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Geithner has said he'd like to see the board reduced to 20 seats, with more say for the BRIC bloc. Although that makes economic sense, it will be very hard to achieve, warns Prasad: "It's a zero-sum game: for someone to gain a bigger role, someone else has to lose theirs...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

...cannot provide students with textbooks, and civil servants grumble over the $100 monthly salary they receive. And Zimbabwe owes international financial organizations more than $1 billion. While the World Bank has agreed to resume aid to Zimbabwe for the first time since 2000 with a tentative $22 million grant, bigger loans will follow only after Harare retires its debt. (See pictures by James Nachtwey on some of the poorest people in the world, including in Zimbabwe...

Author: /time Magazine | Title: Zimbabwe in Transition: A 100-Day Report Card | 5/23/2009 | See Source »

...government has made little progress in reducing it. Now many observers fear that the economic crisis could make the tension even more acute. The central government fears that financial uncertainty could provoke greater social instability, fanning incidents like the Beijing standoff between the chengguan and citizens into bigger outbreaks of violence. The slowdown will also force more migrant workers who can't find steady jobs in factories to make money peddling on the street, provoking further fights with management officers...

Author: /time Magazine | Title: Above the Law? China's Bully Law-Enforcement Officers | 5/21/2009 | See Source »

...burner for over a year. Finally, the Czech Senate was the last parliamentary chamber in the E.U. to approve the treaty on May 6, passing the hot potato onto the president, whose signature is required for ratification. Klaus, 67, opposes the treaty as a boon to the E.U.'s bigger members and a threat to his country's sovereignty, and he has since kept Europe on tenterhooks as it waits to see whether or not he will sign...

Author: /time Magazine | Title: Vaclav Klaus: The Man with the E.U.'s Fate in His Hands | 5/21/2009 | See Source »

...Although American papers are facing a direr situation at the moment, their managers have been so much more flexible and innovative in responding than France's rigid media," Texier says. "Besides, American dailies started with far bigger markets and much more money than French papers did, so their margin for recovery is larger too." That may leave the French wishing they could go even further in promoting a peculiarly Gallic solution: more holidays...

Author: /time Magazine | Title: French Newspapers Cutting Back on Holidays | 5/21/2009 | See Source »

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