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...Thankfully, in the face of mounting bad news on the budget front, Hatoyama is not stubbornly clinging to pledges of fiscal austerity. Major spending cuts have been rendered unrealistic by the current economic climate. Falling real wages and low business investment mean Japan's recovery is fragile. A recent Nikkei newspaper survey showed that 38% of top Japanese executives rated the likelihood of another downturn next year as high or somewhat high. The biggest risk, cited by 69% of respondents, was "the effect of fiscal stimulus measures wearing off." Hatoyama appears to be willing to continue stimulus spending under...

Author: /time Magazine | Title: Hatoyama's Challenge in Japan | 11/9/2009 | See Source »

...Tuna-ranching has proven to be a good way to do business - too good, some argue. In recent years, many boats have joined in the lucrative business of taking fish to ranches like these, sometimes netting more tuna than they're allowed to, or catching underage fish that have not had the chance to spawn. "Fattening is the motor that drives overfishing," says Sebastian Losado, oceans policy adviser for Greenpeace in Madrid. Oversight of this kind of illegal fishing - and more generally, stewardship of the fish - has proven weak. Last November, the International Commission for the Conservation of Atlantic Tunas...

Author: /time Magazine | Title: Hunting for Tuna: The Environmental Peril Grows | 11/9/2009 | See Source »

...Jesuit ideal can also be found in more recent graduates like Will Ahee and Tom Howe. Both grew up in tony communities - Grosse Pointe and Birmingham - that may be geographically close to Detroit but are worlds away culturally. Through U of D, they volunteered with Earthworks, an urban garden project that is reclaiming for sustainable agriculture some of the thousands of acres of abandoned lots in Detroit. When they graduated a few years ago, Ahee and Howe could have had their pick of universities. They chose to stay in Detroit and attend Wayne State University, where they study comprehensive food...

Author: /time Magazine | Title: Jesuit Message Drives Detroit's Last Catholic School | 11/9/2009 | See Source »

...meantime, the Establishment is obligated to roll its eyes. Obama has likened cable news to professional wrestling and said in a recent TV interview, "The media encourages some of the outliers in behavior because, let's face it, the easiest way to get on television right now is to be really rude." But Obama plays the game too: his online fundraising pitches read like populist fairy tales, with the big insurance industry playing the wicked witch of K Street. And at a fundraiser in Miami on Oct. 26, the President called Grayson an "outstanding member of Congress...

Author: /time Magazine | Title: Welcome to the Fun House | 11/9/2009 | See Source »

...health-care providers to what Medicare reimburses. Given that Medicare reimbursement rates can be 30% lower than those paid by private insurers, such a system could be a powerful one at holding down costs and could save the Federal Government $110 billion over 10 years, according to the most recent estimates by the Congressional Budget Office (CBO). (The Federal Government's costs here would primarily be the subsidies it gives low- and middle-income people to help pay their premiums.) Not surprisingly, that robust public option faces strong opposition from doctors and hospitals, who complain they are already underpaid...

Author: /time Magazine | Title: The Strange Career of the Public Option | 11/9/2009 | See Source »

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