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...clearest signals yet that Japan's economy has finally emerged from 15 years of stagnation. Led by governor Toshihiko Fukui, the monetary-policy committee at the Bank of Japan (BOJ) will vote on whether to raise its overnight lending rate to 0.25% or leave it at zero, where it has been for more than five years. That shift would not just demonstrate that the BOJ believes the world's second largest economy is now on sound footing?it would also have a profound effect on global markets and both corporate and private borrowers...

Author: /time Magazine | Title: Japan Takes Flight | 7/10/2006 | See Source »

...Korea's regime, already believed to possess material for a clutch of nuclear weapons, test-launched seven missiles, including one designed to reach the U.S. Even more surprising than the test (it failed less than two minutes after launch) was Bush's response to it. Long gone were the zero-tolerance warnings that peppered his speeches four years ago, when he made North Korea a charter member of the "axis of evil" club and declared at West Point that "the only path of safety is the path of action." Instead, Bush pledged to "make sure we work with our friends...

Author: /time Magazine | Title: The End of Cowboy Diplomacy | 7/9/2006 | See Source »

...became motivated to start their project when they learned Harvard would not offer summer tours until June 24. They initially lacked money and housing, but nonetheless moved forward with giving tours of the richest university in the world and its historic buildings. “We started out with zero capital and homemade signs,” said Jones. “For the first two weeks...because there was no housing here [immediately following move-out], we were living out of my car,” Schofield-Bodt added. During the tour, Jones and Schofield-Bodt placed significant emphasis...

Author: By Nicholas A. Ciani, CRIMSON STAFF WRITER | Title: A Tour With a Twist: Primal Scream and More | 7/7/2006 | See Source »

...color codes became yesterday's news. With the exception of one warning about mass-transit facilities in response to the London bombing on July 7, 2005, that was pretty much it until this summer. I live in lower Manhattan and my wife works in a building overlooking Ground Zero. So I want to know when something's really up and not worry that I'm getting bamboozled to amp the President's approval rating...

Author: /time Magazine | Title: Toying With Terror Alerts? | 7/7/2006 | See Source »

...could argue that the current crop of writers is still ripening. But how long does it take? Ellis was still in college when he wrote Less than Zero, a vivid, anhedonic portrait of wasted (in every sense) youth on the L.A. party circuit. Hemingway was only 27 when he published The Sun Also Rises. Fitzgerald wrote The Great Gatsby at 28; Salinger, The Catcher in the Rye, 32. (Not that it really matters, but Goethe was just 25 when he published The Sorrows of Young Werther, one of the first voice-of-a-generation novels...

Author: /time Magazine | Title: Who's the Voice of this Generation? | 7/2/2006 | See Source »

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