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...lucrative contracts. But Japanese aid is about more than just helping Japanese businesses. Just as some in American foreign-policy circles believe that the U.S. has a mission to spread democracy around the globe, an increasing number of Japanese are keen to seed the world with their ideals. One key principle is an ability to modernize without losing its roots. "The history of Japan in modern times," says Kazuo Ogoura, president of the Japan Foundation, "is to have achieved advanced economic progress and democratic maturity without having abandoned cultural identity and traditions." Environmental protection is another cherished value...

Author: /time Magazine | Title: Japan Reaches Out | 11/20/2008 | See Source »

...film The Candidate, the Robert Redford character asks his campaign manager, "What do we do now?" The implication is that the Senate race winner is weary, disillusioned and in no state to make the transition from rhetoric to reality. John Key has had no such problems. Having led the National Party to an emphatic triumph in New Zealand's Nov. 8 general election, ending nine years of Labour rule under Helen Clark, the former currency trader was pressing for a quick handover so he could attend the Asia Pacific Economic Cooperation leaders' summit in Peru from...

Author: /time Magazine | Title: Trading Up | 11/20/2008 | See Source »

...will take skillful diplomacy and sustained political and economic engagement for Europe to find new and better relations with Russia and Turkey. And here is the key thing: the U.S., however charismatic its new President may be, will be little or no help. Russia and Turkey are Europe's neighbors, not America's. Washington will always see relations with its former superpower rival differently from the way Europe does - as, indeed, was demonstrated in its reaction to the Georgian...

Author: /time Magazine | Title: Europe's Road Ahead | 11/20/2008 | See Source »

...key to success for most retailers will be managing inventory and staff levels smartly--these are the few areas where stores can make significant adjustments. Because of the steady sales decline over the year, most shops had trimmed inventory levels at least 10%, conserving cash. Many stores have gone further, lowering inventory levels as much as 18%, says Cohen. That's nearing the danger zone. "If they cut any more, they won't have enough to even come close to making their number," he says. "They have to sell enough to pay the electric bill." Likewise, retailers are ratcheting down...

Author: /time Magazine | Title: Black Friday Is Looking Blue | 11/20/2008 | See Source »

That person will join a team of several experts in the analytical lab of the Straus Center. The new researcher will continue work currently being done at the center, which focuses on the close examination of art materials to determine artistic techniques and conservation methods. This conservation work is key to preserving the museum’s collections, said Daron J. Manoogian, a museum spokesman...

Author: By Madeleine M. Schwartz, CONTRIBUTING WRITER | Title: Novelist Funds Scientist Position | 11/20/2008 | See Source »

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