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After weeks of calls by the Japanese government to do something about deflation and the fast appreciating yen, the Bank of Japan held an emergency meeting Tuesday - and decided what the world's second largest economy needs is more money. Central bank governor Masaaki Shirakawa announced steps to step up monetary easing by injecting 10 trillion yen (about $115 billion) into Japan's financial system. Shirakawa told reporters that these steps could be considered "quantitative easing in a broad sense." The eight-member policy board also unanimously voted to maintain the Bank of Japan's key short-term interest rate...

Author: /time Magazine | Title: Why Japan's Latest Attempt to Boost Its Economy Won't Work | 12/1/2009 | See Source »

...Buffaloes forced 16 turnovers and benefited from a number of foul calls against Harvard, as the teams pulled even at 63 with 1:19 remaining. After Chuck Jeffery put Colorado up with two of her 10 second-half points on a layup, Lippert calmly knocked down two free throws to set up the game’s final possession. Unfortunately for the Crimson, Jeffery converted once again, leaving Harvard on the wrong end of a heated contest...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Splits Pair of Close Games in Tourney | 11/30/2009 | See Source »

...Privateers owned the boards, posting a 53-26 edge in rebounds throughout the contest. By controlling the glass, New Orleans earned itself a 14-2 advantage on points in the paint in the second half as it fought back to a 50-49 lead with 7:24 remaining...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Splits Pair of Close Games in Tourney | 11/30/2009 | See Source »

...sending more troops to Afghanistan will make Americans safer; after all, al-Qaeda's leadership is in Pakistan, not Afghanistan, and recent history shows that terrorists can plot and strike in Moscow and Madrid and Mumbai regardless of whether or not they have a safe haven in Afghanistan. The second problem with the national-security argument is that it is rhetorically defensive - it defines the U.S. mission in Afghanistan in terms of what American troops are fighting against, but provides little sense of what the country is fighting for. (See what to watch for in Obama's Afghanistan speech...

Author: /time Magazine | Title: Obama at West Point: Can He Make the Moral Case? | 11/30/2009 | See Source »

...comes the waiting. A verdict for Duch isn't expected until March. For Theary Seng, the Duch case "is sort of a test trial" for the more important Case Two when four high-ranking Khmer Rouge leaders will be in the dock: Nuon Chea, 83, who was second in command to Pol Pot; former head of state Khieu Samphan, 78; former Foreign Affairs Minister Ieng Sary, 84; and Ieng Thirith, 77, the former Social Affairs Minister. They are expected to face the tribunal in 2011 in a case that could last years. Case Two, says Theary Seng, will make Duch...

Author: /time Magazine | Title: The Khmer Rouge Tribunal: Cambodia's Healing Process | 11/30/2009 | See Source »

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