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...world's renewed love affair with the nation has blossomed just as many nations are growing wary of the rising influence of Asia's other superpower: China. Unlike Japan, China has done little to mask its global natural-resources grab. As a result, Japan outranked China in a June survey of soft-power effectiveness in six countries by the Chicago Council on Global Affairs. Far from China eclipsing Japan, as many once thought, the Middle Kingdom's emergence has actually reawakened international admiration of its neighbor. "There's a strong perception that China's not doing enough for people...

Author: /time Magazine | Title: Japan Reaches Out | 11/20/2008 | See Source »

...door, so this could be the season of extreme retailing, with stores offering even more carrots to drive sales in this dreary economic climate. As of Nov. 11, 72% of consumers had completed less than 10% of their shopping, according to the National Retail Federation's (NRF) 2008 survey by BigResearch of holiday consumer intentions and actions. "They know the longer they wait, the better off they are, so there's no reason to rush," says Marshal Cohen, chief industry analyst at the NPD Group, a market-research firm. (Find out 10 things to do with your money...

Author: /time Magazine | Title: Black Friday Is Looking Blue | 11/20/2008 | See Source »

...Loft promotes the fact that most of its clothes are now washable. And if you suffer buyer's remorse, more than half of retailers say their holiday return policies will be more lenient than usual, up from 35% who said so last year, according to NRF's return-fraud survey...

Author: /time Magazine | Title: Black Friday Is Looking Blue | 11/20/2008 | See Source »

...have five fewer shopping days and one less weekend between Thanksgiving and Christmas. Looming layoffs and tightening credit have crushed consumer confidence, making shoppers more discerning than ever. Before buying a gift, 71% of shoppers ask themselves, Is this a smart use of my money? according to an October survey on how America shops, conducted by WSL Strategic Retail, a New York City consultancy. Deloitte's annual holiday survey showed that almost 60% of consumers expect to reduce their spending and that people are planning on buying fewer gifts--21.5 on average, compared with...

Author: /time Magazine | Title: Black Friday Is Looking Blue | 11/20/2008 | See Source »

...package passes, it's no guarantee domestic carmakers will survive. Consumption, the chief engine of economic growth in the U.S., could shrink roughly 1% in 2009 in what could be the worst recession since the 1930s, according to Richard Curtin, director of the University of Michigan's survey of consumer sentiment. As if Detroit isn't hurting enough, its biggest longtime booster in Washington, Michigan Representative John Dingell, lost his powerful perch as head of the House Energy and Commerce Committee in a caucus vote on Thursday. For 28 years, Dingell had helped craft every piece of environmental legislation...

Author: /time Magazine | Title: Congress Sends Detroit Execs Back — With Homework | 11/20/2008 | See Source »

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