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Keynes led the British delegation to the 1944 conference in Bretton Woods, N.H., where Allied officials determined the postwar shape of the global financial system. He was unable to persuade his U.S. counterparts to give the institution at the heart of the new system, the IMF, the money-creation powers...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

Riding the Downturn That's certainly true for Joe Gebbia and Brian Chesky. Classmates at the Rhode Island School of Design (RISD), they moved to San Francisco a few years ago with the vague intention of starting a business. Their eureka moment occurred in October 2007 when a huge design...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

"We thought, Why not host people in our own apartment?" Gebbia said. "It was a way to make a few extra bucks to offset our already expensive rent." The guys had an extra bed, a sofa and an air mattress and decided to offer, via the conference's website, ad...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

Since they had no money, they quickly enlisted as their partner a former roommate, Nathan Blecharczyk, who had some technical skills. He built the website - which was initially aimed at cities with big conference calendars - and made it easy for hosts to offer low-rent lodging to visitors. AirBnB.com handled...

Author: /time Magazine | Title: The New Internet Start-Up Boom: Get Rich Slow | 4/9/2009 | See Source »

The situation is further complicated by the desire of Pakistan's politicians to pursue a strategy that is seen as being independent of Washington. During Foreign Minister Shah Mahmood Qureshi's press conference with Holbrooke and Mullen, Qureshi insisted that there were "red lines" that Washington should not cross. "The...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

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