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Fukuda has not said when his resignation takes effect. But if the LDP elects Aso as president, the expectation is that the much-more appealing leadership could restore confidence in the party and help it win the general elections that needs to take place before Sept. 2009. Aso is a...

Author: /time Magazine | Title: In Japan, A Strategic Resignation | 9/1/2008 | See Source »

There are already about $1 billion worth of projects on the books to divert sediments, restore marshes and rebuild barrier islands. But those projects are moving much, much slower than the levee projects, and scientists have estimated that real restoration could cost $20 billion or more. "Coastal restoration is just...

Author: /time Magazine | Title: Can Louisiana Take Gustav's Punch? | 8/29/2008 | See Source »

Stitzer says he's under no pressure to do a deal. When Nestlé acquired Rowntree in 1988, there were similar predictions of industry consolidation that never materialized, he says. "I don't think I'd be a proponent of the domino theory of consolidation." He insists he's committed to...

Author: /time Magazine | Title: Is Parting Sweet for Cadbury? | 8/28/2008 | See Source »

In 2000, McCain ran for President as a reformer, vowing to clean up Washington and restore honor to the presidency after eight years of Bill Clinton. But the wheels came off the Straight Talk Express right after New Hampshire, when he impulsively decided to pull all his negative ads off...

Author: /time Magazine | Title: Understanding John McCain | 8/28/2008 | See Source »

The two-sentence statement, straightforward and clear as a bell, came from the North Korean foreign ministry on Aug. 26. "We have decided to immediately discontinue the disablement of our nuclear facilities that has been under way in accordance with the Oct. 3 [6-party] agreement. We will consider taking...

Author: /time Magazine | Title: N Korea Reneges on Nukes — Again | 8/27/2008 | See Source »

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