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...pairs for herself and her friends back home. "It's no good if it's not red," she says with the authority of someone who wears such things every day. "It keeps you warmer." As do the copious amounts of Japanese sake, beer and wine that stand out near the entrance to the local 7-11. One employee, Daisuke Fukumoto, says that retired men often drink outside while seated in Sugamo's plentiful rest areas, or take a tipple with them for the ride home. Unlike in the real Harajuku, "not too many young guys come in here," he adds...

Author: /time Magazine | Title: Postcard: Tokyo | 2/21/2008 | See Source »

...Bank failures are bound to happen from time to time. But unlike failures in other industries, a high-profile bank failure can lead to a loss of confidence throughout the banking system, with potentially devastating consequences for the rest of the economy. For this reason, central banks must stand ready, in the case of a potential systemic risk of this kind, to step in as lender of last resort to shore up the failed bank until the crisis can be resolved. In return, banks have to submit to a degree of official supervision unknown to other businesses in a market...

Author: /time Magazine | Title: Failure After Failure | 2/21/2008 | See Source »

...weeks ago, Pakistani President Pervez Musharraf said in an interview that if he ever felt that the people didn't support him, he would stand down. The Pakistani people have spoken: Musharraf's party was trounced in the Feb. 18 election, earning only 42 seats out of 272 elected positions in the National Assembly, far fewer than the parties of the recently assassinated Benazir Bhutto and former Prime Minister Nawaz Sharif. The question is, Will Musharraf listen? And more important, does the U. S. Administration, which has always seen him as its best ally in the war on terrorism, want...

Author: /time Magazine | Title: Washington Memo | 2/21/2008 | See Source »

Another way the firm thinks it can stand out: extending treatment to the home, where the brand is well known. For instance, heart patients can be monitored from their living rooms using Philips' new Motiva device, which checks vital signs via a broadband link to a hospital. If something is out of whack, a nurse will intervene; a regular checkup might uncover the problem too late...

Author: /time Magazine | Title: The Complex Task of Simplicity | 2/21/2008 | See Source »

...Getting the ball to the rim and rebounding it off the glass will be a point of emphasis,” Amaker said. “And if we don’t stand firm and hold our ground then it’s going to make for a long night...

Author: By Meghan E. Marchetti, CONTRIBUTING WRITER | Title: Harvard Welcomes Penn, Princeton | 2/21/2008 | See Source »

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