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...worldview. Stone sees the geopolitical glass as all empty (the U.S. and its world banking arm, the International Monetary Fund) or all full (Chávez and his comrade Presidentes in South America). As big a celebrity as any of the leaders he interviews, Stone kicks a football around with Chávez and shares coca leaves with Bolivian President Evo Morales. Never does he raise prickly questions - for instance, about human-rights violations and attacks on journalists in Venezuela. The director leaves those stinging salvos for his Hollywood movies about U.S. politicians...
They're supposed to be glittering showcases for the finest new movies from around the world, but film festivals get their juice from Hollywood's most venerable and precious commodity: stars. So on the red carpet at the 66th Mostra Internazionale d'Arte Cinematografica - better known as the Venice Film Festival - were Nicolas Cage, Matt Damon, Viggo Mortensen and, for a little old-fashioned glamour, Omar Sharif. Inside the Sala Grande, George Clooney introduced his new girlfriend, TV presenter Elisabetta Canalis; and when the projector broke down at a screening of his film The Men Who Stare at Goats...
...ideas, thinking, learning, writing all the time," Gardner says. Those people are invaluable, she notes, but the encyclopedia is missing the voices of people in developing countries, women and experts in various specialties that have traditionally been divorced from tech. "We're just starting to get our heads around this. It's a genuinely difficult problem," Gardner says. "Obviously, Wikipedia is pretty good now. It works. But our challenge is to build a rich, diverse, broad culture of people, which is harder than it looks...
...market funds after the Reserve Fund (which had pioneered the money-fund business in 1970) revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business. Similar dislocations played out around the world, and financial institutions became paralyzed by fear and confusion. They simply didn't trust one another anymore and didn't want to lend to one another. The system couldn't handle the stress of a major failure...
...Early in the Great Depression, powerful voices at Treasury and the Fed argued that financial crisis was a necessary corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." This time around, after Lehman went under, no one at Treasury or the Fed talked that way. Instead, policymakers in the U.S. and overseas agreed that the panic had to be stopped at any cost. And it was, through a bailout that placed trillions of taxpayer dollars at risk. It was expensive, messy...