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...country is in its second decade of economic paralysis. Consumers aren't buying much. Bankers aren't lending much. The government is deep in hock. The only hope of escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...

Author: /time Magazine | Title: Recovery At Risk | 8/6/2001 | See Source »

...just at UCLA. At Mount Sinai Hospital in New York City, dogs have been incorporated into rehabilitation treatments for victims of brain and spinal-cord injuries. At the Medical College of Virginia in Richmond, Sandra Barker brings her own Lhasa apso to relax shock-therapy patients who are visibly trembling before treatment. In Texas, dogs are used to motivate children recovering in burn units and to calm residents in Alzheimer's wards...

Author: /time Magazine | Title: Canine Candy Stripers | 8/6/2001 | See Source »

...country is in its second decade of economic paralysis. Consumers aren't buying much. Bankers aren't lending much. The government is deep in hock. The only hope of escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...

Author: /time Magazine | Title: Recovery At Risk | 8/1/2001 | See Source »

...couple of dates." "He's been separated for months now," said Kingsley, "and I think both he and Nicole [Kidman] have had enough time to get adjusted to not being married." Speak for your own client. A friend of Kidman's tells PEOPLE that the Aussie actress was "in shock" about the Cruz news because he had months ago denied to her rumors of excessive chemistry between him and his Vanilla Sky co-star. "She's been wondering why the marriage ended," claims the friend, "and this could be it." Or maybe Kidman just wouldn't change her last name...

Author: /time Magazine | Title: People: Jul. 30, 2001 | 7/30/2001 | See Source »

...singing ditties like New Beijing Love, New Olympic Dreams. Then President Jiang Zemin hitched a ride to Tiananmen Square for the most populist performance of his career. He appeared on the rostrum overlooking the crowd?near the same place Chairman Mao Zedong had reviewed a million Red Guards, the shock troops of the Cultural Revolution?and waved his arms like a conductor as the masses sang along with a revolutionary hymn that boomed from loudspeakers. The roar of support was deafening. "Seeing him was like a dream; I will treasure this night forever," said Xu Zhenyi, a bicycle repairman...

Author: /time Magazine | Title: Beijing Bags It | 7/26/2001 | See Source »

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