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Even in its revamped form, the IMF will be less of a significant player on the world stage than its founders intended at the Bretton Woods conference in 1944. Back then, the resources allocated to the IMF amounted to more than half of the world's current account payments. Today, its resources amount to about 3%, according to Buira. Still, if the G-20 intentions are put into practice and the IMF does take on a more active - and more accepted - role as a stabilizing force in the world economy, it will be much closer to the original vision...

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

...wounds. Both sides seem unprepared to return to the status quo. Hizballah no longer trusts its rivals to leave the group's military infrastructure untouched. And the American-supported coalition is busy scaring voters with dire scenarios of what will happen if the Hizballah opposition wins enough seats to form its own government: international sanctions and isolation akin to what happened when Hamas rose to power in Gaza...

Author: /time Magazine | Title: Can a Broken-Windows Policy Work in Lebanon? | 4/19/2009 | See Source »

...such, for high-speed rail to become a viable form of mass transportation in this country, any new initiative must be a truly competitive alternative to the dominant automotive and airline industries. Amtrak’s poor track record has given rise to the false assumption that American culture is somehow incompatible with mass transit or railroads; this is absolutely false. Poor management practices should be remedied by decisive action—for starters, President Obama ought to encourage private industry to cooperate with Amtrak by offering tax breaks for those firms willing to cooperate on the proposed renovation plan...

Author: By The Crimson Staff | Title: Working on the Railroad | 4/18/2009 | See Source »

...game to enhance its versimilitude and lent his voice to later editions. The game became such a pop culture phenomenon it spawned its own mythology: The Madden Curse, in which players featured on the game's cover that year are doomed to suffer an injury or drop in form...

Author: /time Magazine | Title: John Madden | 4/17/2009 | See Source »

...interest charges by Thai courts last year and is now living in self-imposed exile. Sondhi's firebrand speeches full of demagoguery rallied crowds of supporters in prolonged, occasionally violent, protests last year against Thaksin, but he has been accused by critics of stoking hatred against rural people, who form Thaksin's support base, and of being antidemocratic for advocating appointed, as opposed to elected, representatives. (See pictures of the 2008 protests in Bangkok...

Author: /time Magazine | Title: Thai Hopes for Healing Fade After Protest Leader Shot | 4/17/2009 | See Source »

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