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...Monday when he said, "Japan is in a very serious situation." Last month, as the nation's export-driven economy watched global demand slow down, Japan's Nikkei index fell to a 26-year low. Couple this with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan chief economist Junko Nishioka says that over the past two months, she has grown...

Author: /time Magazine | Title: Why Japan Has Slipped Into Recession | 11/18/2008 | See Source »

...conflicts are threatening to become even more complicated. Besides the Arab-Kurd and Sunni-Shi'ite divides, there has long been a struggle among rival political parties for supremacy among the Shi'ites. Shi'ite Prime Minister Nouri al-Maliki recently called for amendments to Iraq's constitution to strengthen the central government's power at the expense of the country's 18 provinces. This week, Maliki's rivals in the southern Shi'ite bastion of Basra submitted a petition demanding a referendum in the oil-soaked province aimed to turning it into a semi-autonomous federal region akin...

Author: /time Magazine | Title: A New Twist in Iraq's Shi'ite Power Struggle | 11/16/2008 | See Source »

...gift, donated by a group of 240 supporters of the museum will strengthen the Busch-Reisinger’s collection of post-1960 German art, HAM Director Thomas W. Lentz said yesterday...

Author: By Tiffany Chi, CRIMSON STAFF WRITER | Title: Museum Bolsters German Art Collection | 11/10/2008 | See Source »

...protests and political opposition; ruling parties will find winning re-election a lot harder. Since the end of communism, the region has introduced some of the world's most business-friendly policies, including, in Estonia, axing corporate taxes. Such policies are unlikely to disappear immediately. "If anything, we will strengthen them, to improve education and encourage innovation," says Juhan Parts, Estonia's Minister of Economic Affairs and Communications. Whether he feels that way several months from now will depend on just how low Estonia and its neighbors sink. - With reporting by Adam Smith/London

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

...Obama administration that reinserts itself into the UN instead of overtly acting against its wishes would strengthen this international body significantly. Instead of the UN and UN peacekeeping troops viewing themselves as acting counter to the will of the United States, they would see themselves as carrying out the will of the more truly United Nations...

Author: By The Crimson Staff | Title: Acceptable Intervention | 11/6/2008 | See Source »

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