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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...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

...lack of celebration reflected genuine security concerns. Mexico has seen more than 800 police and soldiers shot dead, stabbed or even decapitated since January 2008 as well as a grenade attack on a U.S. consulate. The Mexican security forces and the entourage of Secret Service agents were taking no chances to allow Obama to even step on the streets of Mexico City. After flying by helicopter into a key military base, he stuck within a square mile of the presidential palace and was out of the country on Friday after less than 20 hours. (See behind the scenes pictures from...

Author: /time Magazine | Title: Obama in Mexico: No Hero's Welcome | 4/17/2009 | See Source »

...whatever the reasons, the closed nature of his first stop in Latin America contributed to disappointed headlines in Mexican newspapers. "Obama Opens His Arms But Makes Little Commitment," rattled out the top-selling El Universal newspaper. "Lots of Praise, No Agreements," blared El Milenio. "Only Good Wishes in Calderon and Obama's Date," said the leftist La Jornada...

Author: /time Magazine | Title: Obama in Mexico: No Hero's Welcome | 4/17/2009 | See Source »

Asked when he would draft a new bill to allow Mexicans to work legally in the United States, Obama was also evasive. "I voted twice for comprehensive immigration reform that would have provided a pathway for legalization and improvement of the orderly path of migrants into the United States," he said. "We came close to getting that kind of a reform done several years ago and then it became politicized. My whole goal is to remove the politics out of this and take a very practical commonsense approach." An estimated six million of the 11 million Mexicans currently working...

Author: /time Magazine | Title: Obama in Mexico: No Hero's Welcome | 4/17/2009 | See Source »

...City's ITAM institute, said the cynicism of the press disguises a generally positive view of Obama in Mexico. "No one really expected major agreements to come out of this visit," he said. "It was about starting over again in bilateral relationship, getting a positive mood or tone going. Mexican people have now seen a U.S. leader who is more open to their concerns. He is generally well thought of here...

Author: /time Magazine | Title: Obama in Mexico: No Hero's Welcome | 4/17/2009 | See Source »

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