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Once the dust clears, Abe's departure could also signal a return to the old Japan. Abe was elected less than a year ago, promising to centralize power in the Prime Minister's office--traditionally weak compared with those of other countries--and promote a more assertive Japan abroad. Instead, the influence has shifted back to behind-the-scenes power brokers, and the country appears to be retreating from the world stage. At this uncertain point, it seems Japan could go any way but forward...

Author: /time Magazine | Title: Japan's Leader Resigns | 9/13/2007 | See Source »

...heart it's a two-family drama, one being Anna's sensible English aunt (Sinead Cusack) and crabby Russian uncle (Jerzy Skolimowski), the other Semyon and his son Kirill (Vincent Cassel). Kirill is like a mutant Corleone: he has Sonny's hair-trigger impulses and Fredo's drug-addled weak streak, stemming from a need to be respected by his father and from Kirill's realization that he's not measuring up - that Nikolai may be usurping his spot...

Author: /time Magazine | Title: Two Weird Canadian Geniuses at Toronto | 9/10/2007 | See Source »

...subprime mortgage meltdown, Harvard economists are divided on the course of action Federal Reserve Chair Ben S. Bernanke ’75 should take at the Fed’s upcoming policy meeting. Subprime mortgages—loans which banks make on highly favorable terms to potential homeowners with weak credit histories—became common in recent years, but a rash of recent defaults has sent the mortgage industry into turmoil. Amidst worries that the mortgage crisis could be causing a general economic slowdown, many argue that an interest rate cut is in order to push the economy back...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Economists Divided Over Fed's Next Move | 9/10/2007 | See Source »

...mood changes. Once the novelty of a situation has worn off, the French quickly readopt their famously corrosive spirit. His backers most want to see unemployment lowered (it's officially at 8% today) and purchasing power increased. But French economic growth, unlikely to exceed 2% in 2007, is too weak for that, and public deficits are still too high. Sarkozy's economic margin for maneuver is therefore much more limited than he would have liked...

Author: /time Magazine | Title: Nicolas Sarkozy: A Grand Entrance | 9/6/2007 | See Source »

Hypocrisy is among the most universal and well-studied of psychological phenomena, and the research suggests that Craig, Haggard and the others may be guilty not so much of moral hypocrisy as moral weakness. The distinction may sound trivial at first, but as a society, we tend to forgive the weak and shun the hypocritical. As psychologists Jamie Barden of Howard University, Derek Rucker of Northwestern and Richard Petty of Ohio State have shown, we often use a simple temporal cue to distinguish between the weak and the hypocritical: if you say one thing and then do another...

Author: /time Magazine | Title: The Psychology of Hypocrisy | 9/6/2007 | See Source »

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