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...Japan's minister for economy, trade and industry, Kaoru Yosano, summed it up on Monday when he said, "Japan is in a very serious situation." Last month, as the nation's export-driven economy watched global demand slow down, Japan's Nikkei index fell to a 26-year low. Couple this with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan...

Author: /time Magazine | Title: Why Japan Has Slipped Into Recession | 11/18/2008 | See Source »

...first two years, I played poker as a hobby. I was very fascinated by the game. I put a lot of hours and hands into it. But I didn't get into poker with a serious approach, which means reading books, reading online forums, learning all the fundamentals before you start off. I kind of just learned by doing...

Author: /time Magazine | Title: The New King of Poker | 11/17/2008 | See Source »

...first visit to the White House, President-elect Barack Obama asked President George W. Bush to support giving some aid to the tanking auto industry but was rebuffed. A month ago, the proposal might have received serious consideration, but the atmosphere inside the Administration has changed now that the most dangerous part of the crisis appears to have passed. "There wasn't much of a debate" among Bush's top economic advisers about using part of the bailout money to help automakers, says a senior Treasury Department official. Of the first $350 billion released by Congress last month under...

Author: /time Magazine | Title: Congress Returns — and So Do Economic Fissures | 11/17/2008 | See Source »

...Beyond providing the e-mails, Grimes has given a written statement to the Department of Justice that Canary had "kept up with every detail of the [Siegelman] case." If true, Conyers told Mukasey, this raises "serious concerns" because "it is difficult to imagine the reason for a recused [U.S. Attorney] to remain so involved in the day-to-day progress of the matter under recusal...

Author: /time Magazine | Title: More Allegations of Misconduct in Alabama Governor Case | 11/14/2008 | See Source »

...members of the Siegelman jury. In nine days of deliberation, jurors twice told the judge they were deadlocked and could not reach a decision. After the panel finally delivered a conviction, allegations emerged that jurors had discussed the case in e-mails among themselves and downloaded Internet material - serious breaches that could have invalidated the verdict. But the trial judge ruled that the jurors' alleged misconduct was harmless...

Author: /time Magazine | Title: More Allegations of Misconduct in Alabama Governor Case | 11/14/2008 | See Source »

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