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...same is not true south of the border. Under the best-case scenario in the U.S., unsteady financial institutions will need to off-load toxic assets to Washington's "bad bank" in order to start rebuilding balance sheets. Others, like Citigroup and Bank of America, that are teetering on the brink of insolvency will need new capital just to remain on life support. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: What Obama Can Learn From Canada on Bank Bailouts | 2/19/2009 | See Source »

...soon, an exasperated Japanese electorate could hand the DPJ enough seats in a general election to take control of the Diet and choose a new Prime Minister. Aso may not survive as the nation's chief long enough to suffer that humiliation, though. "There's no optimistic short-term scenario for Japan," says Gerald Curtis, professor of political science at Columbia University. Aso "is going to have to quit...

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

...agency. In the best case, the camps, under the monitoring eye of U.N. agencies, will be used as holding stations where the army can weed out any LTTE fighters who remain in hiding, before allowing civilians to return to the Vanni to rebuild the north. "In the worst-case scenario, they establish concentration camps for Tamils," the official says. There have been no reports of mass killings, but aid groups and human-rights workers say that they are troubled by reports of disappearances and that they cannot monitor the safety of detainees without full access to them...

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

...such a scenario, a company would not necessarily have to care about global warming for carbon labels to make sense. Such labels will draw attention to the issue of carbon emissions and spur national efforts to discover alternative energy sources. With the price of fuel high and the future uncertain, reducing dependence on foreign energy can only be a good thing...

Author: By Malcolm-wiley T. Floyd, CRIMSON STAFF WRITER | Title: More Taste, Less Carbon | 2/17/2009 | See Source »

...must call a general election by September, and one could come as early as April. But as his approval ratings plummet, speculation is increasing that he will be forced to step down soon. "There's no optimistic short-term scenario for Japan," says Curtis. "The economy will get worse. Politics will get worse. That's the cruel reality of Japan today." And that means Aso's support rating can only get worse. "It's too late for Aso to turn it around," Curtis says. "He'll lose a point a week and by early March he'll be down...

Author: /time Magazine | Title: Japan's Prime Minister Aso Faces Ugly Economic Truths | 2/16/2009 | See Source »

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