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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 »

Once her term ends, her options open up. She could try to capitalize on her fame with a cable TV show or, more likely, a lucrative speaking career. Matthew Jones, senior vice president of Leading Authorities Inc., a speakers bureau that represents top political figures like Trent Lott and Terry McAuliffe, says Palin could be a big hit if she were willing to work hard. "A paid speech is different than a campaign speech," he says. Corporations and groups would book her initially just because of who she is, says Jones, but to have staying power, she'd need...

Author: /time Magazine | Title: How Far Will Sarah Palin Go? | 11/5/2008 | See Source »

...Koplan, who is the vice president for academic health affairs at Emory, said that though there will be some resistance from faculty and students wary of the new curriculum, Bloom’s plans have the potential to become the preferred mode of teaching for public health schools across the country...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard School of Public Health Overhauls Curriculum | 11/5/2008 | See Source »

...eyes are on the Stevens race. If he wins, it certainly won't lift the heavy heart of Alaska governor and vanquished vice-presidential candidate Sarah Palin. Relations between Stevens and Palin are icy. She ran for governor on a platform that railed against the kind of corruption that Stevens now represents. And now that the McCain/Palin ticket has been punched, it may add insult to injury for her to discover her beloved Alaska constituents actually prefer crotchety legislators who bring home the bacon...

Author: /time Magazine | Title: Ted Stevens Sins, and (Likely) Wins | 11/5/2008 | See Source »

...road in the center of the city and burst into flames. As police and ambulances rushed to the scene to carry dozens of injured motorists to the hospital, it was reported that the plane had been carrying Interior Minister Juan Camilo Mouriño, Mexico's equivalent of a Vice President. Mouriño died instantly in the crash along with seven others, including a top security adviser and former federal prosecutor, José Luis Santiago Vasconcelos, who had dedicated much of his career to the fight against drug gangs. (See pictures of Mexico's drug wars...

Author: /time Magazine | Title: Plane Crash Kills Mexico's Deputy Leader | 11/5/2008 | See Source »

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