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...meaning to a "yen appreciation" sale. But a major concern for the Japanese economy is that currency rates, the dollar-yen in particular, are pummeling Japanese exporters as their products lose competitiveness abroad. Coupled with a general decline in global demand, the weak dollar-yen is dumping ice water on corporate profits at titans like Sony and Honda...

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

...other environmentalists argue that Salazar's centrism will serve him well at Interior, where he'll need to balance protection of the land and species with legitimate development of the country's natural resources. They point to his past practice in Colorado as a water-rights lawyer as evidence that he understands one of the most important environmental issues facing the U.S., as well as to his opposition in the Senate to the destructive practice of oil shale exploration in the Rocky Mountains. Industry representatives from mining and energy reacted positively to Salazar's appointment, seeing him as a pragmatist...

Author: /time Magazine | Title: Salazar at Interior: For Greens, Not a Dream Choice | 12/18/2008 | See Source »

...graduate of Colorado College (B.A., 1977) and the University of Michigan (J.D., 1981), Salazar made his name as a lawyer on water issues. He went on to serve as executive director of Colorado's Department of Natural Resources from 1987 to 1994 and later served as the state's attorney general from...

Author: /time Magazine | Title: Interior Secretary: Ken Salazar | 12/18/2008 | See Source »

...aggie" like House Agriculture Committee chairman Collin Peterson or former ranking member Charlie Stenholm. Vilsack does have predictably close ties to traditional agriculture and agribusiness, and he did run the nation's leading corn and soybean state. But he has also been a supporter of farm-conservation programs, clean-water regulations and a cap-and-trade scheme to prevent global warming. "He's not really an aggie," says one lobbyist involved in food and agriculture issues...

Author: /time Magazine | Title: Vilsack: Some Hard Choices on Ethanol | 12/18/2008 | See Source »

...just to the U.S. but to Iran as well. He was furious that the al-Maliki government is fabulously corrupt and incompetent. How else can you explain the $100 billion of development money that disappeared down the rat holes in Washington and Baghdad? Or how the electricity and water shortages continue, as do the car bombs in Shi'a neighborhoods? And he is furious that the U.S. intends to abandon Iraq in three years, leaving a mess behind...

Author: /time Magazine | Title: The Lesson of the Iraqi Shoe Thrower | 12/18/2008 | See Source »

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