Word: recessional
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But the DPJ is finding it easier to make campaign promises than to keep them. Less than two months after taking over, Hatoyama's administration is being forced into a difficult balancing act between the need to prevent a double-dip recession and the desire to keep Japan's budget...
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...
Yet Hatoyama is not explaining this U-turn very well - nor is his message consistent. For example, he has indicated that, in the interest of fiscal responsibility, he may toss overboard some of the $77 billion in programs that the DPJ offered to increase household disposable income. The purpose of...
This has not gone entirely unrecognized. On Aug. 1 - Switzerland's 718th birthday - the Swiss National Museum in Zurich opened a new permanent exhibition to chart a history of immigration since the Bronze Age. In a section called "No One Has Been Here All the Time," visitors to the museum...
But so far, like much radio content, it's mostly talk. Satellite radio has been stunted by the recession and a lack of must-have content beyond Howard Stern. Consumers have taken slowly to HD radio receivers--there's an industry joke that HD stands for Huge Disaster. And there...