Word: weak
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...Undefeated internationally since November 2000, Sale and Pelletier edged out the Russian pair Yelena Berezhnaya and Anton Sikharulidze last spring in Vancouver to became world champions. In that matchup the Russians skated a nearly clean program while Sale singled a double Axel. But with the Russians coming off a weak season, no one raised a fuss. This year Sale and Pelletier trotted out Orchid, a new high-concept routine (he played the stem, she the blooming flower) but on the eve of the Olympics settled on Love Story, based on the 1970 love-and-death melodrama, which first enchanted judges...
...North Country,” a duet with Bob Dylan, also doesn’t quite work. Cash’s wonderful voice, which U2’s Bono calls “the most male voice in Christendom,” clashes with Dylan’s weak bleats. But the second disc does have a couple of must-haves: live renditions of “Folsom Prison Blues” (unfortunately, the studio version is absent) and “A Boy Named Sue.” The Essential Johnny Cash is indeed an essential recording...
...With the Bank of Japan printing money to offset a liquidity crisis, the currency is sliding fast. It hit 134 to the dollar last week, a 15% decline since a year ago. The decline has prompted cries of foul from U.S. manufacturers over the competitive edge a weak currency gives Japanese products. But an equal concern is that an ever weaker yen will force devaluations throughout Asia, exacerbating trade tensions everywhere. Says Kenneth Courtis, Goldman Sachs Asia vice chairman: "It is now really important to get Japan back on track economically, because their problems are about to become ours...
...anachronistic endeavor propped up for decades by protectionism. When Japan was booming, the government thought it could have it all. Farmers, who traditionally voted for the long-ruling LDP, were shielded from competition from imports; Japan's consumers shouldered ridiculous bills for homegrown farm products. Today, thanks to the weak economy and the wrenching opening up of Japan's markets, tatami prices are half what they were 10 years ago. Farmers can't pay off the loans they were once encouraged to take. "Thirty farmers have committed suicide the past four or five years," says Yoshiharu Takahama, a town assembly...
...government's tack: to weaken the yen, make Japan's exports a little more affordable, buy a little time. Most people consider that a bankrupt solution for a nearly bankrupt nation. A weak yen certainly won't help the wide-eyed man with a two-day growth of beard wandering the tunnels connecting subway stations in central Tokyo. "HELP ME," reads a sign around his neck. "RESTRUCTURED." There were nearly 20,000 bankruptcies last year - the second-highest yearly total since World War II. "It's simple," says Andy Xie, Morgan Stanley's chief economist for the Asia Pacific region...