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...role of these secret bank accounts in financing terrorism was at last recognized, and thus there has been progress in loosening bank secrecy. Capital market liberalization Perhaps the biggest - and least celebrated - change has been in perspectives on capital market liberalization. Six years ago, the IMF proposed changing its charter to include a requirement that member countries liberalize their capital markets. I, and others, had criticized the proposal because there was no evidence that such a change would promote economic growth or stability. We argued that such a major change to the global financial architecture needed evidence showing it would...

Author: /time Magazine | Title: An IMF Report Card | 9/14/2003 | See Source »

...goal of Palestinian nationalism, by contrast, has traditionally been the elimination of the State of Israel. As the national movement representing the displaced Arab population of pre-1948 Palestine, the founding Charter of the PLO speaks of British mandate Palestine as an "indivisible unit" which must be restored to its original owners, dismissing Jewish and Zionist claims on the land and allowing only that those Jews who lived in Palestine "before the Zionist invasion" would be allowed to remain. Although that document was later modified (in a meeting hastily convened under pressure from the Clinton White House) in keeping with...

Author: /time Magazine | Title: The Only Way to Mideast Peace | 8/28/2003 | See Source »

...Adjaye formed his own practice in 2000. He now has a staff of more than two dozen working on projects not only in Britain but in the U.S. as well. Last year the Rev. Eugene Rivers, a Boston-based activist clergyman, commissioned Adjaye to design an arts-and-media charter school in Dorchester, Mass...

Author: /time Magazine | Title: Space Case | 8/28/2003 | See Source »

...assuage North Korean concerns, particularly through offering Pyongyang security guarantees - in other words, to get a deal on nuclear weapons, the Bush Administration will have to swear an oath to refrain from pursuing the overthrow of the regime of Kim Jong Il. But guaranteeing the security of a charter member of President Bush's "Axis of Evil" sticks in the craw of many in the Administration...

Author: /time Magazine | Title: What We Talk About When We Talk About North Korea | 8/14/2003 | See Source »

China's leadership is drafting an overhaul of its communist-era constitution that would include guarantees of private-property rights. But freedom of the press will probably not be part of any charter-reform package. In its latest attempt to rein in the country's increasingly boisterous media, the Party's Publicity Department?formerly the Ministry of Propaganda?this month ordered the closure of the Beijing New Times newspaper after it ran an article criticizing China's congress. The department also forbade coverage of other sensitive topics, including Jiang Yanyong, the doctor who exposed the government's cover...

Author: /time Magazine | Title: China Stops the Presses, Again | 6/23/2003 | See Source »

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