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Those who lived through Japan's "lost decade," that seemingly endless period of economic listlessness during the 1990s, may have felt a collective chill run down their spines recently. In the second quarter, Japan's GDP plunged 2.4%, the sharpest quarterly decline in seven years. Due to higher prices for imports such as oil, slumping exports and weak domestic demand, it now appears Japan may have slipped into recession in the fourth quarter...

Author: /time Magazine | Title: Stop the Rot | 8/28/2008 | See Source »

...clear those players were pioneers. The current crop of Maori and Islander players (the sons mainly of poor Tongan and Samoan immigrants) forms a quarter of the ranks of the NRL. To put that in perspective, a group that has a 1 in 200 representation in the Australian populace has a 1 in 4 presence in the country's premier winter sports competition. It's a similar, if less striking, picture in New Zealand, where Maori and Islanders comprise 17% of the population, yet of late have made up more than half the players in the country's five provincial...

Author: /time Magazine | Title: Power Play | 8/28/2008 | See Source »

Stitzer has also engineered a series of restructurings. Beginning in 2003, he sold off low-margin businesses, closed about a quarter of the company's factories and cut 10% of its workforce. But a series of missteps hindered the company's turnaround. Although Stitzer had projected annual margin growth of 50 to 75 basis points for four consecutive years, it came in at less than half that...

Author: /time Magazine | Title: Is Parting Sweet for Cadbury? | 8/28/2008 | See Source »

...first Gulf War, or Bosnia, or Kosovo, or other issues. But I believe my judgments are based on years of experience, knowledge and background. And I will stand by those judgments that I've made, at times when these national security issues have risen throughout the last quarter century...

Author: /time Magazine | Title: Q&A: John McCain Talks With TIME | 8/27/2008 | See Source »

...steepest population declines are expected in eastern Europe, where countries such as Bulgaria and Poland could lose up to one quarter of their populations, according to the study. These losses are the result of "a combination of economic differences and relative freedom of movement," as well as reduced fertility, says Kroehnert. He noted that women in eastern Europe under communism were accustomed to working and continued to do so after the fall of the Berlin Wall. But with weakened social support networks for raising children, many began putting off child bearing until later years or gave it up altogether...

Author: /time Magazine | Title: How Britain Will Dominate Europe | 8/27/2008 | See Source »

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