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Some argue Bretton Woods and the International Monetary Fund (IMF) and World Bank it created should have undergone revamping even before the crisis broke. Initially tasked with overseeing currency exchange rates and providing funds and advice to nations suffering trade deficits, the IMF has watched its field of action wane...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

Should that happen, the IMF could be given a new function as a "permanent secretariat" overseeing finance markets for G7 and other major countries, Buiter says. That's rather a far cry from Sarkozy's appeal to reinvent capitalism - or even British Prime Minister Gordon Brown's call to reform...

Author: /time Magazine | Title: Muted Hopes for Global Finance Summit | 10/23/2008 | See Source »

With fewer banks making loans, more companies are turning to other sources of capital. Gerald Joseph, president of asset-based lender [i.e., lending secured by an asset] Gerber Finance, says his phone has been busy lately with calls from executives who used to get loans from banks. But, like other...

Author: /time Magazine | Title: Crrrunch! Is Your Favorite Company About to Go Bust? | 10/22/2008 | See Source »

The University’s Entrepreneurial Finance Laboratory will use the money—totalling almost $710,000—to address the lack of financing that can derail small and medium business enterprises in countries where these businesses are desperately needed to begin building a middle class.

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: Aid Org Nets Google Grant | 10/21/2008 | See Source »

House Committees may be receiving $800 more than they did last fall from the Undergraduate Council. The Council presented a provisional budget this past Sunday that notes that the 12 HoCos will receive approximately $5,400 from the UC in upfront funding. Dudley House will receive a smaller increase that...

Author: By Chelsea L. Shover, CRIMSON STAFF WRITER | Title: HoCos Benefit From UC Budget Surplus | 10/21/2008 | See Source »

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