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...That's already happening as the IMF assumes its more traditional function of providing funds to cash-strapped nations confronting turmoil. Late last week, for example, the organization struck a tentative agreement to extend Iceland a $2 billion loan; similar accords are expected to be made with other countries badly in need of economic stability amid the current upheaval, including Hungary and the Ukraine. Nations with more stable economies that are badly hurting for access to foreign currency like South Korea and Brazil, meanwhile, may also soon turn to the IMF for help...

Author: /time Magazine | Title: IMF Tries to Recover from Strauss-Kahn Affair | 10/26/2008 | See Source »

...capitalism". Though the most rabid adepts of laissez-faire systems like the U.S. are expected to rebuff such efforts to impose international strictures, Strauss-Kahn's profile as a respected economist and market-friendly leftist leaves him in a rare spot: The head of an international agency about to extend its powers that political and business leaders on both sides of the Atlantic and Asia feel they can deal with...

Author: /time Magazine | Title: IMF Tries to Recover from Strauss-Kahn Affair | 10/26/2008 | See Source »

...French reaction to Strauss-Kahn's IMF trouble has generally called it a reflection of notorious puritanical American social obsessions that extend into the private affairs of public figures. Perhaps, but the so-called "people-ization" of politics in France--and accompanying media willingness to offer up formerly off-limits details of politicians' lives-considerably raises the possibility of sex and dalliances becoming game-changing concerns in future French elections. However, throwing that first stone may be perilous, "because this kind of thing isn't reserved to Strauss-Kahn, or even the left, since we know many conservatives go astray...

Author: /time Magazine | Title: IMF Tries to Recover from Strauss-Kahn Affair | 10/26/2008 | See Source »

...later than June 30th, 2009", and from all Iraqi territory "no later than December 31st, 2011." There is certainly a provision for those dates to be subject to "review," but changing them would require agreement from both sides. Effectively, the draft agreement puts any "conditions-based" decision to extend the deadline into the hands of the Iraqi government. And on current indications, the Iraqis are unlikely to accept any extension. In fact, right now the Iraqi government appears unable even to accept the "final" draft agreement that contains those deadlines its negotiators demanded - for fear of enraging its electorate...

Author: /time Magazine | Title: How Iraqi Democracy May Mean an Early US Withdrawal | 10/24/2008 | See Source »

...mood to reopen negotiations, as Defense Secretary Gates and other officials have made clear. And given the political hurdles faced by any pact to extend the U.S. troop presence in Iraq, it may well be that no agreement can be reached before the current U.N. mandate expires. The Iraqis don't appear overly bothered by that possibility, suggesting that the U.N. mandate could simply be extended by the Security Council for another year. Washington has strongly discouraged that view, warning that following the summer's Georgia conflict, Russia may be in a spoiling mood and veto such an extension - although...

Author: /time Magazine | Title: How Iraqi Democracy May Mean an Early US Withdrawal | 10/24/2008 | See Source »

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