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Unfortunately, the HIPC initiative is flawed. To begin with, it measures “debt sustainability” as the ratio of a country’s annual exports to its debt burden, a problematic metric which renders impoverished nations such as Haiti, Bangladesh, and Nigeria ineligible for assistance. If a country receives HIPC status it must then agree to strict macroeconomic conditions—such as limits on government spending—which are intended to keep deficits low and inflation down. In practice, however, these constraints often force indebted nations to impose user fees on health and education...

Author: By Sasha Post, | Title: Drop the Debt | 10/23/2003 | See Source »

...have ponied up. Management & Excellence, a start-up agency based in Malaga, Spain, is posting unsolicited grades on management-rating.com with the goal of eventually soliciting business from firms that want ethics audits. With M&E's ratings system, companies lose points if no information is available for a particular metric, like a corporate code of ethics...

Author: /time Magazine | Title: Global Briefing: Feb. 24, 2003 | 2/24/2003 | See Source »

...with links to al-Qaeda, Hizballah and other terrorist groups. Operation Containment is a response to recent intelligence reports that next spring's Afghan poppy harvest, which was just planted, will be at least as big as this year's newsmaking haul and may match the record 3,656-metric-ton harvest of 2000. That year Afghan growers, backed by the Taliban, cornered as much as 80% of the world heroin market. Afghan warlords are once again the dominant players in the world market, and some, U.S. officials say, are closely allied with Jihadist fanatics determined to undermine the weak...

Author: /time Magazine | Title: The New War On Afghan Heroin | 11/25/2002 | See Source »

...friends. On Sept. 15, say court papers, the threesome flew from Karachi to Hong Kong and checked into three rooms at the marble-clad Conrad Hotel, where the average room costs $210 per night. According to the indictment, the deal then firmed up: the three men offered 5 metric tons of hashish and 600 kilos of heroin. They later agreed, says the indictment, to take payment in the form of four Stinger missiles. After a couple of days of haggling, they allegedly told the undercover FBI men they intended to sell the Stingers to the Taliban, "an organization which...

Author: /time Magazine | Title: One Big Bust of A Business Trip | 11/11/2002 | See Source »

...metric of terror measures losses far beyond the killing zone of a car bomb. In the week following the Bali explosion that killed nearly 200, Ramlah Yasin sat on the floor of an office at a shuttered factory on the outskirts of Jakarta wondering if she, too, should be counted as a victim. Yasin, 30, worked for 11 years as a cloth cutter on the assembly lines of a shoe manufacturer, but a month ago her employer was forced to close after U.S. athletic gear giant Nike stopped ordering sneakers. Yasin has been looking for work...

Author: /time Magazine | Title: A Failed State? | 10/21/2002 | See Source »

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