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both economies had extraordinarily large real estate bubbles.

Massive real estate bubble (check) -Central bank bailing out banks (check) -Bailed out banks keep bad real estate loans on their books at inflated values (check) -Government taking on higher and higher levels of debt relative to GDP (check) -Employment situation stabilizes with less secure labor force (check) -Home prices remain stagnant (check)

the United States had never witnessed a year over year drop in nationwide home prices since the Great Depression.

home prices are now back to levels last seen 8 years ago.  The lost decade is now nipping at our heels but what about two lost decades like Japan?

the U.S. has such a large number of part-time workers and many of the new jobs being added are coming in lower paying sectors signifies that our economy is not supportive of the reasons that gave us solid home prices for many decades. 

young Japanese workers, some in their late 20s or early 30s, already resigned that they would never buy a home.

The notion that housing is always a great investment runs counter to what they saw in their lives.  Will they even want to buy as many baby boomers put their larger homes on the market

many of our young households here are now coming out with massive amounts of student loan debt.

Lower incomes, more debt, and less job security.  What this translated to in Japan was stagnant home prices for 20 full years.  We are nearing our 10 year bear market anniversary in real estate so another 10 is not impossible.  What can change this?  Higher median household incomes across the nation but at a time when gas costs $4 a gallon, grocery prices are increasing, college tuition is in a bubble, and the financial system operates with no reform and exploits the bubble of the day, it is hard to see why Americans would be pushing home prices higher.

The machine is effective in recycling different kinds of plastic into oil.

Utilization doesn't just take into account the 20 percent of recycled plastic. But it also considers the incinerated 52 percent used for energy recovery like generating electric power or heat. Akinori Ito says "If we burn the plastic, we generate toxins and a large amount of CO2. If we convert it into oil, we prohibit CO2 production and at the same time, increase people's awareness about the value of plastic garbage"

Oil from Shale: Oil can be extracted from this fine grained, organic rich, sedimentary rock through pyrolysis, thermal dissolution or hyderogentation. Shale contains high concentrations of organic chemical compounds known as Kerogen. From this solid mixture, oil is extracted through chemical process. Shale can be effective converted into combustible oil shale gas and liquid hydrocarbons (shale oil). Global deposits of Shale are estimated to be around 2.8 trillion to 3.3 trillion barrels of restorable oil. Planet earth is blessed with about 600 known oil shale deposits, most of which is found in United States of America. Although several countries have oil hale deposits, known deposits of economic importance is found only in 33 countries.

funded

where all the new teachers might come from

where all the new teachers might come from.

If you understand through the learning of language how people think, how they construct meaning, what is important to them culturally, then I think that gives us better insights into the people that we're going to be working with in the future and negotiating with.

Broadly, teachers and education experts have welcomed the plan, but question where the money is going to come from.

Currently across all levels of schooling there's around 18 per cent of our young people who are studying one of the four priority Asian languages: Mandarin Chinese, Japanese, Indonesian and Korean. And that diminishes to fewer than 6 per cent by the time they get to Year 12.

say we simply don't have enough Asian language teachers to deliver the Prime Minister's vision and for the last decade the numbers of graduates have been declining.

hat's happened because universities have been under these budget constraints and when they've made decisions about what to cut, they cut courses with low enrolments and there goes the languages.

will help.JULIA GILLARD: We live in an age of different learning possibilities and choices. What we can do through the National Broadband Network, what we can do through having the world's first online national curriculum, which is what the Australian curriculum is, means we can get a deeper penetration of language, literacy and learning.

will help.

we need to be looking very carefully at what sort of encouragement and incentives we can provide to students so they continue doing a language, go on and major in a language in university and then go on to teach in the area.