Word: coup
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...demands in exchange for its loans. Tanzanian President Julius Nyerere calls the IMF a "substitute for colonialism," charging that it and other international institutions have become "tools of the rich nations to control the economies of poor nations." The fund has been particularly unpopular in Sudan, where a military coup toppled the government three weeks ago. Before his overthrow, President Gaafar Nimeiri had been unable to fashion an economic program that satisfied the IMF. As a result, aid from creditor nations was cut off, and a lack of foreign currency led to shortages of bread and petroleum. When prices...
...Saturday nights when we were frantically trying to close the magazine, was: "Ask Penny." Penny Campbell, who died unexpectedly last week, was our very own walking encyclopedia. Whatever information you needed-whether it was pointers on an arcane aspect of TIME style, the current status of some attempted coup or the latest piece of office news-Penny knew. And she would happily tell you, too, over a steaming cup of organic Earl Grey tea and a chocolate biscuit...
...Saturday nights when we were frantically trying to close the magazine, was: "Ask Penny." Penny Campbell, who died unexpectedly last week, was our very own walking encyclopedia. Whatever information you needed - whether it was pointers on an arcane aspect of TIME style, the current status of some attempted coup or the latest scrap of office gossip - Penny knew. And she would happily tell you, too, over a steaming cup of organic Earl Grey tea and a chocolate biscuit. In Hong Kong, where Penny was an associate editor with TIME 's Asian edition before taking on the same role...
...least that's how a Manhattan jury saw it, delivering a guilty verdict in Ebbers' fraud trial and handing the feds a major coup in their crackdown on corporate crime. Convicted of securities fraud, conspiracy and false regulatory filings, Ebbers, 63, is the highest-profile chief executive to be found guilty in the recent wave of accounting scandals. Under federal sentencing guidelines, he faces up to 85 years in prison, and even if he receives about 20 years, as some legal analysts predict, when he's scheduled to be sentenced in June, he could spend the rest of his life...
...profound change in the region's prospects. But that requires dispensing with the Cold War mentality that puts the outcome above the process, i.e. better a pro-U.S. autocrat than a democratically elected socialist (or, these days, Islamist). Henry Kissinger once justified U.S. support for the Pinochet coup in Chile by saying "I don't see why we need to stand by and watch a country go communist due to the irresponsibility of its own people." If a similar attitude prevails in Washington if Arab electorates choose Islamists to lead them, the current moment of democratic hope will come...