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...within Thailand as too friendly to creditors was effectively imposed in 1998; today Thailand is moving toward adoption of a law that balances creditor and debtor interests.) Ownership requires participation in the decision making; as World Bank president James Wolfensohn has put it, the "country should be in the driver's seat." While critics have said that effective control remains in the hands of the instructor (the IMF and World Bank), the fact is that - especially in many of the World Bank's country programs - there has been a real change in the relationship. Today, even the IMF recognizes...

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

...foot, along with thousands of other people. Along Fifty-Eighth Street, restaurant workers sat outside their eateries on chairs better suited for office work or dinner than for outdoor lounging. Firefighters sat outside their stations, doormen outside their buildings and parking garage attendants outside their booths. One driver rested his head on the steering wheel of his car, trapped in a garage by an electrically-operated pole blocking the exit...

Author: By Alexander J. Blenkinsopp, | Title: Light in the Blackout | 9/10/2003 | See Source »

This being rural India, the 9 a.m. bus to Top Station didn't leave until a quarter to 10. In that sweltering interim I had plenty of time to stare at the pane of glass that separated the driver from the passengers. It was adorned with a large, gaudy image of Jesus, and above the messiah's head?just where a halo ought to be?was a sign that read, disappointingly, "No Smoking." A pity. One garners plenty of saintly patience traveling on Indian buses; a few hard drags on a Marlboro Light would be even better...

Author: /time Magazine | Title: Top Spot for High Tea | 9/8/2003 | See Source »

...Later that day, I hired a jeep and driver for the 34-kilometer journey back to Munnar; we also drove into what turned out to be the day's high point. The first sign of the latter was a long and honking traffic jam?not the kind of thing you expect in up-country Kerala. But as I leaned out of the window, the source of the disruption became clear. For there on the road in front of us was a lone, enraged bull elephant...

Author: /time Magazine | Title: Top Spot for High Tea | 9/8/2003 | See Source »

...Danger, Madam," intoned my driver soberly, but I couldn't help grinning. The elephant chased us, along with a sprawling convoy of cars and buses, back up the hill. Craning my neck to keep the behemoth in view for as long as possible, the last thing I saw before we rounded the corner to safety was an archetypal drama of David and Goliath. Like the famous lone protester of Tiananmen facing off a Chinese army tank, there stood one brave lunatic, arm outstretched and brandishing a rock as the elephant lumbered mightily towards him. As far as I know...

Author: /time Magazine | Title: Top Spot for High Tea | 9/8/2003 | See Source »

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