Word: londonized
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...suddenly the IMF is the center of attention again, and this time in a new and unaccustomed role: as the hero of the hour, the institution seen as best able to rescue the collapsing world economy. A principal outcome of the April 2 meeting of G-20 leaders in 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...
...teams took to the water this past weekend throughout New England against some stiff competition in some rather stiff winds. The co-ed team competed in the New England Dinghy Championship in Chestnut Hill, Mass., placing seventh overall, while the women’s team traveled to New London, Conn. for the Women’s Wick and Shrew Trophies, and brought home a fourth place finish. While the Crimson failed to emerge victorious at either of the regattas, both squads progressed on their season-long objectives as they close in on the championship portions of their schedules...
Presidents pushing people around is old hat, of course. But Sarkozy's criticisms of some of the most powerful leaders on earth is rare. Merkel in particular might feel slighted. Sarkozy's threat to bolt London's G20 summit earlier this month if Washington and London didn't bend to his demands on stimulus strategies and financial market regulations was made with the support of Merkel - who put her previous disdain and mistrust of Sarkozy aside in order to back...
...with fishing fleets from around the world illegally plundering Somali stocks and freezing out the country's own rudimentarily-equipped fishermen. According to another U.N. report, an estimated $300 million worth of seafood is stolen from the country's coastline each year. "In any context," says Gustavo Carvalho, a London-based researcher with Global Witness, an environmental NGO, "that is a staggering...
...former fishermen, but just poor folk seeking their fortune. Right now, they hold 18 cargo ships and some 300 sailors hostage - the work of a sophisticated and well-funded operation. A few pirates have offered testimony to the international press - a headline in Thursday's Times of London read, "They stole our lobsters: A Somali pirate tells his side of the story" - but Lehr and other Somali experts express their doubts. "Nowadays," Lehr says, "this sort of thing is just a cheap excuse." The legacy of nearly twenty years of inaction and abuse, though, is far more costly...