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Word: amide (lookup in dictionary) (lookup stats)
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...assumes its more traditional function of providing funds to cash-strapped nations confronting turmoil. Late last week, for example, the organization struck a tentative agreement to extend Iceland a $2 billion loan; similar accords are expected to be made with other countries badly in need of economic stability amid the current upheaval, including Hungary and the Ukraine. Nations with more stable economies that are badly hurting for access to foreign currency like South Korea and Brazil, meanwhile, may also soon turn to the IMF for help...

Author: /time Magazine | Title: IMF Tries to Recover from Strauss-Kahn Affair | 10/26/2008 | See Source »

...China. Despite Zardari flying to those countries in recent weeks to make his case, he has yet to secure the loans needed to avoid a default on Pakistan's debt. Pakistani officials insist that they have no intention of defaulting, and the Pakistani rupee rose this week amid signs that the International Monetary Fund might step in to rescue this frontline state in the war on terror. The IMF confirmed Wednesday that it would soon enter discussions with Pakistan over ways to assist its economy. But help from the international community will almost surely be conditional on a more robust...

Author: /time Magazine | Title: Time and Money Running Out for Pakistan | 10/25/2008 | See Source »

...based on these underestimations of wild uncertainty. The coverage is adequate now - it's not adequate on a regular day when people just tell you the market went up one point and they give you a reason. But today we have problems. The public needs to know. But amid all this, your company is doing quite well.The only important thing about it is that I protected my clients. I offer a protection package and it does work, but I don't want to be associated with trading too much. I believe finance is largely a scam...

Author: /time Magazine | Title: Nassim Nicholas Taleb | 10/24/2008 | See Source »

...makes sense though. Amid market turmoil, job losses, a discredited Administration and foreign policy meltdown, what could be a better symbol for our depressed and divided nation? Two legendarily awful clubs from economically hurting swing states, battling it out for the championship of a past-its-prime sport while the rest of us watch football highlights. Philadelphia--my city--hasn't won a championship of any kind for 25 years, a record for a four-sport town. Tampa Bay has a shorter history of woe, but this is a city (well, technically, a body of water) whose football team...

Author: /time Magazine | Title: The Moment | 10/23/2008 | See Source »

...Syrian art boom is taking place amid an economic thaw. Syria began opening its economy in 2005 under pressure from U.S. sanctions; foreign investment has changed the face of the country. Once the streets of Damascus were filled with 1950s-era American auto-mobiles, kept running by trade barriers and twine; now there's a daily traffic jam of new Asian sedans and German sports cars. Superseding the capital's dictator-chic hotels from the 1970s--massive concrete towers with prostitutes in the bars and spies in the lobbies--modern boutique inns are sprouting in renovated courtyard palaces...

Author: /time Magazine | Title: Postcard from Damascus | 10/23/2008 | See Source »

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