Word: supportables
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...closest ally in Asia. Twenty years ago, Tokyo and Washington routinely sparred, most often over trade, but in the past decade the two nations seemed to become closer than ever. Japan backed America's antiterror campaign, for example, by marshaling refueling missions in the Indian Ocean to support U.S. forces in Afghanistan. Japan was looking more American at home as well. Under Junichiro Koizumi, Prime Minister from 2001 to 2006, the government adopted several free-market reforms to try to restore growth to the perpetually sluggish economy...
...between Cabinet members, especially over the controversial privatization of Japan's postal system - a free-market initiative begun, not incidentally, during Koizumi's term as Prime Minister. "Whenever you try to get down to reforms you're bound to face difficulties," Hatoyama says, but he insists he has the support of the DPJ and is working cooperatively with his coalition partners. (See the new activism of Japan's youth...
...Hatoyama denies that. He told TIME, "The Japan-U.S. relationship is the most important relationship for Japan's diplomacy," and that his government "is working to create an environment in which Japan will firmly support the U.S. presence in Asia." He also makes clear that by forging warmer ties with China, he's not downgrading the alliance with the U.S. "We are always watchful of the rapidly rising military capability [of China]," he says, but "closer economic ties between China and Japan will be beneficial for the prosperity of the world and for stability in Asia." Better relations between...
...UEFA's sums, in February became the top flight's first franchise to fall into bankruptcy.) The leveraged buyouts by American investors of top clubs Manchester United and Liverpool, meanwhile, were "acting principally as a burden" on those clubs, UEFA added in the recent report, "rather than to support investment or spending." That's because the new owners piled the debts incurred in buying the clubs onto the teams' own finances, limiting the cash available for buying new players and therefore the clubs' ability to compete with better-endowed rivals. (See a group-by-group guide to the 2010 World...
...Support for cooperative ownership was even higher among fans of Manchester United and Liverpool. Angered by the $1 billion debt piled onto United's books following its 2005 takeover by the Glazer family - owners of the NFL's Tampa Bay Buccaneers - a consortium of wealthy United fans is putting together a plan to buy out the club with the backing of ordinary supporters. While the group, known as the Red Knights, is unlikely to make an offer before the end of the current season - the club, for its part, insists it's not for sale - the extent of support...