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...common affliction throughout the developed world. But by looking at Japan, we can get a good idea of the damage it can do. Unwilling to make hard choices, the government simply threw taxpayer money around, attempting to keep people employed without fundamentally changing the economy. The result is government debt approaching 200% of GDP. Overly protected at home, Japan Inc. has missed out on the globalization game; its companies, unable to adapt to a changing world, are losing global market share to more nimble competitors. The nation that once led the way toward prosperity in Asia is sitting by while...

Author: /time Magazine | Title: What Japan's Years of Paralysis Teach America | 3/29/2010 | See Source »

...president indicated that he felt President Karzai had made good progress on the issues discussed on the video conference," the senior official said. "As a result, [Obama] asked President Karzai to come visit...

Author: /time Magazine | Title: Obama's Afghan Visit: Progress and Prodding | 3/28/2010 | See Source »

Within ten minutes a researcher can have a working Geographic Information System environment with data downloaded from the Web site, Berman explained, but it takes hours or days to try to figure out which search result from Google...

Author: By Sirui Li, CONTRIBUTING WRITER | Title: Harvard Designs Earthquake Portal | 3/26/2010 | See Source »

...fact, the family of champions always made sure that their son knew there would always be a winner and loser in life. As a result, Brent grew up well aware that, despite his successes, he must always be prepared for a turning of the tide...

Author: By Scott A. Sherman, CONTRIBUTING WRITER | Title: Family Wisdom Guides Suter | 3/25/2010 | See Source »

Leftists described the election and its result as a referendum on the right's national leadership - a claim difficult for Sarkozy's government to deny, given that 20 Cabinet members (including eight full ministers) who ran in the polls were roundly defeated. "The President of the Republic, the government and its majority must take into account this thrashing defeat and recognize their failure," said 2007 Socialist presidential candidate Ségolène Royal, who triumphed in the Poitou-Charentes region. "The French people have spoken, and I believe they must be heard," echoed Socialist Party leader Martine Aubry. "Hearing...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

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