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...international monetary fund (IMF) is holding its annual meeting in Southeast Asia this week. Nearly 10 years have passed since the 1997 Asian crisis, so this is an anniversary of sorts?a not entirely happy one. The IMF's image in Asia suffered from perceived missteps it made during the crisis. Yet the fund also did a lot right (as was shown by the region's rapid recovery), and since the crisis the IMF has changed. More change is in the works. At the meeting in Singapore, the fund is pursuing reforms that will give greater influence to emerging economic...

Author: /time Magazine | Title: Balancing Act | 9/18/2006 | See Source »

...Some background: one of the IMF's primary missions is to be an emergency lender to countries suffering from economic shocks, such as sudden currency devaluation. During the Asian crisis, the IMF loaned billions of dollars to countries including Thailand, Indonesia and South Korea, where years of excessive borrowing and frenzied investment by a financially overstretched private sector (abetted by errant government policies) led to sharp economic reversals. While IMF intervention helped put those countries on the road to recovery, it was not without controversy. For example, the IMF initially urged governments to cut spending, but quickly reversed itself when...

Author: /time Magazine | Title: Balancing Act | 9/18/2006 | See Source »

CITIES A 15-yearold urban black male is 3.8 times as likely to die before the age of 60 as an Asian American COLORADO Clear Creek, Eagle, Gilpin, Grand, Jackson, Park and Summit are ranked as the top counties in the nation for longevity (81.3 years on average...

Author: /time Magazine | Title: Live Here and Prosper | 9/17/2006 | See Source »

RURAL SOUTH The life span of low-income black female residents is 13 years shorter than that of Asian-American women...

Author: /time Magazine | Title: Live Here and Prosper | 9/17/2006 | See Source »

...HAWAII Residents of D.C. have the shortest life expectancy nationwide, at 72 years. Hawaiians have the longest, at 80 years NEW JERSEY Asian-American women living in Bergen County lead the nation in longevity typically reaching...

Author: /time Magazine | Title: Live Here and Prosper | 9/17/2006 | See Source »

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