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...malaise, Japan needs to find the right mix of policies that enable younger workers and small businesses to become more productive, and that ensure consumers can consume. Those policies are not in place today. The country is a de facto gerontocracy that has failed to adapt to today's economic and demographic realities. Japan must redefine its goals and, at a deeper level, rewrite its social contract so that youth are better served...

Author: /time Magazine | Title: A New Deal | 8/31/2009 | See Source »

...safety net themselves with prodigious savings. Strategic industries were propped up to protect jobs. This system worked fine when earnings were plentiful during the postwar boom. But today the policies sap the strength of small- and medium-sized businesses, a major source of new jobs. At the same time, younger Japanese are crowded out of the workforce by graying incumbents in cradle-to-grave employment. (Read "Japan, After The Bubble...

Author: /time Magazine | Title: A New Deal | 8/31/2009 | See Source »

...priests appeared at the door. Mother Rose was consumed by grief; Joe Sr. - a former ambassador to England - made all the funeral arrangements. "There is something about the firstborn that sets him a little apart," he wrote to one friend. "He represents our youth, its joys and problems." Younger brother Jack assembled a book of reminiscences, As We Remember Joe. The death was public, but in the pre-TV era, the mourning was blessedly private, as was the mourning for daughter Kathleen in a plane crash in France...

Author: /time Magazine | Title: The Kennedys Face Death: The Agony of Grieving in Public | 8/28/2009 | See Source »

...held an improvised wake; Teddy led them in singing "When Irish Eyes Are Smiling." The next day, as he walked with Jackie and Bobby behind the casket, Teddy wore the trousers Jack had worn for his Inauguration and a pair of his gloves. This was how it went: the younger brother quite literally assuming, if not his brother's role, then at least his costume. And late that night, long after the burial, Jackie and Bobby returned to Arlington. She put a small bouquet of lilies on the grave, prayed, wept and went away. A week later, the bodies...

Author: /time Magazine | Title: The Kennedys Face Death: The Agony of Grieving in Public | 8/28/2009 | See Source »

...nephew William Kennedy Smith was accused of raping a young woman. Though Kennedy, then 59, was never implicated in the crime and Smith was eventually acquitted, Kennedy testified at the trial about the drunken evening in which a group of men had traveled into town to pick up two younger women at a bar. (Read "Kennedy Memoir Set for September Release...

Author: /time Magazine | Title: Kennedy's Darkest Moments | 8/27/2009 | See Source »

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