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...London was an agreement to triple the IMF's resources to $750 billion, and to allow it to issue a further $250 billion on its own. Part of that money is supposed to go to countries suddenly in financial straits, and part is designed to serve as a more general liquidity boost to the contracting world economy. (See pictures of stores that have closed down...
Change is long overdue. "Who can possibly justify the fact that Belgium has a substantially larger quota than India, Brazil or Mexico?" asks Ariel Buira, of the Mexican Council for International Affairs. The IMF's legions of critics even include other international agencies. Malcolm Knight, a former general manager of the Bank for International Settlements - a sort of club for central bankers - recently blasted the IMF in an article that described its performance as "less than evenhanded or effective," and accused it of being asleep at the wheel in the months before the current economic turmoil. "The IMF was uncharacteristically...
...federal court of appeals recently overturned a motion by Harvard Law School professor Charles R. Nesson ’60 to allow what his staff says would have been the first Internet broadcast of a federal judicial proceeding to the general public in history. The development came in the midst of a case that Nesson is defending on behalf of Joel Tenenbaum, a graduate student at Boston University who faces up to $1 million in damages after being sued by several prominent record labels in 2005 for allegedly downloading seven songs from a file-sharing Web site in high school...
...efforts like Woods' are up against powerful headwinds - and not just because of the powerful gun lobby that often strangles gun-control laws. Americans in general have cooled significantly to the idea of restricting gun rights. A poll released last week by CNN showed that support for stricter gun laws was at an all-time low, with just 39% of respondents in favor. Eight years ago that number...
...memos, dated May 30, 2005, quotes an internal investigation by the CIA inspector general (IG), revealing that two detainees were waterboarded on scores of occasions in the space of a single month. In August 2002, Abu Zubaydah, the first prisoner put through the CIA's overseas detention program, was waterboarded at least 83 times; and in March 2003, Khalid Sheikh Mohammed, the confessed mastermind of the 9/11 attacks, was waterboarded 183 times. (These numbers were redacted in one version of the released memos, but were noticed in a separate version by Marcy Wheeler of the blog emptywheel...