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...clear where all that money will come from. Japan has pledged $100 billion. Gordon Brown, the British Prime Minister who hosted the G-20 summit, said the European Union would put up $100 billion and that China would provide $40 billion. But Chinese officials wouldn't confirm that amount - and even if the money is forthcoming, it still leaves $260 billion unaccounted for. At a time when governments are financially overstretched, that's no small sum. Moreover, the thorny issues involved in reforming the IMF's governance structure have been kicked back to the organization; the G-20 simply said...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

Even in its revamped form, the IMF will be less of a significant player on the world stage than its founders intended at the Bretton Woods conference in 1944. Back then, the resources allocated to the IMF amounted to more than half of the world's current account payments. Today, its resources amount to about 3%, according to Buira. Still, if the G-20 intentions are put into practice and the IMF does take on a more active - and more accepted - role as a stabilizing force in the world economy, it will be much closer to the original vision...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

...page, and I have yet to sit down and read them carefully and think about how they are going to affect how I will use Facebook,” said Lisa S. Rotenstein ’11. Although it appears that the poll will not draw the necessary amount of votes, Zuckerberg wrote on his blog that “even if these new proposed documents are defeated, we will still find ways to involve you in the governance process.” Jonathan L. Zittrain, a professor at the Law School and co-founder of the school?...

Author: By Eric W. Baum, CONTRIBUTING WRITER | Title: Facebook Allows Policy Input | 4/19/2009 | See Source »

When a gang of criminals ambushed and murdered four Lebanese soldiers on Monday in the Bekaa Valley, they might have expected a certain amount of impunity. The valley - which lies just over Lebanon's Mediterranean mountain range and runs along the border with Syria - has long been a center of lawlessness in a country famed for its volatility. The Lebanese government - weakened by sectarian squabbling, rampant corruption, and interference by foreign powers - usually turns a blind eye to much of the drug cultivation and weapons smuggling that goes on there. But this time, the Lebanese army hit back. This week...

Author: /time Magazine | Title: Can a Broken-Windows Policy Work in Lebanon? | 4/19/2009 | See Source »

...true that every worker contributes to our current quality of life here at Harvard, and they are to be thanked for this. But not every job, and therefore not every worker, is “vital.” Part of the discussion regarding layoffs has involved reducing the amount of work that must be done, such as cleaning public spaces less often. Certain “quality of life” elements are luxuries; entryway staircases do not need to be mopped every week, and students could clean their own bathrooms as they do at other universities. By reconsidering...

Author: By Shai D. Bronshtein | Title: Slamming SLAM | 4/18/2009 | See Source »

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