First, Michael Armacost, president of the Brookings Institution and former ambassador to Japan, and Michael Bloomberg, CEO of Bloomberg Financial Markets, discuss the Japanese economy and the rise of Asian business in general, especially in light of the resignation of Japanese PM Ryutaro Hashimoto. Then, Jeffrey Sachs of the Harvard Institute for International Development discusses the Asian and Russian economies and whether the IMF should bolster the Russian economy. Then, Stephen Cohen of Princeton University discusses his recent trip to Russia, his experiences in Russia while the economy was failing, and analyzes Russia's future. Finally, David Hirshey, executive editor of HarperCollins and soccer analyst, discusses France's World Cup shutout of Brazil.
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