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...latest economic indicators are dire: exports were down nearly 14% in the fourth quarter, a record three-month drop; with U.S. consumers shutting their wallets, the big guns of corporate Japan - among them Toyota and Sony - are forecasting historic losses and firing thousands of workers; Japan's unemployment rate has spiked to 4.4%, a level not seen in more than five decades. "We have a once-in-a-hundred-year crisis and the policy response is not even average," says Jesper Koll, president and CEO of Tantallon Research Japan. "The people running the show are not politicians, not independent...

Author: /time Magazine | Title: Crunch Time | 2/19/2009 | See Source »

...Medical record modernization $17.6 billion...

Author: /time Magazine | Title: What's in the Stimulus? | 2/19/2009 | See Source »

...Lankan government insists that its human-rights record is excellent compared with that of the Tigers. "In a war situation, you can't stop violating human rights in small ways," says Lakshman Hulugalle, a spokesman for the Sri Lankan Defense Ministry. "In Iraq, how many innocent people were killed?" Hulugalle says any concerns raised about the army's practices should also acknowledge the abuses of the LTTE and that there are many. Indeed there are. People from the Vanni say they left home not just to escape the fighting but also to get away from the forced recruitment of their...

Author: /time Magazine | Title: The Tigers' Last Days | 2/19/2009 | See Source »

...ToDVDs are fine. We thought so before Blu-ray and still do. They were a big advance over videocassettes in clarity and durability; whereas a cassette, like a vinyl record or an eight-track, deteriorated simply by being played, DVDs don't erode with age. The Searchers, The Third Man, The Dark Knight and WALL?E all look terrific on DVD. As terrific as on Blu-ray? Not quite. But what are we, eye doctors...

Author: /time Magazine | Title: Is Blu-ray Worth Getting? | 2/19/2009 | See Source »

...Christie's will sell off the pair's entire collection - paintings and sculptures, antiquities and furniture - in an unprecedented auction at Paris' Grand Palais. Despite the economic crisis, experts say the rarity and quality of the works virtually ensures the sale will shatter the all-time auction record for a private collection: $206 million hauled in for the estate of Victor and Sally Ganz...

Author: /time Magazine | Title: On Auction: The Art that Inspired Yves Saint Laurent | 2/18/2009 | See Source »

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