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...Democratic Party of Japan (DPJ), the opposition party that controls the Upper House, finally approved Prime Minister Yasuo Fukuda's third choice - Masaaki Shirakawa - for governor of the Bank of Japan. Shirakawa, 58, became the deputy bank governor in mid-March and then took over as interim governor after former central bank governor Toshihiko Fukui retired from his five-year term on March 19. The DPJ refused the two previous nominees - Toshiro Muto and Koji Tanami - over concerns that their ties to the Finance Ministry might compromise the bank's independence. The lack of a permanent leader...

Author: /time Magazine | Title: Row Ends Over Japan's Central Bank | 4/8/2008 | See Source »

...first time in Japan's parliament, two parties share majority rule between the Upper and Lower houses. The Liberal Democratic Party (LDP), after holding the reins of the Diet for more than five decades, lost the Upper House to the DPJ during last summer's elections. As a result, the last eight months have been a political tug-of-war that has resulted in many disputes. Playing a central role is Fukuda, who has watched his approval ratings plummet in the past few weeks, with some polls showing as low as 24%. (By contrast, former Prime Minister Shinzo...

Author: /time Magazine | Title: Row Ends Over Japan's Central Bank | 4/8/2008 | See Source »

...Following President Bush’s 2004 victory, you said that you envisioned the start of a “permanent Republican majority.” Do you think the political landscape has changed since then? KR: I think one party or the other is going to gain the upper hand. I think it’s going to be the Republican Party. If you look at the 2006 election, it was a normal off-year election. The White House party loses an average of 29 seats in the House and 5 in the Senate. We lost...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Karl Rove Says History Will Vindicate Bush | 4/7/2008 | See Source »

...Darryl Zanuck let him shoot the Brit-noir Night and the City. It stars Richard Widmark (who died, also in his 90s, a week before Dassin) as an American tout aiming for the big score, then fleeing from its consequences. In his goon period, with that weird smile (his upper lip raised as if by invisible fish hooks), and outfitted in a checkered jacket so loud it practically barks, Widmark is the perfect sucker in a nightscape made for entrapment. The titanic figure of night-club owner Francis L. Sullivan is just one of the menacing clowns in this nutty...

Author: /time Magazine | Title: Master of the Heist | 4/6/2008 | See Source »

...Beijing's own regulations specifying that they can interview anyone Chinese who agrees to talk. "They still don't have any idea what is going to hit them or how bad they will look to the outside world," comments one senior Western academic who has close ties to the upper echelons of the Beijing establishment. If its conduct over the past year is anything to go by, Beijing's instinctive reaction to new problems will be to use its heavy hand once more...

Author: /time Magazine | Title: Will the Olympic Torch Burn China? | 4/6/2008 | See Source »

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