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...That insecurity helps explain why Japanese consumer spending has remained stagnant. Each month in 2006, households spent less than they did in the same month in 2005. A Cabinet Office report found that household sentiment swooned in December, and Japan's top three department stores reported declining sales in the run-up to the country's New Year holiday. While unemployment has declined from 5.4% in 2002 to 4.1% at the end of 2006, wages have gone nowhere. According to statistics from the Ministry of Health, Labour and Welfare, the average Japanese made $2,881 a month...

Author: /time Magazine | Title: Can Shinzo Abe Find His Way? | 2/15/2007 | See Source »

...first weekend of campaigning. "This is not only about me," he would say, launching into a lengthy and crowd-deadening disquisition on how, as a former community organizer, he understood that change comes from the grass roots up, not from the top down. O.K., O.K., it's a fine sentiment. But it's wrong: this campaign is all about him. In fact, given Obama's slim political résumé and drop-dead charisma, his campaign is more candidate-driven than most. It's all about the spectacular keynote speech he gave to the Democratic National Convention...

Author: /time Magazine | Title: How to Build a Bonfire | 2/15/2007 | See Source »

...deny that Iran has an interest in Iraq, and that is a matter of concern," said Abu Firas al-Saedi, a senior Dawa leader. "But the real question is: 'Why are the Arab states allowing terrorists to enter Iraq through their borders, and why are they financing them?'" That sentiment was echoed by parliamentarian Falah Shansal, from the Shi'a bloc of radical cleric Moqtada al-Sadr. "There are groups in Saudi Arabia who finance terrorism in Iraq," he said. "Why are the Americans not talking about this...

Author: /time Magazine | Title: Sunnis and Shi'a Divided on Iran | 2/12/2007 | See Source »

...only emptied Mass. Hall but also deterred future leaders. Former Classics Chair Richard F. Thomas says that the Summers contretemps has influenced how Harvard is currently perceived. “I suspect many possible candidates might have declined because there’s a certain amount of anti-Harvard sentiment out there, even in universities where they should know better,†he said. But it is a claim that many professors reject. History Department Chair Andrew D. Gordon ’74 calls the view that his colleagues cannot be led “idiotic...

Author: By Samuel P. Jacobs, CRIMSON STAFF WRITER | Title: President of Harvard: A Plum Job No More? | 2/9/2007 | See Source »

Palestinians may still be celebrating the Mecca accord reached between rival factions of Hamas and Fatah to form a national unity government, but there is no such sentiment coming out of Washington. "Peace is not at hand," a senior U.S. official said today. But while the Bush Administration may view the deal as a setback for the prospects of Middle East peace, many observers think it is really a setback for U.S. influence in the region - especially its goal of isolating Hamas...

Author: /time Magazine | Title: U.S. the Big Loser in the Mecca Deal? | 2/9/2007 | See Source »

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