months - a level that could trigger intervention by the Ministry of Finance and the Bank of Japan, which would buy dollars in currency markets to boost the greenback and undercut the yen. Some analysts say the exchange rate could soon reach 80 yen to the dollar. That would almost certainly spark another plunge in Japan's beleaguered stock markets - another concern for Japanese authorities...

Author: /time Magazine | Title: Why the Yen Is Killing Japan Inc. | 1/7/2009 | See Source »

...evidence suggesting that certain areas of the diabetic brain - such as the amygdala, which processes emotions, and the hippocampus, which is related to memory - are smaller than normal, a difference that may affect learning and recall of information. Early studies have even suggested that these physical differences may also predict Alzheimer's disease. While Dixon's study did not find a difference between the diabetes patients and controls on memory skills, Jacobson says the connection between the two diseases is an area of intense research...

Author: /time Magazine | Title: Study: Diabetes Linked to Cognitive Decline | 1/5/2009 | See Source »

...flashbulbs, a darkening storm hangs over the nation. The national and global economies continue to deteriorate at a terrifying pace. The ISM Manufacturing Index, a key measurement of domestic production, hit a 28-year low in December. Payrolls fell an additional half million last month, leading economists to predict that the total job losses in 2008 were greater than at any point since the immediate aftermath of World War II. The housing-price free fall has yet to show any clear sign of stabilization...

Author: /time Magazine | Title: Obama Gets Ready for His Washington Closeup | 1/5/2009 | See Source »

Researchers predict the region's economic recovery will last at least seven years - far beyond the expected end of the national recession sometime in 2010. Even so, there will be some downward pull from the U.S. economic slump. In 2009, for instance, they expect some 8,000 jobs to be added here, a figure that will drop to 6,500 jobs in 2010. "While the rest of the United States is in a deeper recession than anyone expected, we're certainly in a better place - we are an economy that's still looking for workers," says Janet Speyrer, associate dean...

Author: /time Magazine | Title: Still Waiting for the Recession in New Orleans | 1/2/2009 | See Source »

Satoru Ogasawara, economist for Credit Suisse in Tokyo who covers foreign exchange, expects the yen to advance to 85 to the dollar within three months and to 83 over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop...

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

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