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...Japan is exerting its influence abroad, the country needs to welcome the world to its shores, too. Back in the 1980s, during Japan Inc.'s first global foray, many of its mergers and acquisitions languished because overseas employees chafed under the strictures of Japanese management. In the same way, unless Japan relaxes its rigid immigration policies, cultivating foreign Japanophiles will be a waste of time. Indeed, in moving beyond Japan's insular past, Prime Minister Aso might do well to take inspiration from a cuddly cat. Hello Kitty, it turns out, may not be ethnically Japanese. Her surname...
...activists hope that Obama's plans for a national carbon cap will help break the logjam that has kept global climate talks largely frozen for years, including the debate over whether the U.S. or developing countries should move first. Bush has argued that a global climate deal is meaningless unless the big developing nations are required to take action, but China and India say they won't act unless the U.S., which has emitted more carbon into the atmosphere than any other nation, moves first. If Washington does manage to pass a national cap soon, Beijing and New Delhi...
...thrived in a situation of negligible government authority on land, where the Somali state barely exists. And they are further emboldened by the jurisdictional difficulty of figuring out where to put arrested pirate suspects on trial. Strict rules of engagement also prevent foreign navies from attacking suspected pirate vessels unless they are caught carrying out a raid. That means that patrol boats can rarely interdict the pirate "mother ships" that ply international waters, directing the speedboats to their prey...
...advantage, and debt in the private sector has not increased, unlike in the U.S. and European countries," says Hiromichi Shirakawa, chief economist at Credit Suisse Japan. "The economy is less vulnerable." Nevertheless, he says, Japan is not an island: nothing points to an economic recovery in Japan unless the global economy picks up. According to Andreas Schuster, head of research at CLSA, a private-equity firm based in Hong Kong, "It won't be pretty, but it will be less tough than in the Western economies." (See pictures of the global economic crisis...
...They were both vying to be servants of the people, and until Americans begin to care about our transportation networks, neither will our representatives. In the meantime, our aging, overextended, grandfather of an infrastructure system will continue to rot, and we will continue to spend mindless hours in traffic, unless of course the bridge collapses from under...