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...views the poor one. Globalization has given new status to places like Brazil, China, India, Russia and South Africa, but the institutions that manage the global economy - the U.N., the World Bank, the International Monetary Fund - still reflect the world as it was at the end of World War II. Manuel was one of the first to point this out and has consistently championed the view, now widely accepted, that the global order needs a fundamental overhaul. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: Trevor Manuel: The Veteran | 3/25/2009 | See Source »

...ODIN II is headed to Afghanistan. The system is a combination of piloted aircraft and "Unmanned Aerial Vehicles" (UAVs) equipped with sensors and infra-red cameras in order to help see insurgents planting bombs even at night. With the information relayed via ground stations, the operators of ODIN, working on Panasonic Toughbook laptops, compare incoming images with earlier ones rom the same site, looking for tiny differences that may indicate the work of bomb makers. When they spot an enemy crew in action, they can either alert nearby troops to be on the guard or call Apache helicopters to launch...

Author: /time Magazine | Title: The Pentagon's Shopping List for Afghanistan | 3/20/2009 | See Source »

...Kindly Ones is a grandly hallucinatory account of World War II from the point of view of an SS officer named Max Aue. Max is an intellectual and a loner with refined taste in music and literature. As a narrator he reminds one of a chillier, less funny Humbert Humbert. But Max's business isn't raping nymphets. It's racketing around the Third Reich, from Stalingrad to Auschwitz to Hitler's bunker, advancing the cause of Nazi genocide...

Author: /time Magazine | Title: The Good Soldier | 3/19/2009 | See Source »

...Publishing (later Standard & Poor's) started selling its bond ratings to investors in 1916; Fitch followed suit in 1924. In the 1930s, federal regulators began using these private ratings to evaluate the safety of banks' holdings, among other things, but the importance of the agencies waned following World War II as bond defaults became rare. The economic turbulence of the 1970s raised the industry's profile again. In 1975, the Securities and Exchange Commission (SEC) deemed certain firms "nationally recognized statistical ratings organizations"--making a sign-off from a ratings agency a necessity for anyone selling debt. But ratings also...

Author: /time Magazine | Title: A Brief History Of: Ratings Agencies | 3/19/2009 | See Source »

...search for order, Lowell turned to specialization—not general education. It was not until World War II that Harvard established a general education curriculum. University President James B. Conant ’14 vested then-Dean of the Faculty Paul H. Buck with an epic task: to chair a committee that would reevaluate secondary and higher American education. The new initiative involved promoting and preserving democratic ideals. The resulting manifesto, the Red Book, not only proposed an answer for how to mold students into educated citizens, but also how to mold a more cohesive world community. Thousands...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Kicking the Core to the Curb | 3/19/2009 | See Source »

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