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...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 at 0.1%. Doubts, however, remain about what the boost to liquidity will actually achieve...

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

...Tuesday, Deputy Prime Minister Naoto Kan, who is also the national strategy chief, and Finance Minister Hirohisa Fujii, stressed the importance of quantitative easing to the Bank of Japan. In turn, the Bank agreed to cooperate by lending 10 trillion yen, in the form of short-term loans, to commercial banks at the rate of 0.1%, and to accept government bonds and corporate debt as collateral...

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

...addition, the article misquoted Deol as saying that her film was the only film produced independently that was on the short list for an Oscar and as saying that women frequently rise through the ranks of the guerrilla army in Nepal. In fact, she said that women only sometimes are able to move up through the army’s ranks...

Author: By Amira Abulafi, CONTRIBUTING WRITER | Title: Deol’s Film On Oscar Shortlist | 12/1/2009 | See Source »

Despite all the preparation, Ryabkina didn’t get doctor’s clearance to play until the night before the game. The short notice—and long layoff—meant nerves were inevitable...

Author: By Daniel K. Lakhdhir, CONTRIBUTING WRITER | Title: Back On Ice, Junior Snaps Deadlock | 12/1/2009 | See Source »

...mere fact that Obama has reached a decision on Afghanistan, coupled with the speech's West Point backdrop and the President's oratorical gifts, will probably boost public support for the war effort in the short run. But it is unlikely to convince most Americans that a war that has already lasted more than eight years is worth fighting indefinitely. Even if Obama sets a target date for leaving Afghanistan, he'll still be asking the public to sign on to a major escalation that will see many more Americans killed and wounded, and will cost hundreds of billions more...

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

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