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Boutros-Ghali will also need to keep a close eye on his country's own economy: the global downturn has hit Egypt's growth. "The big problem is that it will slow job creation, and we can't afford that," Boutros-Ghali says. But, he adds, there's no reason to panic just yet: "We have a comfortable balance of payments and reserves." With a little luck, Egypt may escape the "pointy end" of the IMF's policies this time...

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

...countries' shared Soviet past. As Ukrainian President Viktor Yushchenko this week lamented that Ukraine had become "a hostage in the fight between two totalitarian regimes - fascist and communist" and called for Soviet-era symbols around the country to be torn down, his Russian counterpart Dmitri Medvedev ordered the creation of a presidential commission "to counter attempts to harm Russian interests by falsifying history...

Author: /time Magazine | Title: Russia and Ukraine Battle Over Their Shared History | 5/22/2009 | See Source »

...Russian authorities are hitting back. On Tuesday, Medvedev announced the creation of a presidential commission to work to protect Russia's history from being revised or re-evaluated in any way that tarnishes Russia's image. "More and more frequently, we are coming across historical falsifications," he said in a video blog on May 7, two days before Victory Day, which celebrates the WW II defeat of Nazi Germany by Soviet forces. "Such attempts are becoming more vicious, evil and aggressive. We will not allow anyone to cast doubt on the heroic feat of our people." (See pictures of Victory...

Author: /time Magazine | Title: Russia and Ukraine Battle Over Their Shared History | 5/22/2009 | See Source »

...flip side of the coin from the act of evaluation, however, is the act of creation. Producing things of value is just as important as evaluating things that already exist. How do you make something that you think has value? How do you give an object worth, meaning, significance? Some people learn to create monetary value (of varying degrees of reality or imaginariness—like all those recent graduates blowing hot air into the ballooning moneybags of Wall Street in the earlier part of this decade), others create social value with nonprofit work, others create artistic value through films...

Author: By Alexander B. Fabry | Title: The Value of Veritas | 5/21/2009 | See Source »

...just refused to believe that nuns and priests could behave in [this] way." It was Raftery's documentary film series States of Fear, broadcast on Irish television in 1999, that first brought allegations of systemic abuse in reform schools and other institutions to public attention and led to the creation of the child-abuse commission...

Author: /time Magazine | Title: For Ireland's Catholic Schools, a Catalog of Horrors | 5/21/2009 | See Source »

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