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...true that Japan has seen the depths of its worst postwar recession, economists say things are still far from good - and a "double-dip" recession is an increasingly likely outcome. "It will take several years, not one or two years, before Japan's output gap, or economic slack, disappears," says JPMorgan chief economist Masaaki Kanno. "Deflation and high unemployment will last for a long time. The question is whether the economy will continue to grow for several years without having the double dip." (See pictures of Japan in the 1980s and today...

Author: /time Magazine | Title: Japan's Economic Green Shoots Could Wither Fast | 7/1/2009 | See Source »

...children and wants to have a career. And she was pilloried for this. Is there a double standard there? Of course. There is no question that it is easier to outrage people by celebrating one's bad motherhood than celebrating one's bad fatherhood. People cut men more slack. Ayelet is writing a much more controversial book than I ever could unless I said something like, "I intend to kill my children." (Read an interview with Ayelet Waldman...

Author: /time Magazine | Title: Michael Lewis on Father's Day | 6/19/2009 | See Source »

...Sadekar insists she's picking up the LPGA's slack. "We feel like the LPGA isn't marketing players the way they should be marketed," says Sadekar. "The door is wide open for us, and the opportunities are endless." By promising extra income and exposure to a broader audience, she's shooting to hire more LPGA pros as the tour struggles in a sour economy and crowded sports landscape. She points to the lack of buzz surrounding the world's top-ranked women's golfer, Lorena Ochoa, as an example of the LPGA's ineptitude. "With every...

Author: /time Magazine | Title: Lady Golfers for Rent: Escort Service for Duffers? | 5/21/2009 | See Source »

...disruption that a pandemic might cause outside the health sector--what Michael Osterholm, who heads the Center for Infectious Disease Research and Policy (CIDRAP), terms "collateral damage"--could be even worse. The "just in time" supply chain on which so many U.S. corporations rely leaves little slack and could buckle during a pandemic. In a report last year, CIDRAP noted that 40% of the U.S. coal supply, which generates half the nation's electricity, is shuttled from mines in Wyoming to the rest of the country by train. If a pandemic simultaneously sickened enough coal workers--or the tiny number...

Author: /time Magazine | Title: How to Prepare for a Pandemic | 5/18/2009 | See Source »

...other side is former Representative Porter Goss, who was the only other Representative at the same briefing as Pelosi in 2002. Goss, who went on to head the CIA, said in an Op-Ed in the Washington Post that they had been told about the EITs. "Today, I am slack-jawed to read that members claim to have not understood that the techniques on which they were briefed were to actually be employed; or that specific techniques such as 'waterboarding' were never mentioned," Goss wrote...

Author: /time Magazine | Title: How Waterboarding Is Drowning Pelosi | 5/14/2009 | See Source »

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