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Despite Friday's move, currency experts say that the yen could possibly climb to 85, which could trigger direct government intervention to halt the rise. Upon speculation that the lower 80s could be reached within weeks, Japan's Finance Minister Shoichi Nakagawa confirmed Thursday that Japan was prepared to intervene and sell the yen, something the Japanese government has not done since March...

Author: /time Magazine | Title: As Yen Strengthens, Japan Cuts Rates | 12/19/2008 | See Source »

...distributed at libraries, farmer's markets, coffee shops and community centers. The participants, whose average age was 43, were predominantly white (54%) and educated (40% held bachelor's degrees, while 20% held a master's). The participants were promised $50 for two 45-minute sessions. Payment was not contingent upon performing the requested functions during the experiment...

Author: /time Magazine | Title: Why We're OK With Hurting Strangers | 12/19/2008 | See Source »

...wasn't taking risks? The banks. When the government gave them money to get them lending again, they pretended that they would hand it out as per the agreed-upon rules, and when no one was looking, they smartly held on to all of it, which we all know is the only real way to win Monopoly...

Author: /time Magazine | Title: The Year of Living Stupidly | 12/17/2008 | See Source »

...time when a prominent democracy activist has been jailed for signing a letter asking for competitive elections and openness in China, we are reminded that the country will be sculpted by ideological battles, not philanthropic organizations. Li would be more deserving of the apparent reverence heaped upon him by awestruck Sichuan people if he were to take a real stand and challenge the government for whom he has too often been the smiling glad-hander. In defining the ideal attributes of China's future leaders, TIME's purpose should not be to buff the sheen of uncontroversial celebrities, but celebrate...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

...unconvinced that the freeze was the best solution. Holt said the “knee-jerk” response of the hiring freeze could have been avoided—or at least postponed—until departments had conducted a rational, top-down evaluation of their respective programs based upon the teaching and research goals of the University. “The good manager looks at sweeping all the pennies, dimes, and nickels off the floor. He looks in the cracks, he does the hard work of analyzing his organization,” Holt said. “Anybody...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Hiring Freeze Still Concerns FAS Staff | 12/16/2008 | See Source »

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