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...Federal Reserve is also talking the talk, although it is difficult to see how it can actually walk the walk. After a year of contraction, U.S. GDP grew 3.5% in the third quarter of this year, but the jobless rate has surged to 10.2%, the highest since 1983. Raising interest rates runs the risk of worsening unemployment. For the same reason, the U.S. cannot withdraw stimulus spending either, even though the U.S. budget deficit has topped a record $1.7 trillion. Last week, mortgage lender Fannie Mae reported $18.9 billion in third-quarter losses and said it needs another $15 billion...

Author: /time Magazine | Title: Why Some Countries Are Stopping Their Stimulus | 11/9/2009 | See Source »

...toss overboard some of the $77 billion in programs that the DPJ offered to increase household disposable income. The purpose of this spending is to help shift Japan from an export-led economic model to one led by consumption. During the country's 2002-07 recovery, fully one-third of GDP growth was attributable to a rising trade surplus. As the severity of Japan's current recession showed, this is not a sustainable path. (Read Will an Opposition Victory Rescue Japan's Economy...

Author: /time Magazine | Title: Hatoyama's Challenge in Japan | 11/9/2009 | See Source »

...human-rights worker Natalya Estemirova was discovered in July. But Aushev spoke out anyway--and paid the price for his bravery. On Oct. 25, the 43-year-old businessman, who became a human-rights activist after his son and nephew were reportedly tortured by police in 2007, became the third opposition figure murdered in four months when his car was sprayed with bullets as he traveled to visit relatives. Though the Kremlin had no official response to the killing, the republic's governor said Aushev's murder could have been the work of local police carrying out a personal vendetta...

Author: /time Magazine | Title: Maksharip Aushev | 11/9/2009 | See Source »

...million, seventh week 6. The Box, $7.9 million, first week 7. Couples Retreat, $6.4 million; $96 million, fifth week 8. Law Abiding Citizen, $6.2 million; $60.9 million, fourth week 9. Where the Wild Things Are, $4.2 million; $69.2 million, fourth week 10. Astro Boy, $2.6 million; $15.1 million, third week Read "The Year in Medicine 2008: From...

Author: /time Magazine | Title: A Christmas Carol Wins — and Loses — the Weekend | 11/8/2009 | See Source »

...works, we only thoroughly see things that we stop at and observe deliberately. By that measure, people in the study saw 36% of the ads on the pages they visited - not a bad hit rate. The average time a person spent looking at an ad, though, was brief - one-third of a second...

Author: /time Magazine | Title: Why We Look at Some Web Ads and Not Others | 11/8/2009 | See Source »

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