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...through a reform of its arcane shareholding or "quota" system, the domination of policy by the U.S. and other developed economies will give way to a more balanced system of governance, under which developing countries such as Brazil, China and Russia will have a greater say. The IMF's focus is supposed to shift, too: the G-20 wants it to play a more active role as global economic cop, monitoring policy among the major advanced economies as well as the poorer ones, and blowing a whistle when it sees dangerous behavior. In theory, the IMF should reflect both...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

...income employees. But despite the current relevance of that position, he has not yet carved a distinct niche for himself on the Council.UNIVERSITY RELATIONSWard said that he would like to see less adversarial relationships between Cambridge and universities such as Harvard and MIT—ones that focus on the non-monetary resources the universities provide the city.“A lot of value is added to the city from [Harvard], but often times, that is overshadowed by the fact that it is not tax-based,” Ward said.In March, City Councillor Marjorie C. Decker proposed granting...

Author: By Danella H. Debel and Sarah J. Howland, CRIMSON STAFF WRITERSS | Title: New Councillor Seeks Own Niche | 4/19/2009 | See Source »

...started to inch ahead. By the last 500 meters, the outcome was all but decided, and Radcliffe managed to best Dartmouth by 6.8 seconds. Syracuse finished in third place with a time of 7:09.5.“We were able to stay really internal in our boat and focus on the rhythm,” senior Sarah Moore said. “We probably had a length coming into the 1000 and just took it from there.”The Second Varsity Eight dispatched both opponents in similar style, turning in a first-place finish...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Rowers Garner Mixed Results | 4/19/2009 | See Source »

...purchases aren't always the best purchases: "Despite your initial excitement and a high price tag, adaptation guarantees that your focus will soon stray from the wondrous pleasures of your new computer or larger apartment, consigning them to mere comfort status. Rather than binging on such big, costly amenities, a better - and cheaper - strategy for boosting your daily satisfaction quotient would be to add many more simple, inexpensive ones ... After all, on any given Monday morning, your comfortable bank balance pales beside a good cup of coffee...

Author: /time Magazine | Title: Improve Your Life by Paying Attention | 4/17/2009 | See Source »

...belief that the assault weapons ban made sense... assault weapons, as we now know here in Mexico, are helping to fuel extraordinary violence," Obama said. "Having said that none of us are under any illusion that reinstating that ban would be easy." The President said that he would focus his efforts on getting lawmakers to approve a treaty against arms trafficking, which was signed by President Clinton in 1997 but has never been ratified by the Senate. However, American officials concede that the majority of weapons smuggled to Mexico are purchased by U.S. citizens in so called "straw purchases...

Author: /time Magazine | Title: Obama in Mexico: No Hero's Welcome | 4/17/2009 | See Source »

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