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...exchanging one currency for another. It also led to the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development, now known as the World Bank. The former was designed to monitor exchange rates and lend reserve currencies to nations with trade deficits, the latter to provide underdeveloped nations with needed capital - although each institution's role has changed over time. Each of the 44 nations who joined the discussions contributed a membership fee, of sorts, to fund these institutions; the amount of each contribution designated a country's economic ability and dictated its number...

Author: /time Magazine | Title: Bretton Woods System | 10/21/2008 | See Source »

...president Al Gore, who owns a “very large house” but has nonetheless contributed to combating climate change through his ideas. Though tensions rose during the discussion (one panelist tersely asked another if he “lived in an igloo” after the latter said individual greenhouse gas emissions were irrelevant), those in attendance said the contention was demonstrative of the issue’s salience. “By making this institutional commitment,” said Spring Greeney ’09, former chair of the Environmental Action Committee...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Experts Debate Sustainability | 10/21/2008 | See Source »

...time off what she ran on the same course last year.”Rookie Alison Lee and sophomore Thea Lee finished back-to-back in the 34 and 35 spots, respectively, and just .3 seconds apart—the former coming in at 18:51.5 and the latter with a time of 18.51.8.Freshmen Jenne Mack and Kristen Jorgenson rounded out Harvard’s scoring with solid 64th-place, 19:17.0 and 78th-place, 19:39.3 finishes, respectively.On the men’s side, Stephen Chester led the 16th-place team finish in the R.K. Munsey Men?...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Personal Records Galore in Split Meets | 10/19/2008 | See Source »

...discs and over two hours (the deluxe edition features a third disc and a 150-page booklet to boot), “Tell Tale Signs” is yet another thoroughly enlightening, thoroughly rewarding, and thoroughly listenable rarities collection—this time, of Dylan’s vaunted latter-day catalogue, spanning the time from 1989’s “Oh Mercy” up until 2006’s “Modern Times.”The quality of the songs collected here is worthy of that period’s legacy. Each disc begins...

Author: By Ryan J. Meehan, CRIMSON STAFF WRITER | Title: Bob Dylan | 10/17/2008 | See Source »

...implications of energy poverty in emerging markets and the potential power of nations who control supply. But he only provides two, broad suggestions to households: lead a personally sustainable life (Friedman, incidentally, lives in an 11,400 square-foot home) and work to change national leadership. On this latter point, Friedman argues the obvious, that we need innovation, clear leadership signals, and fully-functioning markets, but fails to truly discuss the political process that can get us there. Furthermore, his more interesting observations are discredited by silly chapter titles such as “We?...

Author: By Erin F. Riley, CRIMSON STAFF WRITER | Title: New Book Not Hot or Original | 10/17/2008 | See Source »

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