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...change. Unlike in the 1990s, a lack of proactive government policy threatens to make the situation worse for ordinary Japanese. Contrast the Japanese government's inaction in the face of recession with the steps the U.S. has taken in the past nine months, among them a series of interest-rate cuts and tax rebates. No wonder the Japanese public exhibits so little confidence in the administration of Yasuo Fukuda, whose approval ratings bottomed out at just above 20% in May before recovering marginally after he reshuffled his Cabinet...
...fair, the administration has some severe constraints on its ability to use fiscal and monetary tools to stimulate growth. Government debt stands at a whopping 160% of GDP, so the country can't readily spend its way back to prosperity. Cut interest rates? Not when the Bank of Japan's policy rate already stands at 0.5%. Still, Fukuda and his newly appointed Cabinet ministers have options...
...allowed to work in the European Union. Gharbi can earn thousands of euros a day by renting out 32 rooms to prostitutes in three eight-hour shifts; he keeps 15% and gives the rest to the two absentee building owners. The women charge their clients a going rate of about $75 for sex; the rooms rent for up to $225 for the shift between 8 p.m. and 4 a.m., when the tourist groups have left and the serious customers arrive. Says Gharbi, "I rent rooms just like Mr. Hilton...
...months of pitched battle and a summer of what-ifs would change anyone; they've turned Clinton into a first-rate stage presence. She followed a tough act, Montana governor Brian Schweitzer, who woke up a drowsy crowd with a barn burner of a speech on - of all things - energy independence. Yet Clinton managed, without a lot of poetry or melodrama, to take the gathered Democrats up another couple of notches toward fever country...
...This year, the overall response rate to the peer survey was just 46 percent, though it was a bit higher—56 percent—in the "national universities" group of which Harvard is a part, according to Morse...