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...Budget flexibility would help prevent bureaucrats and politicians from making things worse. To make things better, the administration needs to get Japan back on the road to structural economic reform. Since Fukuda became Prime Minister last September, he has not shown much enthusiasm for reform. Now is the time to review this nonagenda. A good place to start would be tax cuts. Japan's effective corporate tax rate of 40% is the highest among developed economies; it should be reduced to 35% or even less. This would not only enhance the international competitiveness of Japanese firms but also give incentives...

Author: /time Magazine | Title: Stop the Rot | 8/28/2008 | See Source »

...bring about the current government's collapse. Nevertheless, Anwar isn't assured a place as Malaysia's next Prime Minister. For one, he still faces trial on the latest sodomy charge, which he denies. And Anwar's political alliance is an unwieldy amalgamation of Chinese patriots, conservative Muslims and reform-minded technocrats. But if Anwar can keep such a disparate miscellany of parties unified, then he might just be the man to rule a new Malaysia...

Author: /time Magazine | Title: The Moment | 8/28/2008 | See Source »

Just as the Democratic Leadership Council paved the way for Clinton's presidential run in 1992 by airing centrist policy ideas like welfare reform and crime reduction, new progressive think tanks like Third Way have laid the groundwork for Obama's candidacy. But while the DLC's mission was to shake the Democratic Party by its heels, Third Way resembles Obama in style as well. "We play a role helping bridge gaps," says one of the group's founders, Matt Bennett. "I think we've helped move the party in a new direction that opened up the tent a little...

Author: /time Magazine | Title: How United Are the Democrats? | 8/25/2008 | See Source »

...exploded: What now for China? Will party hardliners, emboldened by the world's timid response to their brutal pre-Games crackdown on dissent, continue to tighten their grip on power? Or will the spirit of volunteerism and community that arose after the May earthquake in Sichuan be revived? Could reform-minded party officials - like those who approved the publication of Southern Window's special issue - gain ground in their drive to loosen control over areas such as the courts and the media...

Author: /time Magazine | Title: Where China Goes Next | 8/25/2008 | See Source »

...There are serious issues that have been accumulating, including ethnic problems in Tibet and Xinjiang, as well as social issues and conflicts that have been temporarily covered up by force to guarantee a 'successful Olympics,' " says He Weifang, a Peking University law professor and reform advocate. "I cannot predict whether there will be an immediate outbreak of all these problems after the Olympics. But there will be an outbreak if the government does not take steps to tackle the domestic problems...

Author: /time Magazine | Title: Where China Goes Next | 8/25/2008 | See Source »

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