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Much of today's deflation anxiety results from keen awareness of the Japanese experience of the 1990s. Indeed, New York Federal Reserve governor and vice chairman of the Federal Open Market Committee Timothy Geithner was Treasury attaché in the Tokyo embassy for the first half of that decade. That's when a widespread banking crisis led to a credit crunch, an economic slump and eventually interest rates that were lowered to zero by the Bank of Japan. Even so, Japan's banks, which were in the process of repairing their balance sheets, were extremely reluctant to lend. Thus, even...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

...furrowed her eyebrows at the screen and crossed her arms, deep in concentration. “Okay guys, is it going to be an early night or a late night?” she asked. Dingman craned his neck forward at the screen as he tried to attach a patriotic pin to his jacket lapel. “For the rest of your life, you’ll remember where you were, what happened,” Dingman said. “No matter what, this is just an historic election,” Hammonds agreed...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: College Deans Join Freshmen Election Parties Viewings | 11/5/2008 | See Source »

Border measures, as such restrictions are commonly labelled, attach a penalty to imports that violate the environmental standards of the importing country, and are typically imposed on products such as fuels or crude materials...

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: Study: Kyoto Protocol, Free Trade Compatible | 11/5/2008 | See Source »

...long been a fan of the Sonos music system, a collection of small, cigar-box-sized devices that attach to any stereo in my home and allow me to wirelessly stream digital music. I couple it with the music subscription service, Rhapsody, and get access to some 5 million songs - virtually anything I want to hear, whenever I want to hear...

Author: /time Magazine | Title: Sonos: My Favorite Music Solution | 10/28/2008 | See Source »

...facilities are up in the air. New football stadiums will open next season in Dallas and at the Meadowlands in New Jersey, where the New York Giants and Jets play. Will companies pay the same sweet premium they would have, say, a year ago for the right to attach their name to one of these new venues? Very doubtful. AIG, the embattled insurance giant, has sponsored the U.S. Davis Cup team since 1999, an agreement that ends this year: if the company hadn't floundered, odds are it would have renewed the deal. Now the United States Tennis Association...

Author: /time Magazine | Title: Can Sports Avoid This Recession? | 10/23/2008 | See Source »

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