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...expects consumer spending to pick up as soon as deflation is finally conquered. In the meantime, Japanese companies are coming under fire for failing to pass more of their profits on to workers-and Japanese politicians are being criticized for crowing about a recovery that has been largely driven by business investment as companies gear up to meet the rising demand for exports to the U.S. and China. "There has never been a recovery dating back to 1945 that is so dependent on capital investment," says Richard Katz, editor of the Oriental Economist Report. Should the U.S. and China falter...

Author: /time Magazine | Title: Can Shinzo Abe Find His Way? | 2/15/2007 | See Source »

...aging. By 2050, over 30% of Europeans will be 65 or older, and there aren't enough young Europeans to replace their labor skills or pay for their pensions. And, if the E.U. seriously wants to achieve the Lisbon Agenda goal of becoming "the most competitive and dynamic knowledge-driven economy in the world" by 2010, it will need way more highly qualified researchers than Europe's universities can turn out. The argument that immigration is to blame for the failings of multiculturalism ignores the numbers. Europe doesn't just need more immigrants; it also needs a wider variety...

Author: /time Magazine | Title: The Many Faces of Europe | 2/15/2007 | See Source »

...even if Filonov's work is intellectually driven, his singular style marks it out, beginning with his palette. In works like the gloomy Feast of Kings (1913), as Kruchenykh noted, he used a peculiar combination of "bloody red and greenish brown"; for his optimistic and joyful painting with the Boratesque title Formula of the Universal Shift Into the World Blooming Through the Russian Revolution (1922), he mixed white and reddish pink in a way that is unmistakable...

Author: /time Magazine | Title: Dark Vision | 2/13/2007 | See Source »

...enjoying every minute of it, which in today's image-driven sports world is also, sadly, somewhat strange. "NBA players are so scared of being viewed in a certain way that they can't be who they want to be," Arenas says. "They put on a mask." Arenas takes it off--just for fun. During the home opener this season, he wore a satin boxing robe for pregame introductions. He reaches out to struggling kids on MySpace and has sponsored a video-game team...

Author: /time Magazine | Title: How Agent Zero Saved D.C. | 2/8/2007 | See Source »

...will be difficult no matter what the medium is,” says Dan Chaisson, a graduate of the Graduate School of Arts and Sciences and a widely published poet and professor of English at Wellesley College.“I would hate for [poetry] to be some market driven industry like fiction or visual art,” he says. “If the market determined who gets to the top, we would lose some of our most valuable poets and the freedom and style along with it.” “I didn?...

Author: By Eric W. Lin, CRIMSON STAFF WRITER | Title: Roses are Red, Violets are Blue... | 2/8/2007 | See Source »

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