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...appears to be dampening any enthusiasm for seeing any more lofty heads fall. Especially in France, rumors are swirling that the initial press leaks of the Strauss-Kahn investigation stemmed from Russian and American rivals who covet his position and fear the French Socialists would favor an inordinately rigorous approach to regulating the global finance system. Nevertheless, some suggest there is little appetite within the IMF for an extended period of uncertainty over its leadership...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

...reinstated in 2007 as demand for shelters exceeded supply due to the nationwide economic downturn. The Council’s consideration of homelessness follows an effort by Mass. Governor Deval Patrick to end family homelessness and cut the state’s costs by using a preventive approach. But councillors said they thought the problem would only get worse in the near future, citing the state’s budgetary woes and Question 1, a ballot initiative that could abolish the income tax in Massachusetts, which voters will decide on this Election Day. “With the social service...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: City Council Passes Resolution On Homelessness | 10/21/2008 | See Source »

...specific goals, attendees, and even exact date and venue of such a meeting have yet to be determined, the mere agreement by U.S. and European leaders to update the Bretton Woods system - which has overseen international finance for the past 64 years - reaffirmed hopes that a collective, long-term approach to the worst economic crisis since the Great Depression...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

...Still, markets were more inclined to take heart in the international summit agreement Sarkozy had obtained from Bush. Despite that advance, questions remain how much the U.S. and its free-market fans will the more invasive regulatory approach that Europe seems to favor. Even as they face dire economic crisis, Americans are quicker than Continentals to distrust perceived market "socialism." Indeed, even Bush and Sarkozy seemed to clash Saturday in how each weighed the virtues of regulation against the liberty of markets...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

...folk songs and wrote compositions that reflected these tunes with “fantastic sophistication,” he pointed out the piece’s important melodies and structures, and even led the orchestra in playing short excerpts to prepare the audience for the upcoming performance. The interactive approach was a refreshing alternative to the common and distracting mid-performance study of program notes, and, moreover, it effectively acquainted the audience and the performers. When Zander came out a second time, the orchestra didn’t have the detachment from the audience that usually marks a classical performance...

Author: By Matthew H. Coogan, CRIMSON STAFF WRITER | Title: Zander Conducts Balancing Act | 10/20/2008 | See Source »

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