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...stranger to deficit spending, Japan approved this month a new Policy Package to Address the Economic Crisis worth $156 billion, its third fiscal stimulus package since September - and the umpteenth attempt to jumpstart the economy since the bursting of the asset bubble way back in the 1990s. None of the previous attempts worked, in part because much of the money went to wasteful public works spending in the bailiwicks of ruling-party politicians. The latest spending appears to make more economic sense, targeting job-creation, support for the equity market, increased transfers to regional governments, health-care spending, and energy...

Author: /time Magazine | Title: Asian Stock Markets: Betting Big on Recovery | 4/23/2009 | See Source »

Italy is no stranger to earthquakes. A 1980 quake in the country's south killed more than 2,500; some 80,000 died in 1908 when an earthquake struck the Sicilian city of Messina. Now, in the aftermath of the latest deadly temblor, come a series of familiar questions. Had all the buildings that collapsed been built up to standards? Will the money that has been promised for relief and rebuilding end up in the right hands? Could anything have been done to mitigate the damage? (See pictures of Italy's deadly earthquake...

Author: /time Magazine | Title: The Moment: L'Aquila | 4/20/2009 | See Source »

...began to feel a sense of urgency. At $100, it was a steal. He wished the shop window were made of lead, so that no passing stranger could witness its discounted shame. Someone would realize it was beautiful, someone would take it away. He had exactly fifty dollars." -"The Buddha" by Maria...

Author: By Erin C. Yu | Title: Advocate Archives Issue | 4/17/2009 | See Source »

...moment, I wondered what it would be like to be an exhausted but well-paid shell of my former self. I also had such sudden feelings of moral inadequacy compared to the wunderkind that I would glance at my $15 well drink and ask whomever was around (sometimes a stranger, sometimes to myself): “What am I doing in New York...

Author: By Emma M. Lind | Title: I ? NY | 4/16/2009 | See Source »

...January after becoming frustrated that Blagojevich wouldn't heed his advice to stop giving interviews. Before he gave up the case, Genson complained that the surreal atmosphere at Blagojevich's impeachment trial had become like Alice in Wonderland. Federal prosecutors just have to hope it doesn't get any stranger...

Author: /time Magazine | Title: As Blagojevich Pleads Not Guilty, Some Prosecution Moves Are Questioned | 4/14/2009 | See Source »

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