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...After an initial period of shock, complete paralysis gripped policymakers?and for an agonizingly long period the economy contracted. The initial policy reflex to raise interest rates, curb investment and dampen consumption rendered a dire situation worse, just as similar Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond...

Author: /time Magazine | Title: It's Morning in Japan | 3/13/2006 | See Source »

...After an initial period of shock, complete paralysis gripped policymakers-and for an agonizingly long period the economy contracted. The initial policy reflex to raise interest rates, curb investment and dampen consumption rendered a dire situation worse, just as similar Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond...

Author: /time Magazine | Title: It's Morning in Japan | 3/12/2006 | See Source »

...Yorker’s cartoon editor Bob Mankoff when he guest-lectured at Harvard Medical School Professor Nancy Etcoff’s Psychology 987i: Science of Happiness lecture. We talked about God, Summers, and laughter, which, in Mankoff’s words, is the one “reflex which immobilizes us, which prepares us to do nothing and actually inhibits us from doing things.” FM must be laughing really hard because nothing is getting done and we just feel really trapped right now. It was a nice interview, though; here are some things we discussed...

Author: By Leon Neyfakh, CRIMSON STAFF WRITER | Title: “They Laughed for Six Months. That Was Dangerous. Two of These People Died. ” | 3/8/2006 | See Source »

...North American and European divisions, and last year Ford lured a hot hand from Chrysler, Freeman Thomas. At Chrysler, he sketched the initial concept for the 300 sedan, one of Chrysler's biggest hits in a decade. At Ford, Thomas has already won praise for a concept car, the Reflex, featuring solar panels, butterfly doors and internal insulation made of recycled Nike shoes. "Bill [Ford] has come out and said, 'We're going to do more compelling and emotional design,' and he's sent that message internally," says J Mays, group vice president of design. "That's taken the shackles...

Author: /time Magazine | Title: Driving Toward A Snazzier Style | 1/22/2006 | See Source »

Christakis explains that the human mind?especially the mind of a baby?is driven by what Ivan Pavlov (of the famous dog) called the orienting reflex. When a baby is confronted with a novel sight or sound, he or she can't help focusing on it. By rapidly changing colors, sounds and motions, videos for children effectively force a baby's brain to stay at attention. If his or her gaze wanders, the action quickly rivets it back to the screen...

Author: /time Magazine | Title: Getting Sharp: Want a Brainier Baby? | 1/8/2006 | See Source »

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