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...behind the economic situation. On Nov. 20, the day that Hatoyama acknowledged deflation, Shirakawa said, "We need to work on the core reason for [deflation]: weak final demand as seen in capital investment and private consumption." Economists estimate Japan's demand shortage at around $400 billion a year. (Read: "Japan's Latest Economic Ailment: Deflation...

Author: /time Magazine | Title: Why Japan's Latest Attempt to Boost Its Economy Won't Work | 12/1/2009 | See Source »

...Read "Spotlight: Paying for the Afghan...

Author: /time Magazine | Title: Obama's Afghanistan Speech: What to Watch For | 12/1/2009 | See Source »

...Read "Wartime Presidential Speeches: Truth as the First Casualty...

Author: /time Magazine | Title: Obama's Afghanistan Speech: What to Watch For | 12/1/2009 | See Source »

...proposal may make political sense during a recession, but the estimated cost of the additional troops - perhaps $40 billion annually - is just over 1% of this year's federal budget. Don't expect Obama to play bean counter tonight, which will upset Democrats more than the GOP. (Read "Obama Weighs the Cost of an Afghan Surge...

Author: /time Magazine | Title: Obama's Afghanistan Speech: What to Watch For | 12/1/2009 | See Source »

...Whether the Justice Department opts to prosecute the pair "would all be based on what it is they said to those agents." Even if the two were then welcomed into the White House, they could still face a trespassing charge if they were granted permission based on a lie. (Read "Obama's 'Mistakes': Way Too Early to Judge...

Author: /time Magazine | Title: Could the White House Party Crashers Go to Jail? | 12/1/2009 | See Source »

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