Japan Struggles with Long-Term Deflation
http://www.nytimes.com/2010/08/24/business/global/24deflate.html
Raghuram Rajan Recommends the Fed Shift Away From ZIRP (Zero Interest Rate Policy) soon
http://www.bloomberg.com/news/print/2010-08-22/bernanke-must-raise-benchmark-2-points-in-prescient-rajan-s-latest-warning.html
Meanwhile, Paul Krugman suggests that near zero interest rates are here to stay (for a really long time):
http://krugman.blogs.nytimes.com/2010/08/22/the-taylor-rule-and-the-bond-bubble-wonkish/